One of the most important signs of development is housing. The quality of homes plays a role in indicating the quality of life observed by the population. However, this progress should not only be limited to the high-income segment – which is just a chunk of the total population. Low-cost housing needs to be given importance above all, which is where true development starts happening.
There are several core reasons that dissuade developers to undertake these types of projects. Private developers, rather, the big brands in real estate, are hesitant when it comes to developing low budget flats in Kolkata. While the demand is high, there are a number of reasons why these projects are not as popular as they should be. Here are a few of the following:
● Lack of availability of land area
● Rising costs of construction
● Unreasonable prices for land
● Low purchasing power of the target population
● High fees and charges incurred
● Unfavourable policies and development norms, etc.
These restrict affordable housing and its presence in the real estate industry. While there are efforts to encourage this type of housing, such as tax benefits, one cannot be assured of the quality of the home they purchase. Thus, finding the perfect low budget flats in Kolkata can be time-consuming and not as easy to find as you perceived.
In fact, many projects are also abandoned halfway. When the construction time is extended, the input prices rise significantly and put a strain on developers. Financial aid being the most prevalent, low-cost housing is an area that builders are apprehensive of. At the same time, regulatory issues, finding and support, as well as approval from authorities tend to produce unproductive delays.
Moreover, there is a misconception that low budget apartments are placed in far-fetched regions away from their developed counterparts. Developers choose distant locations where land prices are cheaper (but economic and infrastructural development is significantly backward).
However, widespread development is happening at large, with the extension of metro lines, creation of new flyovers, etc. In fact, there is a low-cost housing project that even uses the river as its medium of transport for residents.
Are you familiar with New Kolkata?
Presenting New Kolkata - Alcove Realty’s Cost-effective Housing Project
Alcove Realty has the perfect solution for those seeking the perfect fusion of price and quality. Being one of the top real estate builders, their reputation definitely precedes them in the city. Thus, with New Kolkata (its upcoming residential project), you can find flats in Kolkata within 30 lakhs, which assures an upgraded lifestyle surrounded by the best of facilities.
Looking at the price, one might think this project is misleading or may have some faults. Of course, one can be apprehensive of anything under the banner of ‘Low Cost Housing’. To clear that voice in your head that disapproves, you can be equally stunned by its several features encompassing transport, location benefits, amenities, and more importantly, the price factor.
What makes New Kolkata the Best Budget-friendly Residential Project?
Let us see what makes these flats in Serampore, Hooghly one of the top picks for residences.
What will really surprise you is that New Kolkata offers riverside apartments for its residents. Its Ganga-facing flats over an unparalleled view of scenic beauty each day. Its flats in Kolkata within 30 lakhs range across 1,2 and 3 BHK category of apartments:
Thanks to the infrastructural development in Kolkata, one can find areas easily connected via efficient routes and mediums of transport. Serampore is one such location that offers easy access to the city. Thus, one can commute easily via –
● Road: Autorickshaws, buses, taxis
● Rail: Serampore Railway Station
● River: Private ferry for residents
● Metro: Upcoming Dakshineswar Metro
Even though this project embodies the concept of low-cost housing, it does not compromise on the need for a good location. Tapping the vicinity of Serampore, one can find all that they require for their day-to-day lives. With New Kolkata, one has access to the following:
● Educational Institutions: Serampore College, DPS North, etc.
● Entertainment Zones: City Center II, New Kolkata Plaza (on site), etc.
● Medical Facilities: Relife Hospital, Serampore ESI Hospital, etc.
One will be easily influenced to buy these low budget flats in Kolkata upon hearing about the standard of qualities that one can find. The signature of Alcove Realty can once again be seen, as its residents can be assured of ease and convenience through the following:
● Swimming pool
● AC indoor kids’ playing zone
● Hall for multipurpose activities
● Reading room
● AC indoor games arena for pool, squash, badminton, etc.
● Outdoor meditation & yoga space
● Outdoor children’s play area
● Multi gym
● AC home theatre
● Jogging and cycling track
Thus, while you may have a problem finding low-cost housing projects, New Kolkata stands as the perfect venue for you and your family. With amicable pricing schemes for each type of apartment, you can be rest assured that your requirements will easily be met. Alcove Realty has once again succeeded in its vision that aims at ‘Building A Happy Future’.