Affordability factor is attracting many people to invest in property in Kolkata for sale. Many people are looking to buy flats for sale in Kolkata so that they can put flat on rent. Many investors are attracted towards buying New Town flats for sale as flat for rent command a very high rental income. According to real estate experts people are now looking at an affordable market to invest in as the cities like Delhi, Mumbai, etc. have not give price appreciation according to expectations.
Earlier people who wanted to put flat on rent refrained from investing in property in Kolkata for sale as the city's properties did not give good rental yield. Sometimes flat for rent used to earn just a few hundred per month and the owner of properties had to shell out much more for paying property tax to the government. This caused many investors to stay away from buying flats for sale in Kolkata.
However the whole scene changed as New Town flats for sale came into the picture. The New Town flats for sale not only gave good price appreciation but the flat on rent also managed to earn good rentals. As a result all the people looking to buy a property in Kolkata for sale so that they can put flat for rent turned their attention towards New Town flats for sale. The flats for sale in Kolkata in New Town also got more attention after it was proposed that the satellite city be transformed into a smart city. Overall the city lacks infra development which could spark investor’s interest in the market. Areas which have good infrastructure like New Town have seen good investment. The state government should look into developing other parts of the city to promote sales prospects of flats for sale in Kolkata.
Earlier people who wanted to put flat on rent refrained from investing in property in Kolkata for sale as the city's properties did not give good rental yield. Sometimes flat for rent used to earn just a few hundred per month and the owner of properties had to shell out much more for paying property tax to the government. This caused many investors to stay away from buying flats for sale in Kolkata.
However the whole scene changed as New Town flats for sale came into the picture. The New Town flats for sale not only gave good price appreciation but the flat on rent also managed to earn good rentals. As a result all the people looking to buy a property in Kolkata for sale so that they can put flat for rent turned their attention towards New Town flats for sale. The flats for sale in Kolkata in New Town also got more attention after it was proposed that the satellite city be transformed into a smart city. Overall the city lacks infra development which could spark investor’s interest in the market. Areas which have good infrastructure like New Town have seen good investment. The state government should look into developing other parts of the city to promote sales prospects of flats for sale in Kolkata.
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