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Huge Demand For New Town Flats For Sale
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People who are looking to buy affordable properties in India are looking to invest in property in Kolkata for sale. Although till now not many people believed that flats for sale in Kolkata could fetch good results and give good price appreciation. Even if one decided to put the flat for rent the rentals earned were dismissal. But New Town flats for sale are getting good response and customer attention. Since flat for rent are getting good rental many people are buying a property here in an attempt to put flat on rent to earn more income.
The city until a few years back did not house many corporate offices as a result there was not much job generation opportunity which seriously hampered the prospects of flats for sale in Kolkata as well as rentals earned by flat on rent. However in the last few years many well-known IT and financial companies have set up offices in the city this has led to a sporadic increase in demand of property in Kolkata for sale. Apart from capital values the rentals earned by flats for rent have also increased considerably in the last few years.
New Town flats for sale have garnered the maximum interest of the investors as the satellite city has a strategic location which is located close of commercial as well as office areas. There is also good infrastructure development in the region. There are talks of development of mono rail which will link the part of the city with all the other parts. As the operation of mono rail will start there will a huge demand for New Town flats for sale apart from this the rentals earned by flat on rent in the region will also increase significantly. Currently also the rents earned by flats for rent in the region are considerably higher when compared to flats on rent in other regions of the city. The reason for the same is good infrastructure available in the New town. Compared to other flats for sale in Kolkata living in New town offer much more comfort and convenience as the region is well developed and well-planned. Wide roads, open spaces, parks, good connectivity, good infrastructure, etc are some of the reasons why New town is scoring over other property in Kolkata for sale. However the government should take initative and develop infrastructure in other parts of the city so that the demand for other flats for sale in Kolkata also increases.
Makaan.com is prestigious property website that features all types of residential and commercial property in Kolkata for sale.
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