Real Estate Website Tout Flat In Kolkata As Attractive Investment Proposition

Several real estate website indicate that one should invest in a flat in Kolkata to reap good benefits. Property sites show that the rates of flats in Kolkata depend upon design, location, amenities, number of rooms, connectivity as well as facilities. Real estate website show that there is a particularly high demand for flat in Kolkata in areas like Park Street, Belvedere, New Town, Southern Avenue, Rajarhat, Lower Circular Road, Kakaurgachi, Lake Town, Ballygunge and Salt Lake. Many first time buyers are also keen of investing here due to attractive property prices. Lowering of lending rates by banks has also added cherry on top of the cake as buying a flat in Kolkata is now more attractive than ever.

Property sites highlight that the upcoming areas in the city where one should buy a flat in Kolkata are Keshtopur, Jessore Road, EM Bypass, Baguihati, Behala, etc. People are now looking to buy flats in Kolkata as they are available at a much reasonable prices than other metro cities like Mumbai and Delhi. Lower buying price of flats in Kolkata translates into higher ROI. Property sites till now had advised people against investing in flats in Kolkata due` to poor development rate and stagnant property prices.

However, recently the property prices of flats in Kolkata saw a steep hike. Looking at this several real estate website is now advising people to invest in the city of Joy. Property investors are also touting the capital city of West Bengal as the most sought after destination for real estate investment. Investing in the property destinations like Kolkata and other affordable cities of India is a lucrative decision as they can easily get huge and extremely attractive returns in future. Recently a real estate website has also touted flat in Kolkata as a rewarding investment proposition.

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.

The Rates of 4 BHK Residential Kolkata Properties

Real Estate in Kolkata at Makaan.com

Following the footsteps of other metros, Kolkata too has witnessed burgeoning of its real estate in Kolkata in past decade. But unlike Delhi, Gurgaon, and Mumbai, the rates of residential properties have not skyrocketed here. Buying a living space is still affordable. Though there are some localities where the prices seem to have gone through roof, but most parts of the city carry far lower rates than in other cities. We are going to have a glimpse of a 4 BHK property in different parts of the city.

A four-room flat in Central Kolkata generally comes in crore and above range. If you intend to buy such a house in Tangra, EM Bypass, Moulali, and Entally, the 4 BHK Kolkata properties come in a 1.5-2 crore range. At Topsia and Ballygunj, the rates are higher. For instance, such a flat would cost higher. Over Topsia, it can cost you around 2.8 crore, while at Ballygunj, the prices can be too high: as far as 6 crore!!.

North Kolkata is a relatively cheaper area. The four-room apartments here are available at prices as low as 25 lacs. Properties in Kolkata at Baguiati, Kaikali, Dunlop, Bangur,  and BT Road are available for purchasing in 25-60 lacs. Indeed a low value if compared to 4 BHKS at Salt Lake, Phool Bagan, Jessore Road, Rajrahat, Beliaghata, Lake Town, and Khanna, where you are required to pay price not less than a crore. Kankurgachi and Ulta Ganja are the prime localities of North Kolkata, and accordingly, they carry hefty rates.

Now, draw your attention towards South Kolkata. Most of its localities offer four-room house in crore bracket. A few popular names are Bhawanipur, Ballygunj, Tollygunge, Jodh Park, Alipore, Gariahat, and Hazra. Over Santoshpur and Garia, the purchasers can find far more affordable rates. Towards West, one can look for Diamond Harbor Road and Rajarhat New Town localities.


Makaan.com is a property portal that featureless commercial and residential properties in Kolkata, to buy, sell, and rent.