Ongoing Projects In Kolkata
Ongoing Projects In Kolkata
Ongoing Projects In Kolkata- A New Haven For Homes
Ongoing Housing Projects In Kolkata has demand for Residential Projects in the city. Rajarhat, the satellite township of Kolkata, accounts for the hottest current real estate factor in Kolkata. Rajarhat, the satellite township of Kolkata, accounts for the hottest current real estate factor in Ongoing Projects In Kolkata . The projects are the result of joint sector development in Rajarhat. Highland Park developer United Credit Belani Group (UCBG), South City Projects consortium member Park Chambers, and first-time entrant Bengal Shelter will try to allure customers for the sophisticated condominiums. UCBG Managing Director, Nandu Belani, lays his focus on architecture as his main element to attract customers. This should definitely move a variety of end users to buy apartments in Kolkata that is not supposed to offer much in terms of new real estate ventures. Kolkata properties will be esthetically contributing to the lifestyle element in these real estate projects. Ongoing Residential Projects In Kolkata have infused the once-jaded look of the city with swank residential apartments and commercial spaces with a bold message that, Kolkata has truly arrived. Buying apartments in Kolkata will not be a dream any longer as the project will see the first high-rise in the middle income segment with a 17-story structure. The higher income apartments will be housed in three 20-story towers. The city of Kolkata is a potpourri of old and new. Ongoing Real Estate Projects In Kolkata is all set to flourish with the West International City across the River Hooghly in Howrah, the first venture funded by foreign capital. Kolkata was considered to be one of the cheapest Indian cities but its real estate scenario has gone for a complete makeover. It has been showing a marked improvement across all sectors of its realty industry i.e. residential, retail and commercial. It has long shed off the image of being a lazy city and is emerging as an effervescent city. Kolkata real estate is on a progressive track as large scale developments have been taking place in the city. With a multitude of multinational companies entering the city, a sudden increase in the number of potential property developers can be seen. They aim at maintaining global standard of living even by spending extra money and by employing additional resources. Kolkata property market is buzzing with activity as it welcomes new construction and re-developments. The new suburban hot-spots for real estate include Hugli, South Dum Dum, South Suburban City, etc. It serves as a nodal point for north-east region of the country and hence is a key spot of all retail and commercial activities. Kolkata may have become habitual of facing ups and downs in its real estate industry. Withdrawal of Tata's Nano project and then recession attempted to stagger the growing real estate of Kolkata. 1. With the entry of Tata Motors' Nano project, property in Kolkata was on an all-time high but after their unceremonious exit from the city, it was expected to fall. Nevertheless, it kept booming while maintaining the price and rental hikes. firstkolkataproperties.com/ongoing-projects-in- kolkata-ongoing-construction-in-kolkata/ are not very high priced mainly due to its age old culture and caricature. Recently Kolkata Real Estate sector took a high turn as many residential as well as commercial projects popped up. 2. The global downturn of the Indian economy caused ripples among the realty builders who were discouraged from further developments. Since the investors' interest also declined, Kolkata real estate became almost stagnant. But, in the current scenario, real estate segment of Kolkata has supposedly started recovering. In the annual property fair, Realty Expo 2009 conducted in the city, record footfalls, inquiries and residential spot bookings were made. Authorities confirmed the news by adding that the number of spot bookings had nearly doubled and an unprecedented degree of footfalls with a 20 % jump against the last edition was seen. This was totally unexpected due to the negative market sentiment apparent for more than a year and has thus, encouraged property developers to accomplish significant incremental business in the coming months. Ongoing Projects In Kolkata North has become a concern of property investors. Kolkata - The City of Joy, has kept up pace and is still attracting investors. There have been considerable cost cuts during recession in real estate of Kolkata. Some doubt if this keen interest in Kolkata investment avenues is due to the price correction or is it the recent spate of home loan rate cuts? Property experts feel that builders have become much more consumer-centric and flexible in the recent times. The focus is on affordable housing which has actually been the flavor of season across the country. It is, thus, concluded that signs of sluggishness from Kolkata real estate, be it residential, commercial or retail have almost disappeared. Property prices in prime locations will continue to witness an upward trend, making it the right time to explore investment options in Kolkata realty. Ongoing Projects In Kolkata gratified the in height the heavens.