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Factors of the Realty Market of Kolkata

By Vinay Jain Subscribe to RSS | June 20th 2012 | Views:


Once the capital at the time of the colonial rule, it absolutely was thought of the gateway to India by the British. Now a days Kolkata is really a home for quite fifteen million people. Additionally to being the cultural hub of our country, Kolkata is additionally attracting consumers by providing smart job opportunities and residential property in Kolkata at cheap rates. People are coming back here to figure that has created an enormous demand for residential property in Kolkata. Therefore the real estate market of Kolkata is abuzz with activity nowadays.

Buying property in Kolkata isn't any a lot of a problem as several new residential property have return up where one will find the flats at both cheap and expensive rates. Realty in north Kolkata is cheaper than south Kolkata. North Kolkata is extremely populated and people living here for many years don't wish to depart this place. On the contrary south Kolkata is well equipped in terms of infrastructure.


The large chunk of Kolkata’s middle category and higher middle category lives in South Kolkata. Thus the rates of the residential property in Kolkata south are rather more expensive than the remainder of Kolkata. The rates within the region fall among the brackets of INR 2400 to INR 3500 psf, areas like E M Bypass, Ballygunge, Gariahat and Jodhpur Park are among the highest most localities of South Kolkata.

Though the costs of property in Kolkata are increasing with each passing day one cannot do an excessive amount of crystal ball gazing concerning the real estate in Kolkata. There are a varied vary of flats offered in Kolkata; a number of them are studio residences, 1, 2 and 3 bedroom residences, the rates additionally vary accordingly. Someone who needs to remain alone and doesn't wish to speculate a lot of on a home will live in studio residences. 1–3 bedroom flats are offered in Kolkata. Betting on one’s spending capability one will choose from the wide selection of one and three bedroom flats. The value of a 3 BHK within the space would be INR sixteen lakh to seventy lakh for two and three bedroom house respectively, meanwhile in North Kolkata the rates are going to be twenty lakh to forty five lakh for two and three bedroom respectively.

In case one needs to rent a house in North Kolkata, the rentals begin from INR 12000, 14000 and 70000 for two, three and four BHK respectively, meanwhile in South Kolkata not many homes are offered for rent as lots of latest construction is going down here.

So anybody getting to settle in Kolkata currently is aware of that this can be the most effective place to try so, as a result of as we tend to all recognize Kolkata is home for people from all walks of life and realty here is simply carrying forward this tradition.

There are sizable quantity of project are happening for the event of property in Kolkata. These comes are steadily widened throughout the zones of the city like East, West, Central, North, South and others. By making an attempt the demand of the residential property in Kolkata for rent, the varied property developers are currently focusing within the rental property market. One gets the apartment on rent in Kolkata in premium locality below the budget of Rs. 30000. And conjointly gets the pg for girls in Kolkata in Rs 6000. If you are longing for the budget flat on rent in Kolkata it's going to worth you around Rs. 8500.

Vinay Jain - About Author:
PropTiger is an independent real estate advisor with a pan-India presence. We aspire to be your first port of call if you want to buy a property in Kolkata.

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