Kolkata Real Estate Sees A Stagnant Phase

Real estate in Kolkata has been stagnant for quite some time this can be attributed to several factors. Firstly there are no employment opportunities for the young and therefore most of the young people prefer to shift out of the city. This worrying scenario has led to stagnation in real estate in Kolkata  and reduction in rental prices.

Residential as well as commercial Kolkata properties have simply no takers. Due to unfavorable government and labour policies not many corporates are willing to shift to the city. Even though the city has a huge talent pool MNC's are unwilling to open an office in real estate at Kolkata. Most of the new constructions which were offering flats in Kolkata have also slowed down their work due to lack of demand. Real estate at Kolkata is witnessing rise in unsold inventor. It seems that almost nobody is interested to buy flats in Kolkata. 

Also there are almost no infrastructure projects coming up in the city. Metro rail work too is going on in a painstakingly slow space. Although Kolkata is called the cultural capital of India the real state of Kolkata is seeing a bad phase. Roads in the city are in a pretty bad shape, frequent traffic jams and clogged roads has made life hell for commuters. Poor infrastructure facilities and lack of initiatives by government to improve the situation has also worsened the scenario for Kolkata properties. The government does not take a keen interest to improve the opportunities offered to the youth then Kolkata will see unabated population immigration. Although the capital city of West Bengal does house many industrial units but better facilities should be offered to corporates which will incite them to open more offices in the city. Only continuous efforts from the state government can help to improve the situation in Kolkata.

Looking For An Affordable Property In Ncr? Head Towards Faridabad

If you are looking to buy an affordable property in NCR then you must head towards Faridabad. In this satellite city of Delhi one can still buy an affordable property. Faridabad offers easy accessibility to both Delhi, Noida, Greater Noida as well as Gurgaon. With the development of Faridabad-Gurgaon highway traveling between the cities has become much more simpler.  The city of Faridabad also houses reputed school, colleges and educational hubs. All these factors make Faridabad an attractive investment option, buying a property in Faridabad can therefore reap lucrative results.

Many renowned builders are offering affordable mid-segment property in Faridabad. Many integrated societies that are offering world-class facilities are being developed in the city. Buying a property in Faridabad can prove to be a wise investment decision as affordable properties means affordable EMI's. People who are paying high rents in various other satellite cities of Delhi can choose to buy a property in Faridabad and pay an affordable EMI instead of paying rent. The city is encircled  by New Delhi in North, Noida in North East, Greater Noida in East and Gurgaon in West. Therefore people living in a Faridabad property can easily accessible various parts of National Capital Region.

Not interested to buy a property? Taking a Faridabad property for sale and on rent is also an economical option. Rentals in the city too don't pinch the pocket. The city offers an affordable real estate solution to all those who are not interested to pay high rents and to the people who are interested to buy a affordable property in NCR.  Soon the Delhi metro will be launched in Faridabad and the Faridabad property prices will see a huge appreciation due to improved connectivity. It is therefore advisable to buy a property in Faridabad while it is still affordable and within reach.

Mumbai and Its Problems

Mumbai real estate is termed as one of the most expensive real estate markets across the world. Mumbai real estate is always in demand due to lack of space and unabated population migration. Lack of space has also led to increase price in rental as well as residential properties in Mumbai. Although Mumbai does not face electricity or water supply shortage, the city is plagued with several other problems.

Traffic management is extremely poor in the city. It often takes one hours to reach a destination that is just a few kilometers away. Roads have potholes which makes traveling a task in itself. During rains the situation becomes worse as the drains get clogged and the city comes to a standstill. Almost every year Mumbai witnesses a day when the city is shut down due to incessant downpour. 

Although Mumbai local trains are considered as the lifeline of the city, traveling in local trains during peak time is almost impossible. Even the first class compartments are no better. Even during non-peak hours traveling in local train is nothing less than a nightmare as people throng a train as soon as it arrives on the station.

Properties in Navi Mumbai has thrived inspite of all these limitations partly due to lack of space and partly because it is a land of opportunities and employment. The city is a dream destination for many. Many people who want to achieve something in life, come to the city to fulfill their dreams, little they realize that living in Mumbai is not easy. One has to constantly rush and run to earn their living. Cost of living is also too high in Mumbai and owning a piece of land in real estate Mumbai is just out of question. Mumbai being the financial hub of India should also scale up its infrastructural facilities that match it prowess.

Residential Properties in Navi Mumbai

Earlier, Navi Mumbai properties were bought by all those who could afford a property in Mumbai. The satellite city of Mumbai was developed in order to handle population migration. Navi Mumbai property was the saving grace for any seeker planning to buy a property in the financial hub of India. But like any other area Navi Mumbai too have seen a steep rise in property prices in the last few years.

Renewed interest from NRI's, development of infrastructure, broad roads, has attracted several people to shift their commercial properties to Navi Mumbai. Navi Mumbai properties for sale are available for much lower rentals and therefore several corporate companies are keen to shift to the city. Many people who had invested in Navi Mumbai properties some years ago have reaped huge benefits. Some people have also seen a double digit ROI. Some people had also invested in Navi Mumbai property to get a decent rental income. But with inflation and lack of space in Mumbai- Navi Mumbai is also witnessing lack of real estate space, which means the prices of Navi Mumbai property have escalated.  

Real estate investors are displaying a keen interest to invest in commercial and residential Navi Mumbai properties as the satellite city of Mumbai is witnessing some confounding developments such as development of IT parks, up-coming spacious knowledge hubs, Exhibition and Convention Centre, announcement of Navi Mumbai International Airport, SEZ, etc. Already this city is considered as a center for the steel market.

Property in Navi Mumbai attracts many as several people who are not able to buy a property in Mumbai are able to buy spacious property in the city. In the satellite city of Mumbai one can find properties in Navi Mumbai that fit into everyone's budget. From premium properties in Navi Mumbai to mid-segment housing; every person will be able to search for a suitable Navi Mumbai property for himself

Campa Cola Residents Hoping For Relief

Most of the occupants of residential properties in Mumbai in Campa Cola complex are looking to return to their homes. A few months back the people living in these properties in Mumbai were forced to vacate their home after Brihanmumbai Municipal Corporation (BMC) had started the demolition proceedings. currently people are waiting for the BMC to file a reply to their plea in the Supreme Court.

People had moved out of illegal residential properties in Mumbai after BMC had removed gas, water and electricity connection from illegal residential properties in Mumbai. Most of the people had vacated the flats and had taken a flat on rent or shifted with their families and friends. But now most of the people are planning to return to the complex. The residents have now filed a appeal with the honorable Supreme Court (SC), asking about the details of the case. They want to know why the BMC has still not found a solution to their problem. The SC had asked the civic body to evolve a solution.

The civic authority has always maintained that there can be no amicable solution to this particular issue. The civic authority was given two weeks by the honorable SC to file its reply. In the next hearing which was held on 1st September 2014, the civic authority had requested more time from the apex court. They have sought another four weeks to file a reply. The deadline given to BMC is about to end and hence people are keen to move back to their Indian properties in Mumbai.

People are trying to buy gas cylinders for cooking, use emergency light and torches during the dark and buying water from nearby slums to meet their daily basic requirements. All that these people can hope for is a quick solution offered by the BMC.