Kolkata Properties - all Set to Flourish

                                                                                         

Kolkata real estate market has been growing by leaps and bounds and is today one of the most lucrative investment destinations in the state. The initiative of real estate developers in Kolkata have infused the once-jaded look of the city with swank residential apartments and commercial spaces with a bold message that 'Kolkata has truly arrived'.

Kolkata properties is all set to flourish with the West International City across the River Hooghly in Howrah, the first venture funded by foreign capital, is spread over 390 acres that will offer 5500 bungalows on free hold land by 2009. With the best lifestyle accessories to boast, the township is just a drive away from the business district.

South City promises to be a landmark as the real estate developers in Kolkata like Emami, Sureka, Shrachi, JB and Merlin Group of companies have come together for 3 residential-commercial projects on Prince Anwar Shah Road, B.L.Shah Road, and Alipore. Standing 35 storey’s tall, South City will also house the city's largest mall and an international school.

Properties in Kolkata are not very high priced mainly due to its age old culture and caricature. Recently Kolkata Real Estate sector took a high turn as many residential as well as commercial projects popped up.

The West Bengal government has created a cross-subsidy model for real estate developers in Kolkata, allowing them to make profits on high income housing provided middle income groups are sold flats at a no-profit, no-loss basis, and to the lower income groups at a lower than cost price. Experts are of the view that ready commercial spaces available at short notice would make Kolkata a more attractive destination for major corporations which are now looking for facilitates in the city.

About the author:
George Gonigal provides you the best and latest information on Delhi Real Estate, If you want to Buy Apartments in Kolkata, he suggests you log on to magicbricks.com

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