Pre Launch Properties In Kolkata offers plenty of options available for them in the market from the affordable to the posh and expensive. Famous as the Palace Metropolitan of India, Kolkata takes nowadays wedged the attention of national and international real estate developers and investors. As per recent reports, two major US companies have set themselves up to pump in billions of dollars in building world-class properties in Kolkata. Kolkata was considered to be one of the cheapest Indian cities but its real estate scenario has gone for a complete makeover. It has been showing a marked improvement across all sectors of its realty industry i.e. residential, profitable and merchandising. It has long shack off the image of actuality a lazy city and is emerging as an effervescent city. Kolkata real estate is on a progressive track as large scale developments have been taking place in the city. Pre Launch Properties In Kolkata The real estate developers also have caught the market nerves and now coming up with Pre Launch Kolkata Property for investors to focus in. Kolkata was considered to be one of the cheapest Indian cities but its real estate scenario has gone for a complete makeover. The real estate developers also have caught the market nerves and now coming up with Pre Launch Kolkata Property for investors to focus in. The US-based Wire Group has reportedly zeroed in a 5-lakh square meter commercial real estate project at Salt Lake area. The project would be just opposite to the office of Wipro, India-based global IT giant.
While there are several real estate projects to be launched under the partnership of national and international real estate players, the Wire Group alone has planned to infuse as much as $ one-billion into Kolkata properties, over the next couple of years.
Kolkata may have become habitual of facing ups and downs in its real estate industry. First, withdrawal of Tata's Nano project and then recession attempted to stagger the growing real estate of Kolkata. Withdrawal of Tata's Nano project and then recession attempted to stagger the growing real estate of Kolkata. With the entry of Tata Motors' Nano project, property in Kolkata was on an all-time high but after their unceremonious exit from the city, it was expected to fall. Nevertheless, it kept booming while maintaining the price and rental hikes. It kept booming while maintaining the price and rental hikes. The global downturn of the Indian economy caused ripples among the realty builders who were discouraged from further developments. Since the investors' interest also declined, Kolkata real estate became almost stagnant. Kolkata Pre Launch Residential Projects attracts investment opportunities as they are fundamentally strong. Kolkata Pre Launch Residential Projects But, in the current scenario, real estate segment of Kolkata has supposedly started recovering. In the current scenario, real estate segment of Kolkata has supposedly started recovering. In the annual property fair, Realty Expo 2009 conducted in the city, record footfalls, inquiries and residential spot bookings were made. Authorities confirmed the news by adding that the number of spot bookings had nearly doubled and an unprecedented degree of footfalls with a 20 % jump against the last edition was seen. This was totally unexpected due to the negative market sentiment apparent for more than a year and has thus, encouraged property developers to accomplish significant incremental business in the coming months. In the current scenario, real estate segment of Kolkata has supposedly started recovering. In the annual property fair, Realty Expo 2009 conducted in the city, record footfalls, inquiries and residential spot bookings were made. According to market sources, the company is primarily targeting the growing industry of IT and pharmaceuticals in the city. It is even being said that a US-based pharmaceutical company is planning to set up its Research & Development (R&D) center in Kolkata. Pre Launch Flats In Kolkata in the hub of the city is the main attraction even for the setting up of office premises of the different IT companies and the growing pharmaceutical industries. Also, Investors who seek handsome rental income are interested in Pre Launch Property In Kolkata. Current commercial real estate scenario. The Central Business District (CBD) of Kolkata comprises Old Dalhousie, Chowringhee, Camac, Park Street and AJC Bose Road does not offers much of choice in Grade A office space as more than three-fourth of the commercial buildings here are traditional and identified as Grade B and C office. Although, it is not that you easily get commercial property in Kolkata CBD. Pre Launch Flats In Kolkata It is not that you easily get commercial property in Kolkata CBD. According to property brokers, the vacancy rates are very low at the CBD locations. The observation is corroborated by industry reports that quote vacancy rates at Kolkata CBD between 0.50 and 1.0 per cent. This is why quality commercial properties at the suburban areas like Salt Lake and Rajarhat are simmering with demand. Given these reasons, the demand for investment property in Pre Launch Projects In Kolkata is rising year on year. Rental Values Owing to low vacancy rates, the rental values at the CBD have undergone an appreciation of about 50 per cent in the past 12-18 months. According to the arcade sources, the average rental at the Kolkata CBD area is Rs 120 per sq. ft. The same hovers between Rs 85 and Rs 105 per sq. ft in the suburbs. Typically, Pre Launch Properties In Kolkata has less property prices as compared to other metro city.
Kolkata may have become habitual of facing ups and downs in its real estate industry. First, withdrawal of Tata's Nano project and then recession attempted to stagger the growing real estate of Kolkata. Withdrawal of Tata's Nano project and then recession attempted to stagger the growing real estate of Kolkata. With the entry of Tata Motors' Nano project, property in Kolkata was on an all-time high but after their unceremonious exit from the city, it was expected to fall. Nevertheless, it kept booming while maintaining the price and rental hikes. It kept booming while maintaining the price and rental hikes. The global downturn of the Indian economy caused ripples among the realty builders who were discouraged from further developments. Since the investors' interest also declined, Kolkata real estate became almost stagnant. Kolkata Pre Launch Residential Projects attracts investment opportunities as they are fundamentally strong. Kolkata Pre Launch Residential Projects But, in the current scenario, real estate segment of Kolkata has supposedly started recovering. In the current scenario, real estate segment of Kolkata has supposedly started recovering. In the annual property fair, Realty Expo 2009 conducted in the city, record footfalls, inquiries and residential spot bookings were made. Authorities confirmed the news by adding that the number of spot bookings had nearly doubled and an unprecedented degree of footfalls with a 20 % jump against the last edition was seen. This was totally unexpected due to the negative market sentiment apparent for more than a year and has thus, encouraged property developers to accomplish significant incremental business in the coming months. In the current scenario, real estate segment of Kolkata has supposedly started recovering. In the annual property fair, Realty Expo 2009 conducted in the city, record footfalls, inquiries and residential spot bookings were made. According to market sources, the company is primarily targeting the growing industry of IT and pharmaceuticals in the city. It is even being said that a US-based pharmaceutical company is planning to set up its Research & Development (R&D) center in Kolkata. Pre Launch Flats In Kolkata in the hub of the city is the main attraction even for the setting up of office premises of the different IT companies and the growing pharmaceutical industries. Also, Investors who seek handsome rental income are interested in Pre Launch Property In Kolkata. Current commercial real estate scenario. The Central Business District (CBD) of Kolkata comprises Old Dalhousie, Chowringhee, Camac, Park Street and AJC Bose Road does not offers much of choice in Grade A office space as more than three-fourth of the commercial buildings here are traditional and identified as Grade B and C office. Although, it is not that you easily get commercial property in Kolkata CBD. Pre Launch Flats In Kolkata It is not that you easily get commercial property in Kolkata CBD. According to property brokers, the vacancy rates are very low at the CBD locations. The observation is corroborated by industry reports that quote vacancy rates at Kolkata CBD between 0.50 and 1.0 per cent. This is why quality commercial properties at the suburban areas like Salt Lake and Rajarhat are simmering with demand. Given these reasons, the demand for investment property in Pre Launch Projects In Kolkata is rising year on year. Rental Values Owing to low vacancy rates, the rental values at the CBD have undergone an appreciation of about 50 per cent in the past 12-18 months. According to the arcade sources, the average rental at the Kolkata CBD area is Rs 120 per sq. ft. The same hovers between Rs 85 and Rs 105 per sq. ft in the suburbs. Typically, Pre Launch Properties In Kolkata has less property prices as compared to other metro city.
