Kolkata Ongoing Residential Projects has taken a big leap in the past few years Real estate at the city of palace-Kolkata is set to receive a one-of-its-kind residential property in India. The super-premium twin towers will wear a look of a concept aircraft that will perhaps give a food for thought not only to real estate developers of India but global aviation majors like Boeing and Airbus. Ongoing Properties In Kolkata has infused the once-jaded look of the city with swank residential apartments and commercial spaces with a bold message that Kolkata has truly arrived. This new ultra-modern residential property in Kolkata would bring a unique identity to the city, which at present is known for its poverty and poor infrastructure, said Ramesh Lal, a senior real estate consultant based in the city. And such views do not seem to be exaggeration. This building at Gurusaday road will not just be a trend setter from the design point of view. It will be the tallest one in the city with its 41-floors, way ahead than 35-story South City, 28-story Highland Park and Chatterjee International, which sports 24-storys. Commercial Projects Kolkata is 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. “If you are getting a 10,000 square feet villa like apartment in an ultra-advanced residential building with all luxuries, you have to price,” said Uttam Banerjee, a property broker, dealing in higher end properties in Kolkata. Kolkata is commercially not as advanced as Bangalore, Mumbai or Delhi, and that’s why you can not be assured of success of such ambitious projects, they say, adding that such properties are not meant for end-users but for investors, who have knack for investing in real estate in Kolkata. Any guesses for the most preferred location to invest in property? And if you thought Mumbai, then it’s high time to get your information updated, for Kolkata’s real estate business has got a new lease of life and is attracting investors both from the state and international areas. The West Bengal government has created a cross-subsidy model for http://firstkolkataproperties.com/ongoing-projects-in-kolkata-ongoing-construction-in-kolkata/ , allowing them to make profits on high income housing provided middle income groups are sold flats at a no-profit, no-loss basis, and to the lower income groups at a lower than cost price. Making a queue to invest in the resurged real estate of Kolkata are NRIs who are willing to buy property. Amongst the areas that top the buyers list is none other than EM Bypass. Fuelled by the emerging IT and BPO hubs a number of villa projects and housing complexes are slated to come up in this region. With myriad real estate companies like Eden Group, Mani Group, Prasad Group, and D.C. Paul Group, realizing the potential have launched housing projects in this sector. Experts on real estate are of the opinion that it’s the continued economic growth coupled with inadequate housing projects in prime locations has made EM Bypass the most coveted prime location when it comes to investing in housing properties. Majority of the demand for Ongoing Real Estate Projects In Kolkata is attributed to the foray of domestic and international retail chains. It’s not just purchasing high-end apartments that are on high demand, but also a new phenomenon of leasing out fully furnished apartments is gaining momentum. A fully furnished apartment of 2400 sq-ft can command as much as Rs. 60,000 as the monthly rental. And it’s amazing to see that despite the high rental, this area has witnessed a two per cent increase in demand in the last quarter. South City promises to be a landmark as the Ongoing Housing Projects In Kolkata like Emami, Sureka, Shrachi, JB and Merlin Group of companies have come together for 3 residential-commercial projects on Prince Anwar Shah Road, B.L. Shah Road, and Alipore. The main reason for the escalating demand is the increasing number of corporates choosing to stay back in Kolkata. With this location enjoying a close proximity with central Kolkata and Bengal’s IT hub Salt Lake, is making this sector an ideal choice for the senior executives, who are willing to invest for both convenience and luxury. Whetting the appetite of the investors in residential areas of EM Bypass is a series of malls, high-end restaurants, shopping complexes and even Cineplex’s. Teasing the investors further is a number of villa projects like Silver Spring, along the Bypass. These villas with ‘green’ features like rain harvesting, water recycling and some more unique environmental friendly features is creating quite a buzz amongst the buyers. With so much happening in the real estate scenario of EM bypass is definitely making it India’s most wanted real estate haunt. Kolkata Ongoing Residential Projects prices in Kolkata are far more rational as compared to other metros like Mumbai, Delhi, Bangalore or Hyderabad.
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