Is Positive Sentiment Driving the Growth of Premium Residential Segment in Kolkata?
When a Kolkata-based businessman, Prakash Arora, decided to shift from his old home in Hazra and get a new apartment for his family, he wanted nothing but the best. While driving back home from his ‘posh’ South Kolkata office one day, he saw an advertising hoarding for a premium residential project coming up along the…
NK Realtors
Can ‘Reverse Mortgage’ Become More Popular in India in Future?
72-year-old Asit Sen and his wife, 68, live in a house he owns in Manicktala. That’s the only asset the couple has. A former employee of the local post office, Mr. Sen lives off his meagre pension but with his wife’s illness, things are getting difficult to manage. Their son, who lives in Australia barely…
What are the Effects of RERA after Three Months of Implementation?
Real Estate (Regulation & Development) Act (RERA), 2016, India’s big-bang real estate reform, became effective from May 1, 2017. Every real estate project (either above 500 sq. mt. or 8 apartments), new or ongoing, is to be sold or advertised by the builder falls under the ambit of this new regulation. The new act…
Why is BT Road Fast Turning into a Hot Location for Home Buyers?
Kolkata appears to have come out of the hangover of long time underdevelopment, and the city is fast coming alive to much-improved facilities, cleanliness and urban infrastructure. One such stretch is B T Road which was somewhat neglected by the home-buyers for a long time has now become a highly preferred location for owning a…
Kolkata Property Market is Upbeat, Bookings Increasing
Kolkata property market has left the sluggishness of Jan-March quarter and saw a substantial increase in buyers’ interest and bookings in Apr-Jun quarter. It is also expected that the trend will be positive with interest rate reduction announced by the RBI. Property sales in Kolkata were somewhat sluggish in the last quarter of the financial year…
What Are Some Selected Areas for Low Budget Properties in Kolkata for Investment?
After gold, if there’s any other form of investment that guarantees returns, it is real estate. Despite economic reforms, global crisis and meltdowns, the search for a perfect home by realty end users seem to be quite palpable in various parts of India including Kolkata. Keeping this trend in view, Kolkata real estate developers are…
Will the Impending IT Sector Job Cuts Affect the Real Estate Sector in Kolkata?
The IT sector has been a major job driver over the last two decades, but the recent news of large-scale IT sector job cuts is threatening to unnerve the Indian markets, and its shadow is also looming over the real estate sector. The threat of job losses in IT-enabled Sectors (ITeS) and the Information Technology…
What You Should Know About GST Impact on Home Prices
Goods and Services Tax (GST) is finally here and will be effective across the country from 1st July 2017. The new uniform tax regime has been formed to do away with the overlapping, double taxation system prevalent in our economy, saving end-users from shelling out various taxes on the same product at different levels. However,…
Why It Is Wiser to Buy a Flat in Kolkata Than Renting One
Buying a home is perhaps the most common and the biggest dream of every Indian. Though owning a home in our society has a high level of emotional quotient, the decision has to be prudent, and backed by financial viability. An incorrect assessment can lead to financial difficulties like an overloaded debt. The union government’s…