Kolkata: The Kolkata real estate market has taken a hard hit due to the poor consumer sentiments and discouraging politics of Bengal. As a result Kolkata has witnessed 50% drop in returns in real estate sector in 2013 so far.Due to the economic scenario investors have virtually stopped buying and this has caused a loss of 20-30% buyers to the sector. End users have also stopped buying due to the steep rise of prices of properties and have taken on to a wait and watch strategy. Consequently unlike 2012 when here was a 20-25% rise in values this year there had been only a 10-12% rise.In the last six months most buyers have opted for gated communities that come with various modern facilities like gym, parking area, children’s park etc. These properties cost between Rs 40-60 lakhs. Plots are less in demand because people cannot trust the law and order situation of the state anymore. Most plots are being bought by investors. This is pushing up sales in multi-storey apartments.However not all areas are as badly off. Localities where there had been maximum rise in property values are Jodhpur Park and Ballygaunge in South Kolkata. In these places property prices have increased by 100% in the last three years. This growth had been caused by the launch of an integrated development by the South City consortium. This development includes the largest shopping mall of the city, hospitals, schools and other facilities for recreation. However even these areas cannot remain unaffected for long if the low business growth and weak government policies continue to mar the real estate sector.займ на карту без отказов круглосуточновзять кредит онлайн