Tag Archives: Real Estate Property

Real Estate Service in Kolkata

Real Estate sector which gives real estate service in Kolkata has been dynamic over the past decades and has been climbing up on the growth scale. Kolkata has undergone a complete transformation on both commercial and residential real estate sector. The commercial real estate sector concentrated mainly on office, hospitality and retail sectors. Meanwhile the residential property in Kolkata North appreciated considerably in the last few years. Localities in Southern Kolkata like Ballygunj, Anwar Shah Road and Elgin Road have appreciated to be approached by the real estate developers at unprecedented level. Key factors behind such a steep rise in select localities are the limited availability of real estate options, successful retail and commercial projects and improved connectivity with improved urban road build quality.

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There are numerous areas, that exhibit good Market for sale property in Kolkata which is really good news for Kolkata property. Most of the population is shifted in the south-western part of the city, the palace city add a huge 72 acre modern township, within next 5-years. Therefore, it is easy to find property from reputed real estate developers in Kolkata for sale that can yield maximum return in future, as this is safer way than stock market to make money easily and rapidly. Properties in and around the project are prompting, and there’s lots of chances for speculative investments. While buying property, location of the property is one important concern area, especially for residential flat or apartment. Hence it’s necessary to opt a residential flat which is in excellent location had holds all the necessary animates like hospital, ATM, Bank, School and other related.

Many world known and reputed builder has joined hands with the Kolkata real estate, so there’s a huge possibility of advanced and technically sound infrastructure. Therefore, flats in Kolkata for sale are available in wide range of option including semi furnished, fully furnished, serviced apartment and so on.

Today, the budding Kolkata real estate sector is facing development in all its major segments like, residential, retail and commercial. Latest real estate market news in Kolkata excites people to make smart investment with good return oriented result. With the boom in real estate, now people are very much interested in property investment in both the residential as well as commercial sector. The Kolkata market has recovered to certain extent in the following years, therefore, it is magnetizing a lot of investors once again.

 

Indian residential realty promises to bounce back in 2015

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After a slump over the last few years, the Indian realty industry is finally showing signs of resurgence in 2015. The country’s GDP growth has risen to 5.5% this financial year against last year’s 4.7%, which in turn is a good sign for the Indian property market. There has been an upsurge in the development of new flats in Kolkata, Delhi, Mumbai, Bangalore, Hyderabad and all the major cities of India, and the trend is only bound to go upwards in the days to come.

If we go back a year, we can track the revival actually starting in May 2014 with the election of the new government in the center.  A number of new policies and reforms since then have turned the sentiment in favor of the Indian economy, which in turn have boosted the Indian real estate to a great extent.

Some of the major new measures taken during this one year included:

  • Incentives for infrastructure financing announced by RBI
  • Reduction in interest rates on home loans
  • Allocation of Rs 4,000 crore for affordable housing
  • New framework for Real Estate Investment Trusts or REITs
  • Relaxation in foreign direct investment (FDI) norms for construction

The relaxing of the complicated FDI norms by the government is already boosting foreign inflows and enhancing liquidity. Add to this the creation of 100 Smart Cities, infrastructure development across India as well as the government’s aim in bringing affordable housing for all by 2022, the Indian realty industry is already looking up in 2015.

The upsurge in the Indian real estate has had a big impact on the regional property markets. For instance, in the east, the Kolkata property market is gradually experiencing a rising demand in residential properties. New flats in Kolkata in different locations and price ranges have been coming up thick and fast to cater to this demand and all this augurs extremely well for the Kolkata flats market.

Recently, property developers in Kolkata just like all other regions in India have been focusing more in mid and affordable housing offerings rather than premium projects. A number of developments tagged as affordable flats in Kolkata have started coming up off late. People have already started showing tremendous interest in these affordable Kolkata flats as a result. The same trend is visible in north, south west and central India as well, which promises to result in far more property sales compared to previous years.

Another factor expected to boost demands in the upcoming days is the launch of REITs in India, which is ultimately expected to attract funds worth $20 billion. Once launched, REITs will help retail investors safely invest in realty ventures as well as help developers improve liquidity even when the market conditions are not so favorable.

Two other real estate up swingers are the ‘Ordinance on the Land Acquisition Act’ and the upcoming ‘Real Estate (Development and Regulation) Bill’. While the former has relaxed many of the stringent norms on the consent, rehabilitation and resettlement clauses in land acquisition laws, the later is expected to bring greater transparency in the realty and help developers raise capital from different financial institutions.

With new policies and reforms in place and even more coming up, a government more supportive to the industry, burgeoning property demands and a plethora of projects in line including a new affordable segment of Delhi, Mumbai, Chennai, Hyderabad, Bangalore and Kolkata flats, the Indian Real Estate sure promises to bounce back in 2015.

 

Axiom Estates – Bringing India Property Services Worldwide

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Axiom Estates has been the fastest growing provider of India property services globally since 2004. Over the last 10 years, Axiom Estates has tied-up with over 100 top developers of India that includes prominent names like DLF, Unitech, Godrej, Jaypee, Hiranandani, Lodha, Raheja, Shrachi, Sureka, Purvankara, Prestige and others.

India Property Road Shows in USA

Axiom Estates has expanded its service delivery platform in all key areas of Indian Real Estate that includes buying or selling of residential properties, land and plots and commercial developments. Axiom Estates offers a wide range of flats, apartments, villas, plots and office or retail spaces in Kolkata, Delhi NCR, Mumbai, Goa, Chennai, Bangalore and other cities. With a team of over 100 professionals based out of offices in Kolkata, Delhi, Chennai, Bangalore and Goa; and property advisors equipped with real estate expertise, market knowledge and up to date property information like area, BHK, price, amenities, etc.,

An Indian TV Channel in USA in discussion with Rajesh Goenka of Axiom Estates

Axiom Estates is best placed to help you make an unbiased, well informed and hassle free property investment decision. Axiom Estates also has a prominent presence on the web with its website www.axiomestates.com that not only presents the best of properties across various Indian cities, but also provides the latest news in the Indian property market, stories on new policies, property trends across India and articles that guide potential investors to understand Indian real estate better before making any property investment decision.