Kolkata real estate marketplace has been mounting by leaps and limits and is today one of the most lucrative speculation destinations in the state. The inventiveness of real estate developers in Kolkata have pervaded the once-jaded look of the city with swank residential apartments and commercial spaces with a bold message that 'Kolkata has truly arrived'. New Residential Projects in Kolkata has taken a big step in real estate market. Rajarhat, the satellite township of Kolkata, accounts for the hottest current real estate factor in Kolkata. Rajarhat has become more prominent as two real estate developers with development worth Rs 200 crore, are all set to invest in Kolkata real estate. The project is esteemed and significant because it is a joint venture with West Bengal Housing Board; the project is esteemed and significant. New property in Kolkata has changed the mind of longstanding inventors. The projects are the result of joint sector development in Rajarhat. Highland Park developer United Credit Belani Group (UCBG), South City Projects consortium member Park Chambers, besides first-time applicant Bengal Housing will try to allure patrons for the sophisticated houses. New Residential Projects In Kolkata UCBG Management Executive, Nandu Belani, places his focus on building as his main element to entice customers. This should certainly move a variety of end users to buy flats in Kolkata that is not supposed to offer much in terms of new real estate ventures. There are many vacant lands are sold for the Kolkata new residential projects. Kolkata properties will be esthetically contributing to the lifestyle element in these real estate projects. Dulal Mukherjee, the architect lays emphasis on the lifestyle elements that will be incorporated in the development of the project. The 5.18 acre scheme comprises Oak: a bunch of four-storey LIG bed-sitters; Maple: MIG suites in a 14 story block; Birch: HIG bed-sitters in a 23-floor tower; and Hazel: a cluster of townhouses. New project in Kolkata is making news for its redevelopment and infrastructural growth.
Buying apartments in Kolkata will not be a dream any longer as the project will see the first high-rise in the middle income segment with a 17-story structure. The higher income apartments will be housed in three 20-story towers. There will also be a double-story car-park. Of the 550 apartments, 50 per cent will comprise the LIG-MIG mix. Under scheme for the urban housing development is the Interest Subsidy Scheme for Housing the Urban Poor (ISHUP). Under this policy interest subsidy is provided on housing loans granted to the economically weak people. New Property In Kolkata Those seeking such housing loan can avail it from commercial banks or finance companies with 5 per cent subsidy on the interest. New Housing Projects in Kolkata as compared to other metros like Delhi and Mumbai. Under scheme for the urban housing development is the Interest Subsidy Scheme for Housing the Urban Poor (ISHUP). Keeping millions of people, who have moved on to urban areas for work, in mind, it looks like this migration is one of the primary because that has led to the present housing crisis. Keeping the on-going crunch in mind, the government has set a target of providing houses to 3.20 lakh people. However, with the 11th year plan nearing its deadline, strange as it may sound only 5038 houses has been provided so far. This affordable housing scheme was launched in 2009. It aims at making one million houses available for the economically backward people. Kolkata New Residential Projects As of now around 14 projects have been approved under the scheme to meet the crisis. New Upcoming Kolkata Housing Projects of Real Estate have shown a steep upward graph. But with the Indian population witnessing a 3.8 per cent annual growth due to people migrating to urban areas, higher birth rate and lower death rate, it looks like India despite the efforts made will still run short of urban dwelling by 2012. Many developers design very stylish community for New Residential Projects in Kolkata. Properties in Kolkata are not very high priced mainly due to its age old culture and caricature. Newly Kolkata Real Estate sector took a high turn as many housing as well as profitable projects exploded up.
