Why does Aster Garden is providing a base rate which is much lower than that of other properties near by ?

Q: Why does Aster Garden is providing a base rate which is much lower than that of other properties near by ?

Sudipta Kumar Basu,

27th January 2014

Buying property in Kolkata

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Replies (7)

Not last but the least Poonam, What return one can expect in this project?

Anil Debnath, Kolkata

28th January 2014

Comment

Good question Anil, the return on investment has witnessed an increase of 5% Q-O-Q. This locality has excellent potential for growth and ROI, and investors are likely to see between 15 % to 20% returns annually.

Poonam, Kolkata

28th January 2014

Thanks! Poonam, one more thing i want to know that What is the current price trends in the locality of Rajarhat?

Anil Debnath, Kolkata

28th January 2014

Comment

Doesn't matter Anil, Here residential apartment price starts from Rs 2500 per sq ft to Rs 5200 per sq ft and average apartment price in this locality is Rs 3800 per sq ft. Average land prices are Rs 1800 per sq ft.

Poonam, Kolkata

28th January 2014

Can anybody tell me about the connectivity and the major builders of the area?

Anil Debnath, Kolkata

28th January 2014

Comment

Ofcourse, as per as my concern, Aster Gardens is set near City Centre 2 and in close proximity the Dumdum Airport, Sector-5 Bypass, Rajarhat Newtown which is 15 minutes distace from projects site. Also close connectivity to market, school, hospital and colleges that is easily accesible by Bus and Metro Train.
Major builders in this area includes: Rameshwara Group, Siddha Group, MB Construction, Magnolia Infrastructure, GM Group, Loharuka Group, Rajat Homes, etc.

Poonam, Kolkata

28th January 2014

Which are the bankers providing loan and when is the possesion period?

Anil Debnath, Kolkata

28th January 2014

Comment

Well anil, according to developer of this projects the possession year would be at the start of 2016. Aster Gardens is approved by the Kolkata Development Authority. Leading bankers of this project are HDFC and Axis Bank.

Poonam, Kolkata

28th January 2014

What is the present status of this project? Please let me know the project details of Aster Garden?

Anil Debnath, Kolkata

28th January 2014

Comment

Aster Gardens is a high-end residential development comprising of G + 4 towers spread over an area of 120 kattahs. Located beside Rajarhat Chowmatha, the project offers 160, 2.5/3BHK flats ranging from 1034-1428 sq. ft. @ 2600 to 2800/ sq.ft and it cost around 30 including all charges. Total flats available in this projects are 24 till now . Each home here is designed as per contemporary norms & with proper space utilisation. This project is launched in the year 2011 and the launching price was 1900/sq.ft.

Poonam, Kolkata

28th January 2014

Residential apartment price starts from Rs 2500 per sq ft to Rs 5200 per sq ft and average apartment price in this locality is Rs 3800 per sq ft.

Poonam, Kolkata

28th January 2014

Comment

Real estate in Rajarhat owes its growth to its close proximity to Kolkata’s business district. The real estate in this locality is booming, many buyers are encouraged to buy a flat here. Rajarhat has major hospitals, malls, parks, clubs, 5-star hotels, etc. Another factor to encourage property investors is the proposed Metro connectivity that is currently in under construction. Proximity to the airport, access to major business hubs and a green locality is increasing the demand for residential property.
Most developers are offering 2BHK and 3BHK units to cater to the huge buyer demand. Residential apartment price starts from Rs 2500 per sq ft to Rs 5200 per sq ft and average apartment price in this locality is Rs 3800 per sq ft. The ROI (Return on Investment) has witnessed an increase of 5% Q-O-Q. This locality has excellent potential for growth and ROI, and investors are likely to see between 15 % to 20% returns annually. Average land prices are Rs 1800 per sq ft.

Poonam, Kolkata

28th January 2014

Comment