The real estate market in Indian cities such as Delhi, Kolkata, and Bangalore is growing very quickly. While a lot of real estate is in the nature of apartments as they are more viable in cities where space is at a premium, you can find a 3 bhk bungalow in Kolkata if you look around. India’s population is currently at 1.4 billion. 15 million people are in Kolkata alone. With more people wanting to invest in property than ever before it makes sense to find a real estate agent who is experienced, qualified and knows the city well as the demand for property keeps increasing.
What do buyers prefer?
Traditionally buyers in India like a larger home with room for multiple generations to live together. That is why some are looking for a 3bhk or a 4 bhk bungalow in Kolkata. They want the convenience of buying in the city where work is and all the opportunities are but a space where they can also create a family home. In more recent years more people are recognizing that apartments are another option and that it is possible to find them with 3 or even 4 bedrooms. Apartments can be of various sizes for single professionals or for larger families. You can have services within the apartment block you might enjoy, a pool, a gym, and they are affordable and easy to look after.
Many residential projects in process
There are a lot of developers out there in India with many residential projects in play and many coming to completion. Whether you want a traditional 3 bhk bungalow in Kolkata or something more modern in the form of an apartment is up to you. Just keep in mind with high demand means you are not the only one looking for the right property. Often people have to buy a property when it is not even completed yet.
Properties continuing to increase in value
If you do invest in a luxury 4 bhk bungalow in Kolkata you know that in time the value will increase and you can then decide whether your family will continue to live there or whether you want to sell and make some money. That is why even when finding the space is getting harder having new bungalows built is still something developers are working on. There is still demand for bungalows in Kolkata and other cities and there likely always will be. A lot of developers are creating modern styles and designs to draw people to invest in bungalows still.
Investing in real estate in India is a great way to have something of value and to have a space for you and eventually your family to live. But when we are talking about property in the cities things are definitely going to cost more. You can find traditional bungalows as well as apartment buildings, the choice of which to move into is a personal one and depends on your living situation and your budget.
Bio – Emami Realty, the real estate arm of Emami Group was incorporated in 2006, to undertake real estate projects in residential, commercial and retail sectors. Emami Realty Ltd has a pan India presence with over 3.7 crore Sq. Ft development at different stages of planning, construction and delivery across West Bengal, Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Orissa, Maharashtra and Sri Lanka. These projects are being executed under various Special purpose Vehicles (SPVs) and joint ventures (JVs). The Group has the distinction of delivering some of the landmark projects including South City project (commercial cum residential), Urbana (residential), Orbit Heights (residential) and Emami City (residential) in Kolkata, Emami Tejomaya (residential in Chennai), Emami Aerocity (residential) in Coimbatore, Emami Nature (residential) in Jhansi. The company is committed to excellence in design and construction, by partnering with internationally acclaimed names like Moshe Safdie, L&T, Meinhardt Singapore, SRSS Singapore, Green Architects Thailand, Sanjay Puri & Associates, Kapadia Associates etc.