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New Kolkata Property-- The Real Estate Circumstances In Kolkata Plantation
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In the Indian government of West Bengal, the city of Kolkata (the third biggest city in the country) meanings as a most important hub intended for that part of India. Unadventurously a harbor town, it has been the centre for trade in the area since the 18th Century when it was created as a separate city from three nearby villages as well as becoming the incoming and outward-bound point for all skill and commercial action for the British East India Commercial. In contemporary times the city has been wealthy as well as has had several people that have reached the very top of their arenas - this includes Nobel laureates in arts and science. Clearly real estate here is highly prized.Residential Projects In Kolkata has taken a big leap in the past few years & is it the segment of commercial properties, housing real estate or retail outlets, both capital standards and subscriptions are pretty less in contrast to the other immense cities.
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 captains like Boeing and Airbus. 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.
New Residential Projects In Kolkata South have infused the once-jaded look of the city with swank residential apartments and commercial spaces with a bold message that Kolkata has truly arrived.
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.
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.
The total cost of the project, scheduled to be completed in the next three years, is estimated at Rs 300 crore. Apparently, the residential units are targeted towards higher-end segment, which have taste for luxury housing. New property in Kolkata is not very high priced mainly due to its age old culture and misrepresentation. Lately Kolkata Real Estate sector grabbed a high turn as many residential as well as commercial projects popped up. According to the official sources, buying a residential property in these towers would cost anywhere between Rs 4.5 crore and Rs 7-crore. Interestingly, the industry professionals don't find the cost too high at these levels. If you are getting a 10,000 square feet villa like apartment in an ultra-advanced residential building with all luxuries, you have to price, a property broker dealing in higher end properties in Kolkata. A section of industry professionals holds a contrary view. A section of industry professionals holds a contrary view. 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, they say, adding that such properties are not meant for end-users but for investors, who have knack for investing in real estate in Kolkata. If you are getting a 10,000 square feet villa like apartment in an ultra-advanced residential building with all luxuries, you have to price," said Uttam Banerjee, a property broker, dealing in higher end properties in Kolkata. 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, they say, adding that such properties are not meant for end-users but for investors, who have knack for investing in real estate in Kolkata.http://firstkolkataproperties.com/new-residential-projects-in-kolkata-new-construction-in-kolkata/
Any guesses for the most preferred location to invest in property? And if you thought Mumbai, then it's high time to get your information updated, for Kolkata's real estate business has got a new lease of life and is attracting investors both from the state and international areas. The West Bengal government has created a cross-subsidy model for Kolkata new residential projects, allowing them to make profits on high income housing provided middle income groups are sold flats at a no-profit, no-loss root, and to the lesser revenue groups at a lower than cost price.
Making a queue to invest in the resurged real estate of Kolkata are NRIs who are willing to buy property. Amongst the areas that top the buyers list is none other than EM Bypass. Fuelled by the emerging IT and BPO hubs a number of villa projects and housing complexes are slated to come up in this region.
Affordability is the key word for attracting the buyers. With the apartments being available for within a price range of Rs. 3800 to Rs. 4500 per sq ft, buyers are lining up to invest in properties of this high-rise area. With myriad real estate companies like Eden Group, Mani Group, Prasad Group, and D.C. Paul Group, realizing the potential have launched housing projects in this sector. Experts on real estate are of the opinion that it's the continued economic growth coupled with inadequate housing projects in prime locations has made EM Bypass the most coveted prime location when it comes to investing in housing properties. Majority of the demand for new residential project in Kolkata is attributed to the foray of international and domestic retail chains. With myriad real estate companies like Eden Group, Mani Group, Prasad Group, and D.C. Paul Group, realizing the potential have launched housing projects in this sector. Experts on real estate are of the opinion that it's the continued economic growth coupled with inadequate housing projects in prime locations has made EM Bypass the most coveted prime location when it comes to investing in housing properties.
South City promises to be a landmark as the New Residential Projects In Kolkata North like Emami, Sureka, Shrachi, JB and Merlin Group of companies have come together for 3 residential-commercial projects on Prince Anwar Shah Road, B.L. Shah Road, and Alipore. The main reason for the escalating demand is the increasing number of corporates choosing to stay back in Kolkata. With this location enjoying a close proximity with central Kolkata and Bengal's IT hub Salt Lake, is making this sector an ideal choice for the senior executives, who are willing to invest for both convenience and luxury.
With so much trendy in the real estate scenario of EM bypass is definitely making it India's most wanted real estate haunt. New Residential Projects In Kolkata prices in Kolkata are situated far more lucid as compared to other metros comparable Mumbai, Delhi, Bangalore or Hyderabad. The real estate in Kolkata stretches easy access to the area and the city which has many generous teams and accolades - not forgetting excellent stadia in which to watch these teams.
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