The City of Kolkata which is known to be the City of Joy has thus tremendously earned its fame for its rich culture, peaceful state as well as the strong family bonding. In the past seven to eight years this city has successfully witnessed a radical change in the mood of the younger generation. The mushrooming growth of the numerous software companies in the region of Salt lake has thus resulted a substantial absorbance of the local pool of the well qualified engineers thereby resulting to generate a rise in the graph of the income. It has thus become a big necessity in terms of owning a flat in the modern complex, and hence has thus germinated a great demand for the residential complexes. The private promoters as well as the joint ventures project has thus open the corridors in terms of welcoming these buyers. As a matter of fact this has thus lead to the boom of the real estate in the city. Certain areas like South Extension, New Town as well as Garia has thus become the most sought after the prefered residential area due to the better supporting infrastructure as well as the extension of the proposed metro station. The developers over here are thus becoming much more adventurous and hence are thus taking the calculative risk in terms of launching the better residential complexes in the large format, thereby leading to the rise in the property prices. The New Town in Kolkata is thus seen to have a phenomenal appreciation of nearly 40% annually, whereas the projects are being developed by the joint sector companies and hence are getting sold at the launching stage. The phenomenon of purchasing the property either for the self occupation or the investment purpose is thus known to be one of the biggest investment that is being made by a person during his lifetime. As a matter of fact the industries are thus coming up with numerous housing concepts consisting of the bungalow, apartments, penthouses, studio apartments and many more. Investing on the 1 BHK flat in Kolkata thereby gives huge benefits to the investors in various ways. It will cater the needs of the customer whereas they can easily afford it and can rent or sell it easily on their wish. It seems to be highly beneficial for those students who migrate from one city to another with respect to the acquiring and renting them thus providing them a decent shelter. Either be the segment of the residential, commercial or the retail outlets, both the rentals as well as the capital values seem to be less when compared to the other big cities. Be it to buy the 2 BHK flat in Kolkata or to rent it, this city is thus standing as a staggering hotspot. The sheer demand for the investment is thus rising year by year. The builders over here are thus seen to catch hold the market nerves and are thus coming up with numerous new projects that are seen to be focussing on the investors. On the other hand, Garia is one such locality and a perfect destination for those home seeker who seems to be falling into the middle income group.
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