From the general look of things, residential property Kolkata is becoming a popular investment decision for most people. There are all manner of property buyers keen to get a piece of the pie and they are looking for properties at all budgetary sizes. Many real estate agents are getting floods of queries regarding the availability of development plots in the fast growing city. For those who are really interested in properties in Kolkata, it appears like the south and west Kolkata is the destination of choice thanks to the availability of hundreds of residential plots for sale in those areas; this has made Kolkata the most popular destination for residential investors.
According to popular research, the greatest supply of residential properties Kolkata can be found in west Kolkata today. Some of the areas you may want to consider include Amtala, Pailan and Joka. One reason these areas can be considered is of course the availability of many options and when compared to other areas of Kolkata, the prices in this area are still relatively low. What’s more, the western part of the city is earmarked for development in the near future and you can be sure that those who wait until that happened will have to pay dearly to get a piece of property in the same area where it is now affordable. The scope of capital appreciation for western Kolkata is relatively high right now.
The next area where you can consider if you want a share residential property Kolkata is the southern zone. This includes areas such as Baruipur and Diamond Harbor Road which have been earmarked as potential investment decisions with great returns on investment. The capital value of these areas has been rising steadily in the last few months with the last two years registering a 15-30 percent increase. This is a great investment opportunity even for those who love to buy properties for prospective purposes alone.
There are residential plots available especially in Diamond Harbor Road and the adjacent areas that are still affordable for anyone who wants to invest in real estate Kolkata at such a time as this. The plots you can get are of various sizes on which you can build your own home or hold on to so you can sell later at a profit. Instead of holding your money in a bank account, you could be better off placing it among the many available plots and you can be sure that because of the proposed developments by the local government in this area, you will get excellent returns in the next three or four years.
About the author:
This article is penned by Mohit Jain who has worked in the real estate industry as a consultant and advisor for over 6 years now. He often takes time to write articles and blogs about property investment. He has studied the real estate Kolkata market and considers flats in Kolkata to be a safe investment option for those people who are looking at secured returns on their investments.