Monday, February 1, 2016

Owning a Home in Kolkata is Now a Reality

For a long time in the past, the Achilles’ heel for potential homeowners and investors in real estate Kolkata was the problem with affordability; the good news is that all that is now on the other side of history. There have been many positive changes related to land acquisition ownership in Kolkata that has created an explosion many affordable real estate Kolkata projects; there is no better news for people interested in flats in Kolkata and other potential homeowners. This follows the initiative of the government’s plan to invest in large infrastructural developments in southern Kolkata in order to open the city further to the south.   

For a long time, there was a hue and cry for affordable housing that was within the range of the middle class and working class communities in Kolkata. Thankfully, property developers have responded positively as a result of the availability and affordability of land in the suburban regions leading to the development of every new residential project in Kolkata. Gone are the days when there was such a great disparity between the demand and supply in this segment in particular. As a result, of the response of property developers, the supply and demand mismatch has been forgotten and anyone who wants an affordable apartment in Kolkata can have something to smile about. Real estate agents selling flats in Kolkata are now making more closures and it is a real win-win situation.    

Investors in real estate Kolkata have trained their projects to the suburbs in response to the availability and affordability of land; the government has planned for a number of mega infrastructural projects in this area and the result is thousands of job opportunities for the middle-income worker groups who are coming in to work in the upcoming Information Technology hub in Kolkata. Apart from business owners, there are also thousands of government employees who are looking for flats in Kolkata. The real estate Kolkata market that lay low for a long time is now up and running and there is no stopping it.

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