Kolkata is West Bengal’s second largest city, making it an ideal option for people who wants to purchase properties here. Kolkata has emerged as one of the primary locations for investment. Real-estate market never goes down, particularly in a metropolitan city like Kolkata. These reasons have ensured that the new level purchasers get adequate chances to resale their flats in future for getting better investment because we all know property investment provides financial stability.
Property investment is good in Kolkata due to affordable property prices. If we compared to other metropolitan cities, Kolkata offers an affordable range of housing to all class of people. In Kolkata “returns” are much promising. Moreover, in Kolkata the real estate has always remain stable as this city is an end-user driven market. Owning a home has always been a matter of great sentiment for all class of people. People prefer buying a home in metro-cities because it provides lots of facility. In the past 3 to 4 years the real-estate development in Kolkata has seen a growth of 30%. The city is continuously expanding with lots of infrastructure and connectivity. Many posh areas of Kolkata have come under focus mainly due to the planned development and social infrastructure. In the present scenario in India, the stock market crashed suddenly.
The value of Rupee is continuously going down due to world market slow down. For these reasons’ money market is not performing well as is not giving a good return to investors. In this situation we can invest money on properties. Real-estate market is on saturation point. From last 2-3 years the price is almost same. So, the builders are also with huge discounts and offer. The job market is also not good currently, and it is directly affecting to Real-estate sector. So, it is good to enter Real-estate market and start investing on properties. Kolkata offers huge potential in terms of rental yield. The city over years have a huge demand for rental housing, majorly due to the Industrial and commercial growth. Unlike other metropolitan cities. Property prices in Kolkata are still affordable and within the reach of various economic levels of home buyers.
Many real-estate amateurs have been developing low -budget projects with decent amenities to attract several buyers and investors ‘as we all know that Kolkata is the second largest city in India.it is rich in culture ,literature and education.as far as living goes Kolkata is ranked one of the safest cities hence, making livelihood easy and safe. For these reasons’ property investment is good in Kolkata.
