Demand For Luxury Flats In Kolkata Increases

Kolkata Property at Makaan.com

The real estate in Kolkata is witnessing a huge change in the house buying trend. The cultural capital was once looked as a place where one could purchase affordable properties. But now more and more people are looking to buy luxury flats in Kolkata over affordable Kolkata flats. The capital city of West Bengal houses numerous industries and it acts as a corporate and educational hub in the eastern region and so the demand for budget to mid-segment property at Kolkata has always been increasing. But now working people are showing keen interest in luxury Kolkata flats.

This change in the real estate in Kolkata can be attributed to increase in disposable income of a working couple. The buying power of people has increased as the pay scales have gone up in the past few years. Today people of Kolkata want to experience and enjoy luxury lifestyle. They are willing to show off their wealth and even developers are keen to capitalize this changing trend real estate and so they have started to launch luxury projects that are offering luxury flats in Kolkata.  

This change in Kolkata real estate is being welcome by industry players and real estate developers as they feel a new market segment has evolved in the real estate industry. But if one is planning to book quick profits in premium India properties a person will have to wait as he will have to hold a property for at least five to six years till they can earn a decent return of investment. Also investing in premium real estate in Kolkata also requires more funds. Since premium property in India are unsuitable for investment purpose as not many people show an interest to invest in the luxury sector and there is a sufficient supply of such properties in the Kolkata real estate market.