I have investable amount of Rs.40-45 Lac for a 2 BHK or 3 BHK flat in Rajarhat. Want to invest in real estate in Rajarhat Kolkata. Need your advice and suggestion on where exactly to invest? Should I book with reputed builders (DLF or Unitech or Tata) or go with not so reputed like Siddha builders or local Kolkata builders?
I have a 750 Sq ft flat in Malad west Mumbai, I purchased that old flat in 2007 and that is on rent now. At present investment in Mumbai real estate has gone out of control. Even RE in far away place like Virar demands Rs.5500/- Sq. feet in Rushtomjee township in Virar. Near Inorbit Mall in Malad Rustomjee towers demands Rs15000/- per Sq feet rate. all are in obscene level in Mumbai and suberbs , i.e. beyond middle class capasity. I am of Calcutta for the last 14 years and no chance of returning there in the next 12-15 years. Objective of purchasing flat in Kolkata is purely on investment purpose. Investment appreciation on capital as well as rental income. Your valuable suggestions, thought, insight will be highly appreciated Thanks & Regards Babu