Author: DIGIEDIA

Introduction to Kolkata Real estate market | Real Estate Trends, Pricing, & Locality

The residential real estate sector in Kolkata, which has historically been driven by end-user demand, has experienced rapid growth in recent years. Because of the population growth and rapid urbanization, the central city expands rapidly over time in both the north and south, along with the growth of its social and civic infrastructure. The sustained demand for inexpensive residential homes in and around Kolkata has been fueled by this. In comparison to other Indian metropolises, Kolkata has a competitive advantage due to its real value proposition for residential units, solid market base, and comparatively stable political environment. The market nerves in terms of transparency, responsibility, and confidence have been further strengthened with the establishment of HIRA (Housing Industry Regulatory Authority) as of 1st June 2018.

According to a report by the Economic Times, Real Estate in Kolkata increased by 11% in the third quarter of the previous year. In addition, Kolkata has the largest real estate market in Eastern India. In terms of growth over the past ten years, it has outpaced other sizable housing prices like Gurgaon, Noida, and Mumbai. The poll also finds that Kolkata is home to the most astounding unsold inventories, largely because of COVID-19, despite the fact that the city’s market size is third behind Bangalore and Pune.

Property Prices In Kolkata Are Lower Than In Other Cities

After two years of poor financial performance, the absorption rate of real estate investments in Kolkata decreased, which resulted in a sharp rise in absorption prices in the current market. Due in part to the launches of important real estate developers, the quarterly supply grew.

Demand for affordable and mid-range housing has also surged dramatically as a result of the epidemic. Due to this tendency, real estate investment sales will undoubtedly rise. Developers of real estate are making investments in low-inflation regions like Kolkata as a result of the volatile equity markets. In light of this, investors might be wise to consider Kolkata during the pandemic.

Kolkata’s ready-to-move apartments boost sales

The Real Estate in Kolkata is flourishing, especially with residential structures offering a variety of opulent projects with affordable housing. In Kolkata, you can buy a number of apartments that are ready to move into.

The best time to buy real estate in Kolkata is right now since developers are looking to make money off of unsold inventory. These kinds of projects, in particular, result in decreased prices and GST. There is a particularly strong need for furnished apartments in Kolkata’s new town.

Government funding has increased real estate investments

The Central Bank of India is offering historically low interest rates on mortgage loans. The RBI has also lowered the repo rate to help provide favorable interest rates. Also, the government has launched a number of fiscal packages with different benchmark rates in an effort to increase real estate sector sales.

As long as the market stabilizes, the RBI unanimously resolved to keep the repo rate at 4% and the reverse repo rate at 3.5 percent starting on October 9, 2020. The risk weights on loans have been simplified, and they are only now connected to Loan-to-Value (LTV) ratios, per the RBI’s most recent announcements.

This has increased the number of intriguing options for Kolkata’s real estate developers and encouraged real estate investment in the area.

Moreover, the Central Government and the State Government of West Bengal are developing the PMAY Programme and Nijashree Scheme, which improve everyone’s access to affordable housing. Such initiatives are lowering apartment prices in Kolkata, opening the door for low-cost housing projects, and the sale of one-bedroom units.

In order to encourage the opening of new Real Estate in Kolkata, central banks are also reducing their interest rates on a variety of home loans.

Conclusion

Real Estate in Kolkata is one of the top industries for job growth. Thanks to innovative strategies and support from the State Government, real estate in Kolkata and the developers of real estate in Kolkata are certain to reach a new high. Let’s assume that the real estate sector keeps easing central bank while keeping local interest rates under control. If so, the total cost of buying a property will drop, encouraging a greater number of people to own homes and producing favourable future investment returns in the housing sector.

Introduction to Konnagar Real estate market | Real Estate Trends, Pricing, & Locality

Real estate development in Konnagar is a topic of great interest for many regional investors and developers. Konnagar is a rapidly developing town located in the Hooghly district of West Bengal, India. The town is situated on the banks of the river Hooghly and is well-connected to the city of Kolkata, which is about 18 km away. In recent years, Konnagar has seen significant growth in terms of infrastructure development, economic growth, and population. This has created a lot of opportunities for real estate development in Konnagar.

Real estate development in Konnagar can be broadly classified into two categories: residential and commercial. Residential real estate development in Konnagar includes the construction of apartments, villas, and townhouses for people to live in. Commercial real estate development in Konnagar includes the construction of office buildings, shopping centers, and other commercial spaces for businesses to operate in. Both residential and commercial real estate development are important for the growth and development of the town.

One of the major drivers of real estate development in Konnagar is the increasing population of the town. The population of Konnagar has grown rapidly in recent years, and is expected to continue growing in the coming years. This has led to a high demand for residential properties in the town. Developers are building new apartments and townhouses to meet the growing demand for housing. The construction of new residential properties is expected to continue in the coming years as the town continues to grow.

Another factor driving real estate development in Konnagar is the town’s proximity to Kolkata. Konnagar is well-connected to Kolkata through road and rail networks, making it a popular choice for people who work in Kolkata but want to live in a quieter, more affordable town. This has led to the development of several residential projects in Konnagar, which cater to people who work in Kolkata.

Commercial real estate development is also picking up in Konnagar. The town has several industrial areas, which have attracted businesses from different sectors such as textiles, food processing, and engineering. The growing business activity in the town has created a demand for commercial real estate. Developers are building office buildings, shopping centers, and other commercial spaces to meet the growing demand for such properties.

The Konnagar municipality has also taken several initiatives to promote real estate development in the town. The municipality has introduced several policies and regulations to encourage developers to invest in the town. One such policy is the provision of land at subsidized rates for the construction of affordable housing projects. The municipality has also simplified the process of obtaining construction permits and other approvals, making it easier for developers to start new projects.

One of the challenges of real estate development in Konnagar is the availability of land. The town is small and land is limited, making it difficult for developers to find suitable land for their projects. However, the municipality has identified several areas for development and is working to acquire land in these areas. The municipality is also encouraging landowners to come forward and offer their land for development.

Another challenge is the availability of infrastructure. Konnagar has seen significant infrastructure development in recent years, but there is still a long way to go. Developers often have to invest in building infrastructure such as roads, water supply, and sewage systems to support their projects. This can add to the cost of the project and make it less attractive to investors.

In conclusion, real estate development in Konnagar has a lot of potential. The growing population, proximity to Kolkata, and business-friendly policies of the municipality are all positive factors that are attracting developers to the town. The municipality should continue to work towards acquiring land and improving infrastructure to support real estate development in the town. With the right policies and infrastructure in place, Konnagar can become a vibrant and thriving real estate market in the years to come.

All About Vinyak Golden Acers in Konnagar | 1, 2, 3 BHK Flats in Konnagar

SIZE: 466 – 947 sq. ft.

POSSESSION: 1, 2, 3 BHK

PRICE: 12.56 Lacs onwards

Do you care to look at the housing amenities checklist at least once while purchasing an apartment like Vinyak Golden Acers in Konnagar for yourself?

Purchasing an apartment without first looking over the facilities list can prove to be a costly mistake down the road, and you may find yourself looking online for better rates and neighboring apartments not long after moving in.

If you want to avoid finding yourself in such a predicament, keep reading to learn the essential facilities in apartments Vinyak Golden Acers in Konnagar that you must have to live comfortably there.

Sanitization standards and water influx

Sanitation and appropriate water inflow are the most fundamental amenities that you absolutely must have. You should either insist on having one or just give up the idea of living there if there is erratic water flow, excessively dirty and unclean water, or limited access to sanitation. This will help you avoid future mess and unwelcome discomforts.

Power reserve

In India, low electrical reliability and insufficient power supply are not really commonplace at the moment. Given the present pandemic situation, where most individuals are confined to their houses for work, it is also rather typical. A proper and consistent power supply becomes unavoidably crucial. Make sure there are adequate power backup provisions by double-checking your apartment’s amenities list.

Security apparatus

We can’t stay at our homes around-the-clock to watch after our priceless possessions, including cars, jewelry, cash, etc. To give its tenants a decent level of security, the housing society must have some reputation. To completely secure your life’s and possessions’ safety at any location, facilities like CCTV, firefighting equipment, elevators, and round-the-clock guards must be available.

Grass and wholesome surroundings

Although it may be underappreciated, in the chaotic times we live in, this is actually what one needs the most. The mental calmness! Your mental health and peace of mind may be negatively impacted by living in an area with excessive noise, air and water pollution, or in dirty surroundings. It’s crucial to pick a location that guarantees, if not abundant, at least minimal flora and a tranquil setting away from busy highways and traffic.

Parking

One of the biggest problems today is parking. Therefore, check to see if the location you’re going to has enough parking for your cars and other vehicles. If not, you might have to go on a space quest specifically for this.

Locations for sports, exercise, and recreation

One truly needs a place just to sit back, rest, unwind, or engage in their favorite hobbies, such as playing outside, cycling, swimming, yoga, jogging, etc. after a long, stressful day. We must begin to appreciate these activities’ worth and long-term benefits for our overall health. This should be part of the features in luxury residences.

Accessibility

These days, accessibility is a crucial issue to take into account. Make sure there are markets, clothing stores, hospitals, gas stations, and other necessities in your community so you won’t need to scramble at the last minute for such little but necessary things.

Maintenance of the site and logistics

Maintenance on-site and in logistics must be properly planned. Calls should be easy for plumbing, carpentry, domestic help, etc. Without them, especially during the first few days after moving, it could be difficult to return to normal.

Senior citizen places with accessibility

If you are traveling with senior adults, choose locations with adequate accommodations. For example, ramps, benches, and simple access to pharmacies and other important healthcare facilities.

Exclusive gyms

Therefore, if you’re moving into a so-called luxury apartment like Vinyak Golden Acers in Konnagar or housing society, you must either ask for or expect this. Gyms, party venues, and theaters are very necessary to support a city dweller’s fairly standard way of life.

As a result, the aforementioned amenities in flats like Vinyak Golden Acers in Konnagar

must be ones that you can count on finding at the top of any society’s list. These are not merely items to check off a list; they are requirements that guarantee adequate living conditions for everyone, regardless of where they reside. Apartments are great for living since they offer a lot more flexibility than a typical home or condo. The interest in apartments among young people is increasing. A great way to live more affordably and still have a lot of character in your home is to rent an apartment. The type of apartment you choose will depend on your individual requirements and style of living. They differ substantially in terms of amenities and quality. To discover the best apartment for you, speak with a reliable builder that has experience satisfying people’s housing needs and do some research on the flats in your neighborhood. Eliminate all the incorrect information before making a decision, and be certain of what you want.