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- Kolkata Real Estate Seen as Fundamentally Strong
Although Kolkata has lagged behind its fellow metropolitan cities of Delhi, Mumbai and Bangalore, the real estate markets of the city are termed as far more stable than them. The property values in Kolkata are not speculative and it is mostly the end user segment that drives the real estate markets here.
However, this nature of Kolkata real estate has duly caught the attention of investors. People intending to invest in properties find Kolkata market as fundamentally strong, says a property dealer.
Investors who want safe investments in real estate feel that investing in Kolkata Properties may not give enormous returns but then the risk of loss is also very low. Also, the property values in Kolkata are comparatively lower than other metropolitans. Be it the segment of commercial properties, residential real estate or retail outlets, both capital values and rentals are pretty less in comparison to the other big cities.
Given these reasons, the demand for investment property in Kolkata is rising year on year. The real estate developers also have caught the market nerves and now coming up with projects that are focused on investors. And the NRI segment is the hottest among all.
Recently, Rosedale Developers and Bengal Shrachi Housing Development launched ‘Rosedale Garden’, an integrated township targeted towards NRI customers and investors. The project would sell 2BHK, 3BHK and 4BHK apartments in the price range between Rs 50 lakh and Rs 1.5 crore.CommentQuote0Flag
- 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 ?CommentQuote0Flag
- kolkata or Bhubaneshwar?
kolkata was, but is no more a hot investment prospect....
however, there are possibilities of satellite towns coming up.
since all other metros have gone far ahead & r in a level of congestion, kolkata still has options to plan and develop the infrastructure to allure investors.
Again, lot of kolkata based real estate comp are investing in Bhubaneshwar...:pCommentQuote0Flag
- I think after the current mess with TATA nano project, there will be some apprehensions about the city in minds of investors for sure!CommentQuote0Flag
- While going through some of the popular old threads, I realised that all these posts were from 2007. I then tried to recollect why 2007?
Probably 2007-2008 period was the only time Bengal got some hope. Rajarhat was promising, Buddha was honestly trying to do something. I do not want to go into details of whether those were right or wrong, because we need time to realise that. Those decisions can not be analysed in a hot and emotional environment. I guess too many people already changed their mind about Singur ... and almost all will change if media really and honestly highlight that out of 400+ farmers only 15+ had issue.CommentQuote1Flag