Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post - Kolkata has all the ingredients for high growth

dipchakrabarty · 01-01-08

I think that the Kolkata real estate scenario is really over hyped.

Compared to the volume of influx of IT and other MNCs in cities like Hyderabad, Bangalore, Gurgaon how many have gone into Kolkata - very few.

But when you look at the price tags you will find figures in these cities to be comparable to Kolkata's. Why is this happening ? Kolkata is or was never a front runner in this sort of high profile industrialization compared to these metros.

Rajarhat is the new township which is the center of all these 'development' is still far far from being even 'livably' ready - and look at the prices (40 lakhs and on wards for a decent 3 BHK unit) - don't you think its a bit ridiculous ?

01-01-08	#3
dipchakrabarty New Member Join Date: Jan 2008 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	Kolkata Real Estate I think that the Kolkata real estate scenario is really over hyped. Compared to the volume of influx of IT and other MNCs in cities like Hyderabad, Bangalore, Gurgaon how many have gone into Kolkata - very few. But when you look at the price tags you will find figures in these cities to be comparable to Kolkata's. Why is this happening ? Kolkata is or was never a front runner in this sort of high profile industrialization compared to these metros. Rajarhat is the new township which is the center of all these 'development' is still far far from being even 'livably' ready - and look at the prices (40 lakhs and on wards for a decent 3 BHK unit) - don't you think its a bit ridiculous ?