In India, real estate is considered the most profitable investment with guaranteed returns. From 2 or 3 BHK flats to luxury apartments, real estate companies in Kolkata are coming up with a wide range of housing projects. And this spurt of real estate developments by the top developers in Kolkata is attracting investors from the city and other parts of the country. Still not convinced? Here we give you five reasons for investing in real estate in Kolkata:
- Availability of Properties in centrally located areas
In the past three years, the real estate development in Kolkata has seen a growth of 30%. Residential structures by top real estate companies in Kolkata are coming up in posh localities such as Ballygunge, Part Street, and EM Bypass. Redevelopments have started these parts of the city, and now, both buyers and builders can get good properties in centrally located areas.
- Development of the suburbs
The city is continuously expanding. With improving infrastructure and connectivity, many top developers in Kolkata are moving to areas such as Rajarhat, Barasat, and Uttarpara. In the past few years, these areas have come under focus mainly due to the planned developmental activities and social infrastructure development taking place in these areas. With a wide gamut of options from leading real estate companies in Kolkata, these areas are attracting lots of investment.
- Affordable Property Prices
In terms of investment, compared to other metro cities such as Mumbai or New Delhi, Kolkata has always been a safe bet. Compared to other metros, Kolkata offers an affordable range of housing to all classes of people. Compared to the investment, returns are much promising in Kolkata. Moreover, the real estate market in Kolkata has always remained stable as this city is an end-user driven market. In other words, compared to supply, the demands of real estate is always high. However, this gap is covered as many top developers in Kolkata are coming up with many residential projects throughout prime locations in the city.
- The chances of Price Escalation
Properties in newly developed areas such as Rajarhat and Newtown have greater chances of price escalation. Due to such tremendous growth opportunities, demand for property in these parts of the city is also witnessing an increase. You can book property with a token money and then pay the remaining amount till your possession of the property. Within that period, the prices of the property increase and you can sell the property off in higher rates, even before you have paid the entire sum of the property you have bought. This is yet another reason why investing in property is remunerating in Kolkata.
The bottom line is, Kolkata has become a centre of real estate investment. And, the opportunities will be growing in the coming days as top real estate companies are investing in Kolkata. If you are planning to buy a property in Kolkata, you can check the properties by the Unimark Group. We have many completed and upcoming projects in and around the city. Check our projects at http://www.unimarkgroup.com/projects