Interested in Property for Sale in Kolkata? Here's a Look at Real Estate Market Trends
Growing at a rapidly increasing rate, the real estate market in India is well complemented by the development of the corporate sector as well as demand for housing properties. Since one can remember, it has been regarded as a safe investment option when compared to investing in gold, mutual funds, stock market among others. It is an assuring investment option for the simple reason that it can be used as a house, as a means of second income or as a prudent retirement plan as it shall yield benefits in the future. Thus, if you are looking for a property for sale in Kolkata, the real estate market in city is promising .
Having said that, it is essential to do some analysis of your own before you put your hard earned money in the realty market as this decision needs to be taken very cautiously.
Real Estate Market Trends And Companies in Kolkata For Investors And Buyers To Follow
In recent years, the sector has seen ups and downs, especially in the wake of COVID-19. However, new trends have been surfacing that give us hope of robust development of the real estate market in India. With constant increase in residential projects, the industry is set to grow in the future.
Here’s what you must know before investing in real estate in India:
Growing at a rapid pace
The real estate market in India after enduring several woes has picked up pace and is quickly getting back on its feet. Growing at a whopping rate of 9% per annum, it is being speculated that the sector shall reach $180 billion by the year 2030.
Rapid Urbanisation in Tier 1 and Tier 2 Cities
The evolution of urbanisation and increase in purchasing power will lead to an increase in the demand of property for sale in cities like Mumbai, Bangalore, and Kolkata owing to the emergence of IT companies and mid-segment housing projects in these cities.
Shift from premium properties
India is witnessing a shift among buyers from premium and highly priced properties to mid-segment housing projects. Moreover, developers are also working hard to help people realise their dreams of having a home in their name. Thus, affordable homes shall be in high demand in future. For instance, Windmere - a residential property in Madhyamgram, Kolkata offers 2/3/4 BHK luxury apartments at an affordable starting price of 26.79 lakhs. It is highly coveted among modern homebuyers and thus, you should definitely have a look at it.
Improved transparency for due diligence
With the aim to strengthen homebuyers’ rights within the country, the indian government has set up HIRA committees in every state to govern the overcrowded realty sector and to ensure timely possession of all upcoming projects. It mandates all builders to register their ongoing projects and provide regular construction and necessary measures are taken against builders who are found violating the law.
Demand for Green Buildings
Along with the shift in focus from high-segment housing projects to mid-segment apartments, another trend has been emerging amongst home owners. They are looking for properties that offer sustainable living as improved quality of air, luscious greens and a better surrounding encompassing residents shall be an everyday affair in a green building. Thus, several real estate companies in kolkata developing cities like , Mumbai and Ahmedabad are coming up with projects based on the concept of sustainability, especially.
After seeing many lows and some highs in the past few years, the real estate sector shall now witness a steep rise for the next 5-6 years. So, if you are planning to invest in a property, now is the right time for you to find your dream house, which not only matches your criteria but is well within your budget too. One such property for sale in Kolkata is Windmere. Offering luxurious 2/3/4 BHK apartments at an unmatched starting price of 26.79 lakhs, this residential property in Madhyamgram is an ideal bet for an investor as well as a modern home owner for future gains.
Invest today for a better tomorrow.