Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - Do you think Calcutta real estate is overpriced?

dipchakrabarty · 22-01-11

Kolkata properties are definitely overpriced.

Consider a single building in Garia with 20+ floors costing 45 lakhs, or a 8 floor concrete structure with some holes in it called flats, on RB connector asking 46 lakhs - Absolutely Rubbish !

Even I don't find the South City complex any attractive to be priced at what they are as such - but you know when it comes to pomp and show and keeping up with the Joneses sort of mentality, we Indians are always one step ahead.

Actually somebody in this forum has pointed out accurately that it's a vehicle to convert Black money to White. Therefore it's a very convenient companion for the (mostly unscrupulous) business class to use this as an investment for the future.

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22-01-11	#3
dipchakrabarty New Member Join Date: Jan 2008 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	Kolkata properties are definitely overpriced. Consider a single building in Garia with 20+ floors costing 45 lakhs, or a 8 floor concrete structure with some holes in it called flats, on RB connector asking 46 lakhs - Absolutely Rubbish ! Even I don't find the South City complex any attractive to be priced at what they are as such - but you know when it comes to pomp and show and keeping up with the Joneses sort of mentality, we Indians are always one step ahead. Actually somebody in this forum has pointed out accurately that it's a vehicle to convert Black money to White. Therefore it's a very convenient companion for the (mostly unscrupulous) business class to use this as an investment for the future. -- Last edited by dipchakrabarty; 22-01-11 at 01:28 AM.