Hello everyone, its nice to find such proactive and intuitive blogs and opinions on Kolkata RE, especially for people who are out of touch with kolkata RE ambience.
I have been doing some research of my own for a good property but as most of kolkatatians am confused on the state of affairs.
Perfectly good locality (central, bypass & south kolkata before garia) are out of reach for working professionals (except NRIs) , north kolkata till airport, belgoria are gud for end user but i feel have less appreciation potential. And since i am from madhyamgram and have a home there, no point in going for birati, sodepur, barasat triangle.
So logically narrowing my horizon to newtown, rajarhat for after 5-10 yr+ settlement and without burning a hole in my pocket in my late twenties.
From my point of view i believe investing in gud projects at inception or soft launch with reputed builders can be gud for value capturing. Some gud projects which i missed out on are Eco-Rishi, Ideal Aqua view,Bellagio etc and some co-op societities ( though i m not certain about these co op generics looking fr a 10+ yr settlement).
Coming to the point , i have recently was going through a project by a developer frnd and the project is rainforest( around 2 kms inside after rajarhat chowmatha on main road). Location was immediate turnoff inspite of project size 50 bighas(G+11,g+16,G+24 with commercial plans also). the only hope is dat if some link from akankha moore / synthesis building near eco park/ proposed rajarhat expressway springs up to connect to rajarhat main road which we all know is very subjective. Now da teaser is the rate , for an investor option ( which benefits me personally) dwn payment~ 60% before launch+ 40% after (negotiable coz of frnd developer) less than 2k/sq ft u get in any on G+11 towers (proposed G+16, G+22 phasewise). For a 1500 sq ft with all amentities u barely pay 30 lacs (all inclusive). I have gone around dat area twice though roads are bad and its only village fields, big projects are coming up like anything (Vishveswara, mounthill fusion , etc ).Now is there something dat we consumers dont know or is it a pure gamble investing in such areas???????