The real estate sector is booming in Kolkata, like other cities like Noida, Gurgaon and Bangalore. The boundaries of Kolkata are expanding and as more land is being brought into the tenets of the city, more is the number of residential projects going up. Rajarhat, Barasat, Madhyamgram, Garia and Sonarpur are some of the areas being targeted by construction companies for residential complexes.
These residential complexes are completely safe and provide every possible amenity to residents. The complexes are provided proper gates to keep the complex safe from intruders and security guards are posted at every entrance of the residential community. Generators have been installed to provide uninterrupted power to residents and fire alarms have been installed in corridors. Some residential communities also have CCTV cameras installed in the corridors to monitor visitors to the complex.
The residential communities have a lot of open spaces which residents can utilize for staying healthy and spending time with their families. Community halls are built so that residents can organize events and ceremonies there. Also, for fitness and recreation, gymnasiums and swimming pools are built. Some residential communities also have swings and slides so that children can play there.
These residential communities are usually developed in the form of 2BHK and 3BHK. The flats range between 700 sq. ft. and 1000sq ft. for 2BHKs and 1000 sq. ft. to 1500 sq. ft. for 3BHKs. When the complexes start developing, per square feet price is very low, around Rs 1500-2000. However, as the complex develops and word spreads about the amenities, per square feet cost starts rising. Somewhere near the time of completion, per square feet prices become around Rs 3000-Rs 3500. This attracts investors as the return is almost 100%.
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Purchase of real estate in these areas is not only for the purpose of investment, but it is also for the purpose of living. Many people, who work in the IT sector in Salt Lake and Rajarhat, buy apartments in these areas because it is close to work.
The only problem with these areas is that connectivity to the rest of the city is not very well developed. However, this barely stands to be an issue because everything that a person needs to stay comfortably is made available in these areas- banks, schools, hospitals, areas of entertainment etc. There are a couple of malls in the areas that residents can visit to buy items that they need every day, watch movies at, eat out at etc. Good schools have also come up in the area. However, it would be better for residents to own a car because it would be difficult for one to travel to the heart of the city as public transport is quite infrequent. Parking spaces are available within the residential communities and each apartment is allotted parking space for one car.
If you want to buy an apartment in Kolkata, then you can look up real estate classifieds online. You can add a location filter and find advertisements of real estate that are suitable for you.
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