Even though the Kolkata property market has been marked as the end-user one, the investment activities have initiated to gain the ground in the city, of the late. As per the experts, it is the DLF that has rapidly brought the Kolkata property market in the limelight of the real estate investors. |
The Kolkata Municipal Development Authority floated several tenders, and now the company has bought more than 4900 acres of land on the outskirts of Kolkata, which costed approximately Rs 2,400 crores. As much as 3900 acres of land is to be developed, under different projects include not only residential ones but also commercial properties. Such sort of development especially in the Kolkata’s real estate sector has really triggered various other secondary Shah Road, residential districts such as Kankurgachi, Sealdah Prince Anwar, Moulali and New Alipur. The capital worth of the residential areas has increased by 40 to 60 percent in these areas in the last a few years, whereas the rentals have also increased by an average rate of 15 percent between the year 2005 till now.
The capital value of all the residential area that is located within the radius of 10 kilometers of the central housing area encompasses Alipore, Hastings and Ballygunje areas with plots values of more than Rs 4500 per sq ft. The capital worth of apartment in Kolkata are on a rise. Likewise, the rentals have also increased in the aforementioned locations to a great extent.
The fact we all have to come across here is that buying property in Kolkata prime has nearly become impossible, the peripheral localities that are on the eastern side of the Kolkata city have also been utilized as a prospective alternative, Numerous construction and development activities have been taking place in the area. These activities have surely increased the capital worth of for the apartments in Kolkata, especially in these locations. The expert property dealers state that the investors will be able to anticipate a moderate hike in the residential areas capital worth as the time passes.
To stay up to date on the real estate Kolkata scenario, you can always browse through the World Wide Web. This way you will not only be able to acquire the latest and the best information on the Kolkata Real Estate, but also will be able to reach the agents within your locality without roaming around. All you need in this regard is a computer and a good Internet connection. Once you have it in your reach, you can get all the information you want on the Kolkata real estate right away!
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