Need Suggestion for investment in kolkata south

Q: Hello Expert,

I want to invest in Pather Panchali

Garia, Kolkata a project by Team torus and The County a project by Team torus .

The booking price is 2000/sqft.

Is it right investment?

How much can i expect in down line the time

Thanks
Mahesh

Mahesh Agarwal,

16th September 2014

Investment Advice in Kolkata

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kolkata real estate

investment advice in kolkata

investment advice in south kolkata

investment in joka, kolkata

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Replies (4)

@ Priya
I would like to suggest you ready to move project if you are a first-time buyer. In this, you can evaluate project construction quality and society development.Ready to move properties in the affordable and mid-income housing category is high in localities like Narendrapur, Behala, Garia and Maheshtala so you can consider this locality for your investment.

Alokesh, Kolkata

28th August 2015

Comment

I really agree with your viewpoint and area like Narendrapur, Behala, Garia and Maheshtala are fast developing localities of the city. Apart from Garia, metro service is still to reach other areas and the general mode of commute includes buses, trams and taxis.The presence of metro along with other public transport services offer connectivity to work places easy.

Anil Debnath, Kolkata

28th August 2015

If you are looking to buy property in Kolkata, this might be the right time, as most of the developers in the city are currently focusing on completing their existing projects, instead of launching new ones. Localities such as Ballygunge, Alipore, Tollygunge, Narendrapur, Behala, Garia, Maheshtala and areas along the EM Bypass has maximum supply.

Anil Debnath, Kolkata

28th August 2015

Comment

Hi Anil,I would like to hear your opinions about investment in south Kolkata's. Do you think ready to move is the better investment advice then under construct project?

Priya Gupta, Kolkata

28th August 2015

Ready to occupy properties in South Kolkata are mostly available in the price range of Rs 25-40 lakh. Most of these properties are being made available by city-based developers, however, few renowned developers such as Ashiana Housing and Salapuria Sattva also offer properties in this budget.

Anil Debnath, Kolkata

28th August 2015

Pather Panchali by Team Taurus Group offers 2/3 BHK residential apartments located at Boral, Kolkata. 2BHK from 1024-1179 sq-ft and 3BHK from 1108-1412 sq-ft. Current price per sq-ft is Rs. 2800. It will cost around Rs. 28.67 lacs to 33 lacs for 2BHK and Rs. 31 lacs to 39.5 lacs for 3BHK + registration charges. This project is approved by Indiabulls. So, if you are getting it in Rs.2000/sq-ft will be a really a good deal for you.

Alokesh, Kolkata

17th September 2014

Comment

Another project which you have mentioned is The county by Team Taurus situated at Pailan, Kolkata offers 2/3 BHK residential apartments. Area of 2BHK from 700-725 sq-ft and 3BHK from 1014-2000 sq-ft. Current price is Rs. 2700/sq-ft. It will cost around Rs. 18.90 lacs-19.57 lacs for 2BHK and Rs. 27.37 lacs-32.40 lacs for 3BHK+registration charges. Both the project have their possession in December, 2017.

Alokesh, Kolkata

17th September 2014

Hi,
Since its for investment and not for immediate end use, you better look for under construction property. From this perspective Siddha Sphere looks good, location is also near the New Town connector. Under construction property would be much better in terms of investment. But you didn't mentioned your budget, it will help me to choose the right one in the right location.

Alokesh, Kolkata

17th September 2014

Comment

@Alokesh,
As of now, Rajarhat is emerging as a job market, more housing demand is coming into this area. The credit for the popularity of Rajarhat goes to the availability of basic infrastructure, proximity to the IT hub of Sector V and the upcoming metro project. The capital values of apartments in the area range from Rs 3100-4000/sq-ft. A 2BHK apartment, which is also the most supplied unit in the locality, is priced between Rs 20-40 lakhs. However, it may vary depending upon the location and brand of the developer.

Rajarshi Gupta, Kolkata

17th September 2014

@Mahesh,
Both Sonarpur and Joka fall in the outskirts of the city. The capital values of apartments are almost similar with 2BHK available in the range of Rs 20 to 30 lakh and 3BHK priced between Rs 30 and 40 lakh. Both areas are still developing in terms of social and physical infrastructure, so if you are looking to live take a horizon of 3 to 5 years. Sonarpur gets its road connectivity from EM Bypass while Joka is connected through Diamond Harbor Road.

Sajal Das, Kolkata

17th September 2014