Should you buy a property in Kolkata?

 

Choosing the right location is usually the biggest dilemma that property buyers face. The location has a major impact on how well the property would serve its purpose. Typically, the metropolitan areas of India are good locations for buying homes or commercial spaces. Kolkata is undoubtedly one of them. A property in Kolkata can fetch an investor lucrative revenue. End-users too, would benefit from a property here.

Kolkata offers excellent infrastructure in terms of education, healthcare and recreation. Here, you would find some of the best schools, colleges and other institutes in India. Availing quality healthcare services would not be an issue as Kolkata is home to several reputable hospitals. Known as the ‘City of Joy’, Kolkata also has plenty to offer when it comes to recreation and entertainment. The city comes with various shopping malls, multiplexes, amusement parks and other destinations.

Apart from being a great place to live in terms of lifestyle, Kolkata also offers ample commercial opportunities. Living here, you could potentially find employment in one of the various MNCs and blue-chip companies that have grown in Kolkata. The employment opportunities are growing, with the constant development in the IT sector in this city. The large and diverse population of Kolkata also opens up plenty of business opportunities.

Kolkata comes with a rich cultural heritage, which, along with the perks mentioned above, make the city a great place to live. If you are a home investor, you need not worry much about the returns. Considering the demand for homes in Kolkata and the influx of migrants, finding tenants would not be hard. The rising land rates also indicate that a property you purchase in Kolkata would gain greater value over time. However, make sure to choose the right property. It is necessary to take into account factors like the locality of the project, the available amenities, the pricing and the configurations. Ideally, you would want to buy your home in a project from one of the leading developers.