Della Moris
Kolkata is a fast-growing metropolis. The boundaries of the city are expanding at a rapid rate. There are tons of infrastructure projects currently going on to improve the roads and transport system. All this development has, in turn, given a major boost to the real estate scenario in Kolkata. Realty projects in the city have been seeing an upward growth in the last few years. New players are entering the market, including reputed global companies. High-end residential projects are being developed all over the city. Thanks to the infrastructural developments taking place, many neighbourhoods in Kolkata are becoming more accessible. This has opened up more avenues for real estate growth.
In this kind of booming reality situation, the scope for investment opportunities is great. There are a lot of luxury apartments in Kolkata being made right now. Thanks to the infrastructure development of the city, far-flung localities have now become a part of Kolkata. The expanded metro rail corridors and the new highways and flyovers have increased the accessibility of remote areas. For example, Barasat which used to be outside the city limits till some years ago is today considered to be a part of Kolkata. This has resulted in a large-scale real estate development in these areas, including both residential and commercial development. A lot many new housing complexes have come up, both in the city and these developing neighbourhoods. These luxury residential projects are a unique combination of spacious apartments, world-class amenities and top security features.
These upcoming residential projects are great for investing in the real estate sector. Most of these premium housing complexes are built over large acres of land to provide a greener surrounding. Because of so much land required, these projects are more commonly developed in the up-and-coming neighbourhoods that are a little far away from the city. For investors who are interested in real estate, it is better to buy an apartment in one of these remote neighbourhoods. Because of the faraway distance and less development of the area, property prices are relatively low. Hence, investors can buy a home at low costs. 10 or 15 years later, when the highway is built and metro rail becomes operational, the same locality will become much more developed. Consequently, the property prices will also increase. Investors can re-sale their apartments and get a much higher return than their original investment.
The options for buying a home in Kolkata are plenty. From residential apartments to a luxury villa, choices are many. In such a situation, it might be confusing for a home buyer to zero down on a single property. If you are currently looking at luxury apartments in Kolkata to make a purchase, below are a few things to keep in mind.
Well connected & accessible
Make sure the apartment is located in a well-developed neighbourhood. Your home address should be in close vicinity to the best hospitals, reputed schools and institutes, and major shopping centres. It is even better if the area has easy accessibility to the railway station and airport. Being located close to a metro rail station is also a bonus. The more accessible a location is, the more appealing the apartment is for buyers.
Latest amenities
When going through luxury apartments in Kolkata, buyers should ensure that the residential complex includes all modern amenities. These include elevated jogging track, children’s play area, senior citizen’s sitting area, air-conditioned gymnasium, swimming pool, community banquet hall, indoor games room, squash court, party hall, a private theatre and much more. These various facilities make life easier for residents.
Quality raw materials
When purchasing a new home, buyers should take note of the quality of raw materials that have been used in the construction. A luxury apartment usually has Italian marble flooring used in the living room, dining area and bedrooms. The bathroom must have imported marble tiles, while vitrified tiles and a granite cooking counter should be used in the kitchen.
Greener surroundings
Certain home buyers look for eco-friendly amenities in their living space. For example, a residential complex that boasts of open lawn area and landscaped gardens. Most projects nowadays have a provision for rainwater harvesting which can be used for landscaping. LED lights are installed in the common areas to minimize energy consumption. A solid waste management system is also in place.
High security
A home’s security aspect is also an important deciding factor. Ideally, the residential complex should have 24-hour CCTV surveillance with cameras installed in the corridors, elevators and parking lots. Fire detection systems and smoke alarms must also be installed.
