There has been a sudden boom in demand for residential apartments in North Kolkata taking into consideration the affordability factor. In recent times, there are several factors that have contributed to its rising demand, connectivity being one of the most important factors.
With ease of connectivity to the airport and AH-1 (Asia Highway-1) national highway, it's always necessary to make sure you are in close proximity with important landmarks in the locality.
Rise in Demand for Real Estate in North Kolkata Explained
Several localities in North Kolkata have been witnessing a rise in development activity. Highlighting areas such as Madhyamgram, Shyam Bazaar, Salt Lake and Barasat.
It is noticeable that around 90% of the demand in these areas are typically for the residential apartment category, targeting mainly the middle class section.
Most of the developers offering flats in North Kolkata are showcasing 2,3 and even 4 BHK flats,with a starting price of Rs.28 lakhs onwards.There are several amenities that are included without charging any extra fee from its customers.
Hence, How has the Demand Risen Over Time?
Keeping aside the affordability factors, there are several other advantages that drive other prospective buyers into purchasing these apartments. The facilities and amenities that these projects provide, along with easy connectivity to Salt Lake and Rajarhat, influences the buyer’s preference into purchasing flats in Madhyamgram.
However, buying a flat isn't that easy. There are several things to keep in mind before purchasing any flat. Proper scrutiny of documents and other relevant information pertaining to the property, ensures a sense of security and peace of mind that his/her investment is made in the correct place.
Discover 6 Things Before Purchasing Any Flat In Kolkata
Fix Your Budget- Before you begin house hunting and screening the best flats in Kolkata, it's always necessary to fix a budget in order to make sure you have an undisturbed investment. This makes things a lot easier as it would help you find the best property and avoid any uncertainty.
Check the Carpet Area- Don't forget to crosscheck the carpet area before booking any flat. Any accumulated area mentioned in the brochures not only includes the apartment carpet area but the staircase, lobby,thickness of walls and much more.
This signifies that the area is 30% smaller than the specified carpet area. Hence it is always advised to have a double-check on the carpet area before making any purchase decisions.
Legal Status of the Property- Every developer is required to have approvals and no-objection certificates from the Municipal Corporation, electricity board, water supply board etc.
All these certify that the builder owns the property. And also that the property has been approved by the development corporation. Cross Checking all the legal documents assures that the property is safe to invest in and you could move ahead to make this your next home.
List of Banks Financing the Project- Banks have become more suspicious with time when it comes to sanctioning loans for low-budget flats in Kolkata. The reason behind this is that most companies hold unsold inventory and have less cash to complete their projects.
By having a check on the listed banks involved, it also gives you an idea of the reputation of the real estate. You could also avail of easy loans at the lowest rates.
Scheduled Delivery of the Project- Before investing your money into any real estate, it’s advisable to have a complete assessment of its timeline. Taking its sales, delivery, pace explains as to when you are expected to enter the final project.
Nearby Infrastructure- Before purchasing any new flat in Kolkata , it's always necessary to check the surrounding area where you would settle in the near future. It’s always recommended to have a background check on the facilities like best-in-class amenities, physical infrastructure and connectivity at it’s best.
For eg. Windermere Project under Signum Group, has in hand, a bunch of modern amenities in the Northernmost region of Kolkata, providing its residents with a safe and comfortable lifestyle.
Hence the question arises,
Why Choose Windermere?
When you consider purchasing a property in North Kolkata, you would benefit if you head over to Windermere by Signum Realtors, which provides one of the best projects in Madhyamgram. Being like a gem-set in the flanges of the city, they make sure that their customers experience a comfortable life throughout.
From exclusive amenities to easy connectivity, Windermere makes sure you cherish your golden moments of life.
With Windermere, we assure that you live a stress-free life without any possibilities of needing to have a double check on anything.
