From affordable 2 BHK, 3
BHK apartments to the luxurious Villas, an extensive range of property
options are accessible in Rajarhat. This Kolkata suburb is attracting the investors
from domestic as well as overseas.
NRI Attention
The NRI investments within this area
are up significantly in the last few years. About 35 % of investors are from
overseas and want to make investment because of earning possibilities this region
has.
Also the NRIs are cutting the
bulk property investments in multiple parts to avoid fund blocking in any
single basket. It leads to the easy exit. The NRIs are making up 20 % of the
clients, whereas a further 20 % are not based in city.
Safer Option
Kolkata is always a safer place for
investment as far as property is concerned. The metropolitan city provides by
far the most inexpensive range of properties to masses and classes beginning
from Rs 8 lakh. The profits are also extremely promising compared with the investment
size.
In the year 2008, the recession
had badly influenced the property industry in India however Kolkata has continued
to be steady, because it is the market driven by end-user having higher demand as
well as relatively lower supply.
Many projects are there in city which
suit category of the second homes as well as there are a lot of takers to them also.
There is mixed bag for the buyers in city from the city residents to the NRIs.
Buying Capability
The buying capability in Kolkata market
is very different from the other Indian cities. Generally an investor of
Kolkata wants smaller ticket items with price range of Rs 10-50 lakh taking fine
profits on the package deals.
Some reasons why the investment
became feasible include easy procurement of home loan, particularly for the service
class that also provides them tax advantage of Rs 1.5 lakh per annum per head. This
is the win-win situation to middle-income segment of consumers based in city.
Buyers are in Win-Win
Situation
The rates at posh localities within
city like Southern Kolkata is high already as well as they barely have any escalation
chances. However it is not the situation with Rajarhat. The potential growth is
higher and therefore demand is witnessing the increase.
People are booking properties
here through token money with rest of sum is remunerated in next 24 months or consequently
till the possession. The rates increase in the meantime so the investors sell that
off at the higher prices, even prior to paying off entire money of booked
property.
For more details kindly visit: http://www.indiahomes.com/india-properties/Kolkata-Properties.html
