Kolkata Property

howrah-bridge-kolkataIn India, when we talk about argumentative Indians, intellectual debates and adda (freestyle intellectual exchange places), Bengalis flash in our minds without any effort. And with Bengalis, comes Kolkata, a heaven of art, literature, music and theatre that overshadows its troubling overpopulation, traffic, congestion and fishy smell. But all of these seem significant here as it is deep rooted in the city’s soil. The charm of colonial period, smell of old cracked buildings permeated with the smell of dead fishes and boiling artistry and creativity is what Kolkata reflects in its persona. Not a long ago it started expanding vertically and real estate bubbled up. Being third most populous city in India with increased urban agglomeration, need of houses driven the developers to construct and deliver places for habitation. The real estate is on high here.Builders in KolkataResidential, commercial and retail, real estate in all these categories are developed in Kolkata. Many builders in Kolkata including Merlin Group, GM Group, Vibgyor Housing Ltd, Esteem Property, Magnolia Infrastructure, Belani Group, Hiland Group, Keventer Projects, and The Jain Group etc are trying to amplify the landscape of Kolkata and offering homes in variety to the people who have always dreamt of owning a home.Projects in KolkataBuilders in multifold creating grand projects all cross the city including Siddha Spehere in Rajarhat, Kolkata, Godrej Waterside – Shakespeare Sarani, Kolkata, Active Acres – E M Bypass, Kolkata, Siddha Pines Block Pine Woods – Rajarhat, Kolkata, Fort Jardin – Beliaghata, Kolkata, Silver Nook – Garia, Kolkata, Magnolia SkyView – Rajarhat, Kolkata, Godrej Genesis – Salt Lake City, Kolkata etc. Both residential and commercial projects are undergoing in the city.Properties in KolkataProperties are mushrooming in Kolkata and the city struggles to expand its boundaries. With tremendous growth in infrastructure and introduction of IT parks and other companies, people are ready to move and buy or rent properties. Baliganj, Prince Anwar Shah Road, Salt Lake City, Southern Avenue, New Adipose, Hazra, Jodhpur ParkAirport Road, E M Bypass, Lake Gardens, Nayabad and Thakur Pukur are some of the popular residential areas in the city where property prices stands between Rs 2,300-11,600 per sq ft with highest recorded at Baliganj and EM Bypass. In case of commercial properties, Park Street has the most property rate crossing Rs 14,000 per sq ft.Property rates in KolkataThe property rates in Kolkata have followed a steep upscale graph with over 30 percent annual increment. In Baliganj, the property rate crosses the Rs 11,000 per sq ft mark. In Salt Lake City, the rates continue to grow more than Rs 6,500 per sq ft and Southern Avenue almost touched Rs 10,000 per sq ft mark. The commercial properties in Park Street range around Rs 11,000 to 14,100 per sq ft while at EM Bypass, the rates crossed Rs 10,000 per sq ft point.Property taxKolkata has ditched the old rent value system of property tax calculation and adopted the unit area assessment (UAA) system in which the whole city has been divided in many different zones. Now the tax is calculated on the basis of base unit area value affixed for each block. The municipal corporation also introduced the facility of paying the property tax online that ensures comfort of citizens and easy payment of tax from home.Investment tipsBuying a property is a decision that must be taken carefully. If not then you might fall into a chasm. Thus it is important to understand the methodology involved in the process of buying a property. You can take help of online journals, blogs and newspapers that often gives a vivid and clear idea about investing. By following the tips you might stay secured and get the house that you really need and always wanted.Upcoming areasThe absorption rate for the residential developments is high especially in New Town i.e. Rajarhat, E.M. Bypass and mostly suburbs. Beliaghata, Garia and Barasat are also few of the popular areas in Kolkata where several new constructions can be seen.займ на карту без отказов круглосуточновзять кредит онлайн

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