The Dilemma of Investing in Land or Flat: The Wisdom of Om Prakash Todi
It was a long time since Om Prakash Todi (name changed on request) felt confused. Generally, he always was brimming with supreme confidence. In his air-conditioned office, he was thinking about how times changed. The cup of tea on his table was getting cold. All of his 55 years, he was always conservative with money….
NK Realtors
Will the RERA Implementation Increase the Prices of Flats in Kolkata?
The real estate buyers in Kolkata are eagerly expecting the implementation of the Real Estate Regulation Act, 2016 (RERA) as it is widely believed that the RERA will go a long way in protecting the interests of the buyers. While the RERA will surely enhance consumer protection, but there are strong reasons to believe that…
Should You Buy an Apartment in Kolkata Now after Demonetisation?
In the evening of November 8, 2016, the Prime Minister of India declared a path breaking policy decision to demonetise Rs 500 and Rs 1,000 currency notes. The declaration shocked the nation and soon everybody began to try and understand the implications of this step. As time passed, myriad opinions emerged about the short, medium…
4 Measures that Can Boost Transparency and Confidence in the Kolkata Property Market
The recent regulations passed by the parliament and some steps by the government are expected to make the Kolkata property market more transparent and bring in long-term confidence in the market. These measures are the Real Estate Regulation Act (RERA), the Benami Transactions (Prohibition) Act, 2016, the Goods and Services Tax (GST) and the demonetisation of Rs…
What to Look For When Buying a New Home in Kolkata
With no loans to repay and a not-too-high retirement goal, bank executive Samir and his schoolteacher wife, Aruna was saving enough to support their child’s education and marriage while setting up a decent retirement plan. However, there was one thing that threatened to derail the family’s financial plan — home buying. Having spent most years…
How Demonetization Will Affect You While Buying Property in Kolkata Now
In an unexpected move, RBI has recently scrapped currency notes of Rs 500 and Rs 1000 and announced the replacement of a new set of currency notes. These notes are being exchanged from banks and post offices across India. One can deposit such notes freely in one’s bank account. While the move caught everyone off…
Luxury Homes for Sale in Kolkata Rise by 20% in 2016
Luxury homes for sale in Kolkata witnessed a phenomenal rise of 20 per cent during the (H1) of 2016, According to a report published by a leading real estate industry observer. As the city scaled new heights throughout the (H1) 2016 timeline, the supplies for such swanky units also experienced an incredibly impressive hike in…
Top 5 Myths About Property Investment Busted
Property investment myths are famed for inducing tension and confusion. Am I too young to invest in property? Are property investments safe? What if the prices fall? – are questions that cloud our minds when it comes to investing in properties. Although most of these are pertinent issues, there are ‘n’ number of myths surrounding…
How Upcoming Areas in Kolkata May Look After 5 Years
In five years, it will be time for Pradeep Arora, 55, move into his own apartment, no more hopping around company-owned residential complexes. So he marked this day and decided to give himself a deadline in deciding the location he would like to plant his roots in. He started his research on the different zones,…