Top 5 Locations for Affordable Flats in Kolkata
A real estate agent’s common eloquence is ‘location, location and location’ when it comes to what a perfect property should have. As far as India is concerned, the real estate market is a diversified one when taking other countries into consideration.
This makes us wonder...
What makes location that important?
Scrutinising every location before any real estate purchase is important. It's LOCATION that actually translates investment into profitability. This factor alone shifts any customer’s desire for a purchase and in turn, causes a rise in the price of flats for sale in Kolkata.
By the time any buyer has fixed his/her location for a residential property, they are ready to pay up a good amount of paid-up capital. Hence, it's important that the buyers end up choosing the right location that fits the real estate purchase tick.
Real Estate - Its Condition in Recent Times
In a real estate boom, house hunters will not just purchase any property that comes into the market. This only lasts until it’s new - once all is said and done, only those homebuyers who have chosen the best localities stand tall.
A good location can showcase different things to different people. There lie objectives that explain a property’s value. Depending on the customer's needs and preferences, buying a home brings into consideration all the factors that may seem to be a challenge before purchasing housing complexes in North Kolkata.
A home is more than just an investment. Hence before buying any new property, taking these few factors into consideration would definitely seem fruitful :
Location is the key to any valuable real estate. Homes in the cities that have little room for enlargement seem to be more valuable than those that hold plenty of room.
Take into consideration the accessibility, appearance and amenities of the neighbourhood as well as future plans for development.
A ton of factors like noisy roadways, community centres may pose problems in the resale of the property.
Looking For Affordable Locations in Kolkata? We’ve got you covered
It's astonishing how the real estate sector in Kolkata is re-emerging despite the collapse of the city’s industrial sector. This in turn could be attributed to a few major changes and modifications in this particular sector.
Amidst an overall housing-grim scenario, about 75 percent of homebuyers in Kolkata prefer to live in affordable homes starting from Rs.40 lakhs. This enormous demand has still been unmet since only over 46 per cent of properties come under this price bucket.
As per 99acres.com, of all the zones in the city, North Kolkata holds the maximum affordable flats for sale, especially in Baguihati, Salt Lake, Madhyamgram and Kestopur. Moving towards other regions, Garia also houses affordable living with ease.
Mapping These Localities
Madhyamgram
A rapidly emerging neighbourhood in North Kolkata, it's best suited for people looking to spend their time in the centre of a commercially developed environment with modern facilities.
However, what makes customers seek flats in this region?
It's basically a location that has ease with connectivity. Residents residing in Windermere,a large residential gated community complex in Madhyamgram, need not worry about connectivity, being within reach with rail, road and metro connections. Moreover, there is simplicity in travelling to other sectors without worrying much.
Whatever it is, the way you tell your story online can make all the difference.
Baguihati
Located in the northeastern region of the city, Baguihati is mainly a residential area. Covering over VIP Road neighbored with localities like Dum Dum, Krishnapur, and New Town.
Small scale industries dealing with jute, electronics inclusive of import and export units have resulted in a swarm of low and middle-income workers to reside here. Henceforth, the area has turned out to be a favourite amongst affordable real estate developers.
Any compact 2-3 BHK residential property would range from 16 to 25 lakhs, reporting Baguihati to rise by a 4 percent capital appreciation.
Salt Lake
Bidhannagar, also known as Salt Lake, is a planned reserved town developed in the years between 1958-1965. This satellite town was created in order to accommodate the expanding working class of the city.
Moreover, when it comes to its connectivity, it is a go-to area for affordable home seekers as well. All these factors taken into account, add more weightage to ‘The City of Joy’. The demand for affordable housing has risen over the past 10-15 years where customers seeking new affordable houses are paying just Rs 12-14 per square feet.
One more factor that drives customers into investing in this locality is its connectivity. The railway station, just 6 kilometres away whereas just 13 kilometres off Kolkata’s International Airport. Lastly its the popularity of this locality that drives many customers into purchasing flats in this locality.
Gariahat
Gariahat, one of the oldest localities in the city, has noticed vigorous improvements and developments in the form of educational facilities, hospitals, retails chains etc. These facilities have forced a boom in demand for affordable flats in Gariahat.
Well-connected with a metro-route and an unproblematic approach to E.M.Bypass, makes this locality top-notch when it comes to demand for affordable living flats in Kolkata, be it rented or self-owned.
Rajarhat
This satellite city in Bidhannagar promises swift and efficient development when it comes to its social infrastructure. One important factor aiding this township to be one of the most promising localities is its close proximity to other localities in Kolkata.
This northernmost locality swarms a large audience because it being an integral part of the business districts. Mainly the employees working in and around this region tend to purchase accommodations in this area.
However, with a newly intro metro line stretching from Biman Bandar to New Garia via Rajarhat makes connectivity not much of a strain. 2 BHK flats could cost you 9-13 rupees per square feet.
Happiness leads to one address
Keeping all these locations in mind, it's always beneficial if customers invest in these above-listed locations. However, when it comes to residential flats in Madhyamgram, Windermere is everyone’s go-to. With 2,3 &4 BHK flats for sale, ranging from 850 to 1680 sq. ft, these properties would not disappoint you and be a true bank for your buck.
So head over to Windmere by Signum Group and live a modern lifestyle adjacent to nature. Book a site visit today!