Adya Fountain Exotica Review

Q: Hi, Is it the right decision to invest in Kamalgazi area. I want to purchase a flat in this locality for investment purpose. Please suggest. How is the project Fountain Exotica near EM Byepass?

Diptarishi dev, Kolkata

2nd September 2014

Residential Project Review in Adya Fountain Exotica, Garia, Kolkata

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Replies (3)

Hi,
Which areas can give maximum appreciation on real estate investment in Kolkata? Please mention the percentage of appreciation and in how much time one can expect the same?

Sajal Das, Kolkata

2nd September 2014

Comment

Hi Sajal,
Presently, the appreciation rate in Kolkata is 10-15% depending on the location and the property. The real estate scenario is almost the same after the political changes. You can expect for good appreciation with a time frame of 3-5 years.

Promit Dutta, Kolkata

17th September 2014

@Promit,
What is the current residential property rate is going on in this locality? Is there any good project for investment?

Subhajit Rao, Kolkata

17th September 2014

Hi Subhaji,
The current residential property rate in the locality is between Rs. 3150-4300/sq-ft. There are lot's of good project happening in the locality such as Sugam Sudhir by Sugam Griha Nirmaan, Prudent Prana by Prudent Infra. Uma Apartment by Biswas Realtor, City King by Dey Realty, Amar Bhuwan by Apni Dharti Developers, Sugam Serenity by Sugam Griha Nirmaan Ltd. etc.

Promit Dutta, Kolkata

17th September 2014

Hi,
Which local body has approved this project? Which are the banks issuing loan for this project? Is there any issue with the project or the possession date? Somebody told me that the possession date will be December'2015. Is it true? Kindly reply.

Subhajit Rao, Kolkata

2nd September 2014

Comment

Hi Subhajit,
Rajarhat Gopalpur Municipal has approved this project and HDFC, LIC Housing Fin. Ltd., SBI and ICICI are the leading home loan provider.
There is no legal dispute with the project but yes the possession date which you have mentioned is not correct and it will be June'2016.

Promit Dutta, Kolkata

2nd September 2014

Thanks Promit,
Is this the only project by the developer in Kolkata area? Can you give me the name of similar projects in the locality? Is it good to invest in East Kolkata locality for investment. Please advice?

Subhajit Rao, Kolkata

2nd September 2014

@Subhajit,
No, this developer has several projects in Kolkata area like Pearl Residency and Alipore Exotica.
Similar projects in the locality i.e. Garia are Sugam Sudhir-possession date 2017, Amar Bhuwan-2015 approx, UMA Apartments-2015 approx, Sugam Serenity-2017 approx, Exotica Heights-possession 2015 approx.

East Kolkata is definitely but the prices have already increased in these areas. For someone who has specific budget, Behala or Garia will be good options for them. Good appreciation in coming years.

Promit Dutta, Kolkata

2nd September 2014

Hi,
Yes, it is a good decision as all the daily basic necessities are on the door step. Connectivity is also good in the locality. New Town, Garia or Behala will be few good options. Presently, the appreciation rate in Kolkata is 10-15 % depending on the location and the property.
Adya Fountain Exotica situated at Kamlagaji, Garia offers 2/3/4 BHK residential apartments. 2BHK in 1075 sq-ft, 3BHK from 1523/1584/1652 sq-ft and 4BHK in 1959 sq-ft and the current price is Rs. 4200/sq-ft. It will cost around Rs. 45.19 lacs to 82.27 lacs + additional charges.

Promit Dutta, Kolkata

2nd September 2014

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