As the price of gold is declining, investment in real estate is now considered to be the safest bet. With the property prices rising in cities like Mumbai, Bangalore, Delhi and Hyderabad, buying a Kolkata real estate is seen as a good decision in terms of investment. The city offers from a wide range of affordable flats to luxury villas, and also housing options that are lucrative investment options. With the growing realty market the city is attracting investors not only from the city but also overseas ufabet.
NRI investment in real estate Kolkata has significantly gone up over the years. Most of the investors are willing to invest their money in flats in South Kolkata because of the housing options available. According to a report, around 35% investors do not belong to the city and they are interested to invest in the South Kolkata property because of the potential the area has.
Smart investors are searching for prospective property in Kolkata to invest through real agents or online realty portals because they know investment in real estate makes them safer subjecting to their savings. The online realty websites offer loads of information on real estate, houses, agents and also allows to connect homeowners easily. Most of the investors are investing into multiple pockets with the hope that it will yield impressive returns.
But, there are many individuals who are not buying a property in Kolkata merely for the purpose of investment rather to live in it.
Whereas, many hatch the idea of buying a house and rent it out to earn some extra money. Renting out flats in South Kolkata is much a bit of trend.
The realty market of Kolkata has little impact from the global economy meltdown. Moreover, the price of Kolkata property is rational and infrastructure of the city is developing so it is considered to be a lucrative option for investment.
When it comes to real estate, Kolkata property is seen as the safe place to invest. The city offers housing at easily affordable range that starts from just Rs 8 lakh. And with several development projects are in the pipeline the return is also expected to be promising.
The realty market of this city is usually driven by end-users and the demand of housing is high compared to the supply. Realising this fact, many realty majors have already made their presence and are offering luxury residential units at highly competitive prices.