Real estate in Kolkata is undergoing industrial and residential development since long. Trying to catch up with the trends in other metro cities Kolkata is also opening doors to modern day real estate constructions. People buying apartments in Kolkata are now looking for premium lifestyle options.
Kolkata real estate developers are constructing efficient buildings so the people investing in real estate need not to think about the quality of construction. According to real estate agents, people consider things like locations, the amenities and also the builder before buying a property in the city. Typically, apartments in Kolkata have less property prices as compared to other metro city.
Home buyers have plenty of options available for them in the market as Kolkata properties offers range of housing from the affordable to the posh and expensive. To buy an apartment in Kolkata the prices would vary distinctly depending upon location and infrastructure.
Real estate developers like DLF Group, Unitech and Diamond Group are launching their residential projects in the city leading to appreciation in property prices.
Key residential areas in Kolkata where property prices are higher than others are Belvedere, Ballygunge, Southern Avenue, Lower Circular Road and Park Street. The apartments in the city have strong feasibility both for rental and resale. The growth of the software industry around Salt Lake and Rajarhat has generated strong influx of manpower from all over the country. As a result there is a great demand for rental housing. All this has led to apprehension in Kolkata Real Estate market.