Is it a good time to invest in real estate projects in Kolkata?

This is probably the best time to buy a apartments in Kolkata as the property prices and interest levels on home loan have reached their all-time low. Furthermore, there are government plans not only for the EWS and LIG sections but in addition for the MIG section to help home potential buyers.

The Real Estate Regulatory Act (RERA) being released in, which is soon going to be a reality in Bengal, there, will be no need to be worried about investing in real estateprojects in Kolkata.

RERA going to be a true blessing. (With) RERA (there) is not anything to be afraid of. It will keep fly-by-night builders away from the market and generate discipline. There have been delays in project deliveries in the property market due to a sluggish market, but now things will change.

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Some of the experts are also advising property buyers to choose for ready-to-move projects in Rajarhat. AS Rajarhat is a planned area and great choice for end use. Nevertheless, for investors, there is over supply which should be considered. Consequently, returns might not exactly be very high. Several possible buyers asked about buying plots in Kolkata and what they should keep in mind while doing this .

A real estate expert suggested a four-point check –

·         builder history on delivery and credibility,

·         proper agreement between owner and buyer,

·         land documents to be legally and that the plot should not be a wetland and

·          if it is, then the applicable rules should be followed.

The suggested areas of investment for potential buyers can be- Joka, Narendrapur and Garia are evolving areas in Kolkata offering affordable properties.

However, with the infrastructure planned for these areas, these areas may develop fast at a later date. Pleasantly Joka is a fast evolving area in Kolkata with a lot of housing stock coming up. It is far away from Central Kolkata and will soon get Metro connectivity. Verifying the physical and social infrastructure before investing in a growing area is also very important.

There will several new projects in Kolkata in these above-mentioned locations. So, a potential home buyer or investors should not miss this opportunity. With so many price points available in these projects, one can definitely gain some extra money from them.