REAL ESTATE MARKET KOLKATA
Kolkata, “the city of joy” is always known for its rapid growth in the race of every aspect whether it’s about IT or about Real Estate Market There is always an increase in the number of industries setting up their branches in the third most popular metropolitan city in India and people from the suburban areas and from the other parts of the country mobbing towards this city chasing the jobs, increasing their living standards, and making them better. There are numerous people willing to invest in 3bhk flats.
The scenario for real estate is swarming as there are several house people moving into the city to find their dream houses within affordable ranges having modern luxuries which attract people in many ways. There are various ranges of flats from 1BHK and 2BHK to 3BHKs & 4 BHKs apartments.
There are various breathtaking offers of real estate that turn our dream of having modern homes in Kolkata into reality. People have been looking for 3BHK and 4BHK flats around the city. Investing in the real estate market in Kolkata is now considered a very smart move and because of numerous options in Kolkata, people are getting their dream homes into their budgets which will directly increase the economy of the real estate market. If you’re looking for a 3bhk flat in Kolkata at an affordable rate that is very much possible.
Kolkata real estate market: Rapid growth –
The market of real estate in Kolkata is now increasing at a very rapid pace on an average of 11% as per the survey conducted by The Economic Times. In eastern India, Kolkata is ranked as number one in the real estate market and shows more growth in the last 10 years than the players of the real estate market from Noida, Gurgaon, and Mumbai.
The trend of 3bhk flats has rapidly increased. There are various investors that are investing in the fast growth of Kolkata which leads to the development of numerous apartments or properties for the ones looking for their dream house in Kolkata under their range within proper location to provide the best facilities in and out of the property. There is a huge increase in the graph of development, especially in the field of the residential department.
Why choose Kolkata for investing in Real Estate?
Kolkata has become a leading city with remarkable growth. The most crucial factor buyers consider when choosing their dream home in the city is accessibility. In this busy schedule of life, everyone wants a residence in a place where everything they want will get easy access.
The major goa; people target is a luxurious 3bhk flat in Kolkata. There is an upward trend of property valuation in Kolkata increasing every year where you will not only get just high-class homes but also perfect and modernized homes with stunning and luxurious features which gives a fulfilling experience to you and your family.
Not only staying but also you can get a return by investing in the most rushed areas such as Joka and Salt-lake areas of the city as they possess various IT sectors as well as various departments where students are flocking and they are always looking for a stay in the same area in 2 BHK or 3 BHK which will ultimately lead to the contribution in the investment.
Availability of dream homes in Kolkata –
Kolkata has a variety of properties that offer you the home of your dreams within your budget with a huge variety and modern features. The projects in different parts of Kolkata that are developing are worth investing in because of their sleek and unique features and stunning looks and value for their money.
The diverse and luxurious options between 3bhk and 4bhk flats stand out. Great investors like TATA are also investing in Kolkata city for their projects which actually increase the residential standard. Homebuyers are getting a variety of options from the highly reputed projects from which they can choose the home they are looking for especially for 3bhk flats in the city.
The working couples gloss over the brilliant rates of different property valuation in the city and their priorities are always a 3bhk flats in localities that power up the proximity of their child’s institute and the points for their pick-up and dropping. There are various people who are willing to invest even in a 1bhk flat which they prefer.
Value of Kolkata real estate market during pandemic –
The pandemic actually brings the topic of worry among the real estate sector in the whole country as it has a severe impact on all sectors, especially business. But this pandemic also creates a great increase in the real estate sector as the markets having a huge value in real-estate markets such as Mumbai, Noida, Hyderabad exhibit a graph that is different from the one exhibited by the Kolkata real estate market.
According to the finance minister of Bengal, Amit Mitra, it is mentioned that during the year 2018-19 there is a rapid increase in the GDP with 12.58% of the state which takes the state at the top. The growth shown by the state is not only in the residential sector but also in job opportunities, infrastructural developments, and major investments. The city has seen a wide-scale growth of 2 & 3bhk flats from the past few years.
During this pandemic, people are working from home and they are looking for their own home rather than staying at a rented accommodation. They can choose from an abundance of options of ready-to-move flats which increase the demand for 2 and 3 BHK flats in the market among both middle- and upper-income classes. People also choose 1bhk flats to reside in, according to their will.
The rates of flats are also moving down during this pandemic, which attracts the buyers towards them and this eventually results in the financial growth of the city and this will give more benefit to the investors. Various investors have bought 3bhk and 4 BHK flats during the pandemic because of the decrease in rates.
Kolkata was earlier known for its diversity and variety but now it is one of the leading states in the domain of residential growth and it shows the rapid growth which affects the mentality of the investors and they start opening new projects in the city. These multiple projects have great benefits and people can afford their dream homes now without thinking twice due to the abundance of 3 BHK flats.
The project not only offers great, modern, and luxurious homes but also a nature-friendly environment with the best benefits of greenery, and this will take those buyers closer to nature and help them to stay fit and healthy. 3BHK flats have unique designs inspired by luxury flat designers as well. There are various projects focusing on creating an abundance of 3bhk and 4bhk flats.
The consistent types of homes available in Kolkata’s highly reputed apartments range from 40L to 1.5Cr onwards starting from 2 BHK to 4 BHK having multiple amenities included and it will satisfy the needs of the buyers and make their life easier and raise the standards of their lifestyle.
Investing in the real estate market of Kolkata is now worth it and you will not only get great benefits but also top-class features and have everything within their proximity from grocery to airports. This is going to be a great decision.