The Kolkata real estate market- A thorough analysis

Investment in Kolkata real estate is constantly on the rise. A survey by the Economic Times reported an 11% growth in the last year. Kolkata infact owns one of the largest real estate markets, standing out among major market holders like Gurgaon, Noida and Mumbai. Kolkata property market is largely dominated by the residential units. Also, what makes Kolkata the most demanding place to look for properties for sale in Kolkata is its extreme affordable graph, beauty and budget integrated all in one.

Affordability is never a barrier when it comes to investing in properties in Kolkata.

There is a scarcity of land in the country proper for development and constructions while buyers do not prefer going to the farther areas in search of their property for sale in Kolkata. However, considering the graph of real estate market in Kolkata, it has always been consistent enough, making the contributors in the realty sectors invest here from time to time, knowing that the market is always in demand.

The real estate has a healthy market for properties for sale in Kolkata. With the multiple new residential projects in North Kolkata and upcoming projects in the Southern part, Kolkata has taken over a major portion of real estate market- be it on properties for sale or on properties for rent. There are also various low budget flats and cheap apartments in Kolkata.

The East-West Metro, proposed Government projects, IT sectors, has made Kolkata a much preferred choice in real estate. Start-ups are growing more and more in the city leading to a steady rise in the Kolkata economy. Government support always acts as a bonus for people wanting to invest in real estate, and Kolkata has it thoroughly. The announcement by RBI on the unchanged repo rate at 4% and the reverse repo rate at 3.5% relieves the risk and acts as a massive boost for investing in Kolkata properties.

South Kolkata in proper boasts of exorbitant property rates as compared to the other areas. The key areas towards the south including Gariahat, Jodhpur Park, EM Bypass, has a price range of approximately 2400-3500 per sq ft while localities of the North like Dum Dum, VIP road offer a proper price within 3000-8000 per sq ft.

The real estate market in Kolkata offers properties for sale in Kolkata for mostly 1, 2 and 3 bhk apartments. Furthermore, furnished apartmentsa are also available in Kolkata at a slightly higher range than the regular ones, as is worth it. The developers at Kolkata are now following the metropolitan trend and thus is also propering properties that are pre-equipped with modular kitchens, air condition and so on.