Where and How to Invest in Properties in Kolkata

A typical Indian family thinks of investing in a home as the safest investment for their future. As the demand for new houses increases, an investor should be careful to identify a genuine property project meeting their investment needs. Real estate developers are well aware of increasing demand for 2 BHK fully furnished flats in New town or 3 BHK flat in Salt Lake, Kolkata, and thus fly by night developers attract new home buyers with attractive schemes only to stop the project and either run away or complain of losses and not even return payments.

With growing population, spaces for new real estate project launch and development is getting smaller and smaller and thus the sooner a home buyer identifies a right property to invest the better. The property builders are moving away from the city to the outer areas around the city and thus they are the most lucrative investment options for two reasons. One, being away from the city, the relative cost of the property investment say, 2 BHK fully furnished flat in Rajarhat, Kolkata, will be lower compared to properties within the city. Second, as more and more of the populations, companies and manufacturing units move out of the city and into these outer areas, the value of the invested property is bound to escalate many-fold within 3-5 year time.

 

One of the major benefits of investing in a property is the rent income one get. Smart investors invest early into their career so that by the time the property gets completed or if investing in a fully developed home, they can start earning rental income. An investor with a deep pocket can invest in a Bungalow or villa in Newtown or Rajarhat, Kolkata to get even better rental returns. Search for bungalows in Rajarhat or any other Kolkata city on property portals 99acres.com, makaan.com or kolkataproperties.in and identify top 5 properties to invest in.

If you are on a budget, try searching for 2 BHK flat in Kolkata within 15 lakhs or 3 BHK flat in Kolkata within 20 lakhs to refine your scope for investment. Ask property investor consultants or agents for the right property to invest in, if one is not sure or needs expert advice.

After having identified top 5 properties after a thorough research and consultation, visit the property location for the second level of research to remove the option that does not matches the budget. Visiting the property location helps in knowing the market and the actual property prices in that area. Sometimes, property portals can have old property rates not true now. Talking to local real estate agents helps to know the market rates of the properties. Personal networking helps at this stage where looking for someone familiar who knows about the area helps even better.

Instead of investing in new real estate projects, one can also invest by buying a property on sale. Again networking helps in identifying such investment opportunities within friends’ circle. A quick search for house for sale in New town or bungalow for sale in Salt Lake helps understand the opportunities and the property values.