Real Estate Investment in Kolkata and in Pune – A Profitable Deal

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It’s a significant moment in anyone’s life when he finally owns a home. Buying and owning a home is a process that limits a person’s financial risk and increases his investment power. It saves his tons of money over the long term and it can even save money immediately. Therefore, buying a home is a transformative experience for anyone and can help financially as well.

The Real Estate Industry is growing at a very fast- pace in Kolkata, India. Infrastructure development in this city has made potential investors and buyers choose this place for their dream home. To earn a better return resale flat in Kolkata is always a suggestable option.

Pune, India, a cultural and educational hub of India, attracts buyers from all over the country and abroad. Pune, India is often referred to as the pensioner’s paradise, due to its greenery and tranquil climate. It is very natural for the NRIs for having a strong desire to own a home in the country of their origin.

Top four Reasons why to invest in Kolkata Real Estate sector?

•Availability of Properties is centrally located areas: Residential structures by top real estate companies in Kolkata, India is coming up in posh localities such as Ballygunge, Part Street, and EM Bypass.

•Development of the suburban areas: The city is continuously expanding in its surroundings. With improving infrastructure and connectivity, many top developers in Kolkata, India are moving to suburban areas such as Rajarhat, Barasat, and Uttarpara.

•Affordable Property Prices: In terms of investment, compared to other metro cities in India, Kolkata has always been a safe bet in the property market. Also, compared to other metros, this city is offering an affordable range of housing to all classes of people.

•The chances of Price Escalation: Properties in newly developed areas such as Rajarhat and Newtown have better chances of price escalation. The resale flat in Kolkata is also available in combinations.

Top Five Reasons for investing in Pune Real Estate sector- a hotspot for real estate investors and home buyers.

•Return on Investment: Pune is an established market with many participants to sell & buy off the asset without a massive impact on the price.

•Steady income from rentals: Cash flows from real estate properties are steady and far more predictable than that of most other investments.

•Accessibility: Most of the places are easily accessible, and transportation is not a problem in Pune. People may reach one corner of the city from another in just 1 to 1.5 hours.

•Livability: Pune is one of the most livable cities in India. This is an excellent place where people can get a glimpse of the new India.

•Upward trends for property: The real estate market never goes down, especially in a city like Pune. These reasons have ensured that the NRIs get adequate chances to resale their flats in the future for better investment returns.

Best Localities to buy the house property in Kolkata, India:

There is a large scope of development and growth in Kolkata, India. So, if the buyer is looking for the best locations to buy a flat in Kolkata then here is the list of some ideas:

•Tollygunge- This place is located in South Kolkata and has the best projects for potential buyers & investors.

•Rajarhat- This location is also known for the best projects developed by renowned developers. Some of them are Siddha Happyville, Siddha Galaxia Phase 2, PurtiAcqua, Purti Star.

•Joka- It is one of the fastest-growing Real Estate locations in South-West Kolkata. It is the bright new spot in Kolkata’s Real Estate market. The best project here is RajatAvante.

•New town- This location is best known as the hub of Information technology. It also carries the best project Jain Dream One for the prospective buyers and investors.

Best Localities to buy the row house in Pune, India:

Pune is the largest city in the southern state of Maharashtra, India and it is the fourth largest in Maharashtra state. If the buyer wants to buy a 1rk on rent in pune then he must consider locations given as following:

• Talegaon: It is centrally situated and is home to some row house projects. There are comparatively reasonable property rates here.

•Wagholi- It is one of the key areas for residential and row house projects in Pune. There is easy access to several commercial hubs from Wagholi localities as well.

•PimpriChinchwad- This is one belt where people will certainly find row house projects at really competitive prices.

•Dhanori- This fast-growing area is also having row house projects and it promises a good scope for future growth.

Other areas to check are Lohegaon, Paud Road, GaonRanjan, Shikrapur, and Ravet.

Real estate Property rates Kolkata, India:

The key areas in Kolkata like Rajarhat, E M Bypass, New Town, B. T. Road are under constant development. The prices of properties in these localities begin from Rs 5108 per sqft, Rs 6008 per sqft, Rs 4682 per sqft and Rs 3660 per sqft, respectively. Roads are constructed to connect these localities to the main part of the city. The placement of hospitals, schools, universities, and metro railways as well as the airport have become determining factors for subsequent real estate projects and developments.

Real estate Property rates in Pune, India:

Price growth over the last one year in Pune for the property with respect to selling or rental purpose has been increasing There are approximately 107000 ready to move in projects for sale in Pune while more than 25000 are in various stages of construction. With the various resale properties, there are few new launches as well.

In Pune, row houses mean individual flats and houses are also available in a variety of options and rates. Some trends are:

• Aundh with an average property price of Rs 9,972 per sqft,

• Kalyani Nagar with property rates as Rs 11,259 per sqft

• ShaniwarPeth with rates of Rs. 10,765 per sq ft.

Naturally, NRIs prefer to invest in residential in Pune for good rental returns and the best eventual resale value. They are showing a lot of demand for luxury homes and higher mid-income residences in the range of Rs 65 lakh to Rs 3.5 crore.

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