Investing in Property in Kolkata
Real Estate slowdown has become a concern of property investors. However, Kolkata – The City of Joy, has kept up pace and is still attracting investors. With commercial development in Kolkata, and areas like Chowringhee road, Park Street and Camac Street, becoming the IT and ITeS centers, the Kolkata real estate market has sustained momentum. There has been definite growth in the incoming industries in the city.
Today we see Kolkata, in a new avatar with sprawling hotels, retail malls and commercial and residential complexes to support the upward demand. The Govt. Support through SEZs, IT Parks have also contributed to the growth witnessed by the city today.
If you are looking to invest or buy a property in Kolkata, here are some of the upcoming projects in the city.
May Fair Greens: Luxury apartments available in 3bedroom or 4 bedroom range. IT comes along with various facilities like Gymnasium, Kids play room, Pool room, Carom, chess, dart and table tennis, Swimming pool, Library, Club lounge, Children's park, AC community hall, Lush green lung space, 24 hour water supply and 24 hour power supply. So most of your common day needs get solved with the immense facilities available at the May Fair Greens.
Heritage Realty – Heritage Srijan Park: In Kolkata's hay days during the Raj, it was hailed as the city of palaces. Palatial mansion overlooking exquisite gardens formed the backdrop. Those who had taste, to them life of grandeur came naturally. The times have changed. But the desire for good-living has not. Now, here is an opportunity to realize your dreams. Open up to lavish homes called Heritage Srijan Park-tucked away in a premium locality of Park Circus. Its central location offers several amenities to keep you in plush comforts. In the complex of 187 cottahs, Out of which 9000 sq.ft. will be kept for landscaped garden. Take a walk on the pathways lined with flower beds. Inhale the fragrance of seasonal flowers. And enjoy the pleasant ambience of luxury.
Sunrise Symphony: If music makes for better living – play on. Surrender to the harmony of life at Sunrise Symphony. The lush landscaped surroundings, design detail, space and facilities come together to form a melodious whole that makes sunrise symphony (g + 18) an experience of harmonious living. The amenities: Large air conditioned multipurpose hall cum badminton court, open air stage facing central landscaped lawn and garden, infinity edge swimming pool on landscaped plaza on first floor level, kids' pool, lounge cum library, home theater room, gymnasium, yoga room , toddlers' play room, cards room, indoor games room / billiard room, guest rooms with attached toilets, provision store, doctor's chamber, electronic surveillance, ample car parking space, adequate numbers of high speed elevators with provision for stretcher-cum-goods elevators in each tower, centralized gas bank at extra cost, generator for power backup at extra cost.
Pansari group- Purti Flowers –
Coming up at Maheshtala, Purti Flowers is one of most recent example of real estate development happening in the City of Joy … Kolkata. Developed by Pansari Group, who have made a mark in the field of real estate with prestigious projects like Purti Utsav and Purti Seasons, Purti Flowers is definitely going to be the next big thing to watch in Maheshtala. Purti Flowers is spread across a sprawling 265 cottahs of land and houses a mall with a 4 screen multiplex plus a residential complex.
Locations like Rajarhat, Mahesala have everything to match your expectation. Undoubtedly, this well balanced approach will give a boost to residential property requirements and adds to the fast paced potential of commercial development .. Park Street as always will remain the hub and the heart of the city.
However you may think twice if you are expecting high returns from on property investment. Rest assured, it is also a low risk investment. Therefore, for people with lower risk appetite, it is a blessing in disguise. No matter in which category you may be interested in investing – commercial, retail or residential properties, both capital values and rentals are comparatively less than other big cities.
The city is fast gaining pace with other cities metros in prices too …. So cash in before you lose out. The scenario is looking up and will continue. Top notch real estate developers have their eye on the city and have planned projects for the city.
