Budget Plots in Kolkata

Q: Hi, Huge supply of virgin land bank at affordable price makes residential plots a mania in Kolkata.

Santosh TR,

8th April 2014

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Replies (1)

Hi all,
There have been a noticable changes in the investment pattern. The new trend in Kolkata shows that investers is keen to invest in the residential plots.

Pranab Malakar,

8th April 2014

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Hi Pranab,
What are the plot sizes and price/sqft? Can you mention few areas and the property rate as well so that it help us to take investment decision?

Supratim,

8th April 2014

Well Spratim,
In Joka, for a plot of size 720 sq ft, the price is Rs 1 lakh. Barasat too lists a 720 sq ft plot for Rs 1.9 lakh. Diamond Harbour offers you 720 sq ft plot within Rs 3 lakh to Rs 4 lakh. The same size plot can be owned at Garia for Rs 1 lakh. For a 1440 sq ft plot at Sakker Bazaar, the price would be Rs 3.5 lakh.

Pranab Malakar,

8th April 2014

Thanks Pranab,
What is the minimum size that is required to get a plan sanctioned in Kolkata and in area like Joka, rajarhat and Diamond Harbour? What is the current price per cottah in Diamond Harbour?

Supratim,

8th April 2014

Well,
2 kottah is the minimum size that is required to get a plan sanctioned in Kolkata and in areas like Joka, Rajarhat and Diamond Harbour, there are plots for as low as Rs 1.25 lakh per kottah.

Pranab Malakar,

8th April 2014

Thanks once again,
How is the scope of appreciation in those areas? Is it a good time to invest in a residential plot now?

Supratim,

8th April 2014

Your most welcome,
An idea point out that with the upcoming Metro projects in Kolkata, the prices of apartments, independent houses and plots might show an upward movement. It might be a good idea to invest in a residential plot now and build your home or sell it off in future.

Pranab Malakar,

8th April 2014

Well,
What is the traditional mantra of success in real estate? Which are the area where one can get a good return and what would be the time frame?

Supratim,

8th April 2014

@Supratim,
The traditional mantra of success in real estate is location. Therefore, areas like Barasat, New Town, Joka and Diamond Harbour will have better connectivity in a few years time and then the return on investment could be as much as thrice the price of the plot.

Pranab Malakar,

8th April 2014