More Infra Needed To Promote Flats For Sale In Kolkata

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.

Affordability And Availability Boost Sales Of Flats In Barasat

Real estate in Kolkata is witnessing the rise in interest of realty developers in constructing affordable flats in Kolkata. Various land parcels in real estate in Kolkata have been acquired to develop affordable houses which attract the middle-class or the working class segment. One of the major areas witnessing movement in real estate Kolkata is Barasat which lies on the outskirts of the city. Property in Kolkata for sale in Barasat is garnering a lot of enquires as well as interest from the buyers and end-users. Since flats in Barasat fall in affordable and mid-income segment this property in Kolkata for sale is witnessing a stable demand in the last few months.

Availability of land and affordability are some of the factors that are attracting builders to construct flats in Kolkata outskirts. In the past few months the real estate in Kolkata has shown a considerable growth in demand, but since there is a huge supply of flats in Kolkata, there has not been much price appreciation till now. But still Barasat flats have been able to attract both buyers as well as developers. Many well-known builders are keen to develop or are already developing Barasat flats.

Since flats in real estate Kolkata periphery are not very expensive, end-users show interest in such projects which in turn attracts builders to construct more such projects. Flats in Barasat and projects on the city’s outskirts have turned the tables for real estate in Kolkata. More and more people are now willing to invest in real estate Kolkata in the low-cost housing segment. Nearly every month several developers launch their property in Kolkata for sale on the periphery of the city. It seems that the city has managed to gain the much needed momentum to revive its real estate sector which was not doing well since quiet some time.