Ongoing Residential Projects In Kolkata demanding progressively. Kolkata property markets have always been identified as the end-user one, investor
activities have started to gain ground in the city, of late. According to experts, it is DLF that has suddenly brought Kolkata in the attention of real estate investors.
Winning the tender floated by Kolkata Municipal Development Authority, the company recently bought 4,900 acre of land in Kolkata outskirts, at a whopping cost of
Rs 2,400 core. As much as 3,900 acre of land will be developed, under the project, for residential purposes while the rest will be utilized for building commercial
properties, sources inform.
Ongoing Properties In
Kolkata is commercially not as advanced as Bangalore, Mumbai or Delhi, and that's why you can not be assured of success of such ambitious projects.
This development in the real estate sector of Kolkata has triggered secondary residential districts of New Alipore, Moulali, Shah Road, Prince Anwar, Sealdah and
Kankurgachi. The capital values for residential properties have increased by 30-50 % in these areas in the past couple of years while the rentals have shot up by an
average of 15 % between 2005 and 2008. All these locations are located within the radius of 10 kms of the central residential area that encompasses Ballygunje, Alipore
and Hastings-areas where capital value of residential plots is as high as Rs 4,500 per sq. ft. The capital values for a 3,000 sq. ft apartment in Alipore are recorded
between Rs 1.50 and 2 cores. Similarly, the average rentals in the aforesaid locations are from Rs 25,000 to Rs 60,000 per month.
Commercial Projects Kolkata
real estate industry in the coming years looks promising with lots of foreign players looking to invest heavily in the sector.
Now that buying property in Kolkata prime has become impossible, peripheral locations at the eastern side of the city have also come up as potential alternatives.
Massive construction activities have been taking place at Eastern Metropolitan Bypass, Kasbah, New Rajerghat Township and Topsia. Capital values for apartments
are in the range of Rs 1,800 to Rs 2,400 per sq. ft in these locations. According to property consultants, investors can expect a moderate hike of 5-15 % on residential
property capital value, in the next 12 months.
http://firstkolkataproperties.com/ongoing-projects-in-kolkata-ongoing-construction-in-kolkata/ has also been increasing
over the years with people willing to fork out large sums of money for the privilege to own plush and luxurious properties with all the amenities in place. Construction
sites of residential projects are a common sight in the Indian cities today. Recently in metropolitan cities there has been reduced sale of high-end luxurious houses. To
counter this downward spiral of buying behavior, realty developers have pioneered the concept of affordable housing. While they develop premium residential
properties, they also introduce affordable homes for those with unlimited dreams and limited budget.
Ongoing Real Estate Projects In Kolkata would bring a unique identity to the
city, which at present is known for its poverty and poor infrastructure. Real estate at the city of palace-Kolkata is set to receive a one-of-its-kind residential property in
India. The super-premium twin towers will wear a look of a concept aircraft that will perhaps give a food for thought not only to real estate developers of India but
global aviation majors like Boeing and Airbus. This new ultra-modern residential property in Kolkata would bring a unique identity to the city, which at present is
known for its poverty and poor infrastructure, said Ramesh Lal, a senior real estate consultant based in the city. And such views do not seem to be exaggeration.
Engulfing the period of stagnation, the evolution of
Ongoing Properties In Kolkata has been phenomenal, impelled by, growing economy, conducive demographics and
liberalized foreign direct investment regime. This building at Gurusaday road will not just be a trend setter from the design point of view. It will be the tallest one in the
city with its 41-floors, way ahead than 35-story South City, 28-story Highland Park and Chatterjee International, which sports 24-storys. Ongoing Residential
Projects In Kolkata , not only cost less, but they also offer comfortable lifestyle and leisure amenities.
