Compared to other metropolises, the cost of an apartment is not that high. However, with an expansion in the housing facilities and growth in job opportunities, real estate prices are fast catching up with those of other cities. Areas such as Rajarhat, Madhyamgram, and Barrackpore etc. have new residential communities that are being developed. These residential communities have a lot of open spaces in them along with community halls, swimming pools, gymnasium etc. The apartments are made aesthetically and they are made in consultation with Vaastu tenets.
Most people in Kolkata are buying apartments not just for living but also as investment purposes. NRIs are buying apartments in New Town-Rajarhat at a very low cost and then selling them off when the price is rising. For example, they are booking apartments when per square feet cost of the apartment is around Rs 1600 or so. When the price is rising to Rs 3000 per sq. ft. the owners are selling off the apartment to earn a profit. With an improvement in infrastructure such as roads, water and electricity supply, the cost of apartments are also rising. Moreover, Rajarhat is set to be the new industrial area in Kolkata. The IT and BFSI sector is entirely located here and India’s second financial hub has come up here. Due to proximity to offices, the cost of apartments is rising.
If you want to buy an apartment in Kolkata for the purpose of investment, then you should consider the location and facilities on offer. Buy an apartment which is right next to a main road so that transportation from the apartment is not an issue. Make sure that the apartment is well equipped with electricity and water supply. You should also check the construction and floor plan of the apartment before buying it. There is no point in buying an apartment with a shoddy floor plan and facilities because you will neither be able to live in it not sell it off to someone else. Be in touch with the builder at all times to communicate the ideas that you have for your apartment.
Most areas in Kolkata have been proposed to be connected by the Kolkata Metro. It would be advisable to buy an apartment near a proposed metro station as this will fetch you a lot of money. If you do not want to buy house flats for sale in Kolkata Rajarhat, then you can look for other options in Sonarpur, Narendrapur, and Maheshtala etc. These places are also seeing construction of high rises in the form of residential communities. The cost of apartments at these residential communities is much higher compared to apartments in stand also buildings. However, these apartments offer residents with a lot of facilities. Some even have departmental stores built into the complexes. Hence, you will not have to go out of your apartment on any pretext.
You can find the best apartment for yourself by browsing through websites dedicated to online classifieds for apartments for sale ads in Kolkata. You can add a location filter to find the best apartments for you.
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