When it comes to property investment in India, most people will consider Delhi or Mumbai as the best places to make investments. Although it is true, not many people know that Kolkata has shown a lot of potential in recent years. Some areas in Kolkata like the south and central regions show sharp rise in real estate prices, similar to that of the property price hike in Delhi or Mumbai. Investors looking to make investment in relatively strategic locations in Kolkata would need to shell out more two thousand rupees per square feet.
There are several factors which can cause an impact on prices of flats in Kolkata, including inflation and the social situation in the city. There are many options for commercial properties in the areamostly on Elgin Road, Prince Anwar Shah Road or Ballygunge. Besides, those areas still have fewer options for apartments and thus, the competition is not a lot. Yet, the areas already have good infrastructure and the dwellers can enjoy decent public facilities. One of the areas, which offer a high standard of living, is Bhowanipore. Bhowanipore turns out to be the most popular places in South Kolkata and rich people, celebrities and most socialites live in this part. There are a lot of villas and bungalows in the region and it remains as one of the most expensive areas, in terms of cost of living.
Other areas with good prospect of property investment includes Rajarhat, Dankuni or Eastern Metropolitan Bypass area as the property rates in these areas have grown. However, it should be noted that making investment in Kolkata will not you return as fast as making investment in Delhi or Mumbai would. The best thing about investing in flats in Kolkata is that the risk factor is low. This is because the value of flats in Kolkata are lower, compared to other big cities in India like Mumbai or Delhi. Most investors are deeply interested in the development in certain areas like Eden Fresco, Eden Flora and West International City.
Values of property in Kolkata are not stable and this can make investors choose the best time to buy or rent flats in Kolkata. There is certain time when the price of flats in Kolkata is low and there is a time when the price is high. Thus, investors should be smart enough in buying flats and selling them, depending on the fluctuation. The availability of flats in Kolkata is abundant and investors have great chance to gain profit.