>> Jan 14, 2016
If you are looking for a house in Kolkata for under the price range of Rs 40Lakh, it may seem impossible in a metro city like Kolkata; however there are many areas where similar realty properties are present. Let’s have a look of some of such areas.
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Purchasing a house while the realty economy has hit a turmoil is a very big decision especially when you have a very low budget. However, budget should not stop you from hoping to have your own house in a metro. Kolkata is considered one of the most cost effective cities out of all the metros in India, the cost of living here is much lower than any other place and so is the price of property. Culture, large availability of land and low cost of living are some of the things that attract home buyers to this city, making the number of property for sale in Kolkata very high.
In a time where the property prices are skyrocketing, there are some localities which offers land/ houses at a pocket friendly price of below 40 Lakh, they are:
The area which is close to the Belghoria Expressway is a prime destination for home buyers in lower budget range. The residential complexes are being developed here in massive numbers that have features like security system,community centre and car parking. A few of these projects are ready to shift in and others plan on offering possession later in this year.
Plenty of public transportation amenities and closeness to the Sealdah railway station has provided the link to rest of the parts of the city that adds to ease of residents. The end users might plan to buy property here even though the chance of price growth is less because of stagnant development in the locality.
A well linked area having retail market, educational institutes, metro stations and medical facilities are in 2.5 km area. The proximity with airport gives advantage to the buyers who are constant fliers. Home buyers choose this area because the real estate developments are near the main road on which city buses are commonly present all the time of day.
This area gives multiple options in the under development and the ready to move in segment. It has a well built social and civil infrastructure in the 4 km area. The connectivity to the area gets enhanced because of the Eastern Metropolitan Bypass road in which continuous public vehicles are present.
It is a region entirely covered by the small plus middle scale segment developers. Eden City, a landmark has been providing ready to move in flats to buyers. The BBT Flyover which is being developed here links the area and Taratala plus other prime parts in the south region. The area enjoys proximity with the nearby market places which have all the basic necessities easily available, like the medical facilities, retail complexes among others.The launches happening here are hoped to increase the confidence of the prospects that have lost trust in the realty market due to economic slowdown.
Garia Boral Road
It is one of the well flourished localities of the region. Reasonably priced houses on the Garia Boral Road are easily available with basic amenities. The property prices are less here making end buyers interested in this locality because of the developed infrastructure. Residential complexes which are present in the locality have all the prime features such as children’s play area, power backup, water supply and car parking.The locals of this area enjoy the accessibility of metros that link with the main locations of the city for both work and recreation purposes.
Once you have made the decision of which area to opt for, it’s time to do an intensive research of the kind of property and the builder before you make the final investment decision.
Tripti writes on the behalf of 99 acres.com. Her articles talk about new developments in the real estate industry. She is an avid fiction reader, craftsman and a keen observer. Being someone who just observes without having a point of view, she keeps herself updated in real time. You can reach her on G+ and LinkedIn.