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…
NK Realtors
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…
Some Great Locations to Buy Flats in Kolkata for Investment
As spaces for new development in mainland Kolkata shrink with time, locations around the fringes of the city are rapidly emerging as the nerve centre of Kolkata’s real estate investment, promising impressive returns over a mid to long-term time spread. These areas, which have already grabbed the attention of real estate investors, are increasingly becoming…
How Carpet Area Based Pricing Can Affect Home Prices
The Real Estate Regulation and Development Act (RERA), the central law that came into force on 1st May 2016, stipulates every state to implement the act within a year’s timeframe. As we are approaching 1st May 2017, RERA is still under the process of implementation in West Bengal although it is unlikely to meet the deadline. But…
What’s Turning Kamalgazi into an Ideal Location for Home Buyers?
When IT professionals, Pratul and Seema Barik were planning to shift base from Chennai to Kolkata, they were looking for a south Kolkata locality that could give them quality lifestyle at an affordable price. When a friend suggested Kamalgazi off Garia, they weren’t quite sure. But, after a week of research and talking to some relatives,…
Is New Town Emerging as the New Business District of Kolkata?
When we think of the central business district of Kolkata, Dalhousie Square is the most iconic place that immediately comes to mind. A beautiful water body sits in the middle, hemmed in on all sides by serene trees with the archaic tramlines running along the perimeter. Beyond that stand a number of heritage buildings dating…
Pradhan Mantri Awas Yojana Now Offers Better Benefits to EWS and LIG Families
The Hon’ble Prime Minister, Shri Narendra Modi, envisions ‘Housing for All’ in India when the country steps into its 75th year of independence in 2022. The Prime Minister, in his New Year’s Eve speech on December 31, 2016, emphasized the government’s focus on implementing the ‘Housing for All’ mission in the rural sector by announcing…
Are Homebuyers in Kolkata Buying Flats Now? The Reality is Not What You Think.
We have been hearing it for quite some time. In fact, we have been hearing it for such a long time that some of us started believing in it. We have been receiving regular enquiries from homebuyers, and the common question is, “Is it the right time to buy flats in Kolkata? I suppose nobody…