Property today is considered to be the second best investment after gold. With investment options suited for all sorts of income groups property seems like a very lucrative investment. Kolkata has a number of residential as well as commercial projects coming up in the next few years which is predicted to create a significant impact in the real estate industry. While some people buy property as an investment with the intention of selling it off or renting it out, some others also buy it to live in the area in the future. Real estate is in a dynamic state in Kolkata and the next few years are said to be the best time for investments.
NRI Investments: Rajarhat in Kolkata has become the hotspot for investments made by NRIs. There are numerous luxury apartment projects coming up that include high rises, villas and bungalows and most of these include investments made by NRIs. Most of these families have a future plan of either returning to the country or look upon it as an extra source of income by renting their property out. Prices in Rajarhat is rational, the location is very convenient and ideal considering its proximity to the airport, hotels, education institutions and the IT hub – Sector V Salt Lake. The ambience and atmosphere along with added facilities of clubs and other amenities along within the residential premises makes it a lucrative choice for most NRIs who generally look for serenity and peaceful places to hang out.
Affordability of Property in Kolkata: Property for sale Kolkata comes at affordable prices in spite of being one of the major metropolitan cities. As compared to the other cities, Kolkata offers budget friendly housing catering to the needs of the low income groups starting from as low as 8lakhs as well as luxury residential projects for NRIs and high income group investors. As a result, Kolkata can be analysed as more of a mixed bag of investors accommodating all categories and classes of people. The availability of home loans taking into consideration families from the service class makes investments from all income groups viable. There are even tax benefits of about 1.5lakh per head per annum for those coming from the service classes.
Other locations for investment: Upcoming townships and projects around Behala, Garia and EM Bypass are equally in demand after Rajarhat. Areas around Garia have seen rapid expansion of real estate in the past 2-3 years and are yet to see more in the coming years. Southern Kolkata having good connectivity in terms of public transport is a viable option and taking into consideration social amenities, it is considered to be perfectly suited for middle income group families, whether it is for residential purposes or investment alone.
Online sources: Look for land for sale in Kolkata and upcoming residential projects in the city. Classifieds based websites offer a wide range of ads and online solutions, a great option for all buyers and sellers to meet and interact virtually.
NRI Investments: Rajarhat in Kolkata has become the hotspot for investments made by NRIs. There are numerous luxury apartment projects coming up that include high rises, villas and bungalows and most of these include investments made by NRIs. Most of these families have a future plan of either returning to the country or look upon it as an extra source of income by renting their property out. Prices in Rajarhat is rational, the location is very convenient and ideal considering its proximity to the airport, hotels, education institutions and the IT hub – Sector V Salt Lake. The ambience and atmosphere along with added facilities of clubs and other amenities along within the residential premises makes it a lucrative choice for most NRIs who generally look for serenity and peaceful places to hang out.
Affordability of Property in Kolkata: Property for sale Kolkata comes at affordable prices in spite of being one of the major metropolitan cities. As compared to the other cities, Kolkata offers budget friendly housing catering to the needs of the low income groups starting from as low as 8lakhs as well as luxury residential projects for NRIs and high income group investors. As a result, Kolkata can be analysed as more of a mixed bag of investors accommodating all categories and classes of people. The availability of home loans taking into consideration families from the service class makes investments from all income groups viable. There are even tax benefits of about 1.5lakh per head per annum for those coming from the service classes.
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| Eden Tolly Signature - Kolkata, West Bengal |
Online sources: Look for land for sale in Kolkata and upcoming residential projects in the city. Classifieds based websites offer a wide range of ads and online solutions, a great option for all buyers and sellers to meet and interact virtually.
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