| Kolkata
Investment Scenario Currently Kolkata is witnessing a boom both in the residential as well as commercial sector with large amount of investment purchases in the suburbs, in South Kolkata and EM Bypass. This demand has largely been driven by the surge of various corporate houses setting up shop in the city. The advent of IT/ITES companies in the city has gained momentum steadily and is anticipated to continue to drive demand and growth prospects for the city. State government's initiatives would ensure fresh supply. The intense development activity in Kolkata is anticipated to create an over supply scenario thereby applying downward pressures on the rentals in the suburban micro markets. We have projects all across the city and suburbs namely, Diamond City South, Diamond City North, Kolkata West International, Uniworld City, Vedic Village, Hiland Woods etc. In our opinion Capital Value Price Appreciation
is set increase by 3-4% over the next 1 year. The rentals are expected
to be 10-12%. |