There are a lot of myths surrounding a new flat in Kolkata. Not just new, flats but Kolkata's real estate is enveloped by factors which are precisely wrong. In this blog, we are ready to bust those myths in order to put up the real image of new flats in Kolkata along with the city's real estate scenario.
Flats in Kolkata- Myths Busted!
Myth Believed: It is better to buy new flats in the main Kolkata rather than greater Kolkata
Reality Says: Reality has a different story in store for you. In the present time, developers are shifting to greater Kolkata to come up with low budget flats in Kolkata with best in class features. This we can this by putting down New Kolkata as an example. A project by Alcove Realty with flats in Serampore, Hooghly region, the project will provide you exquisite apartments and provisions within a price range that is unbeatable. Precisely, New Kolkata with low budget flats is breaking the stereotype that flats in greater Kolkata lack the necessary and modern features to upgrade the standard of living.
Myth Believed: Flats in Kolkata within 30 lakhs are of poor quality.
Reality Says: This is no longer the truth. Flats in Kolkata within 30 lakhs, be it in the main city or outskirts will provide you with quality features. While every project might be lavish, most of the projects will provide you with quality features that will provide you with a quality standard of living.
Myth Believed: RERA covers all projects
Reality Says: RERA or the Real Estate (Regulation and Development) Act, 2016 has come as a big relief for home buyers. It is believed by a plethora of property buyers that every project comes under the RERA regulations. However, projects with more than 500 sq. meter area comes under this regulation. What's more? In order to make a project RERA compliant, the builder needs to register it with the authority. Hence, before deciding to invest in a project with more than 500 sq.meter area coverage, ensure that the project is registered with your state’s regulator. It is proof that the project is legally sound and will not cause additional trouble to the buyers in the future.
Myth Believed: Renting is better than buying a new flat in Kolkata.
Reality Says: Even if you are tight on budget, you can save some and buy a low budget flat in Kolkata which not quite possible in any other city. For example, New Kolkata will provide you premium 1, 2 and 3BHK flats in Kolkata within 30 lakhs. Even though a cost-effective project, New Kolkata with flats in Serampore, Hooghly is infused with class apart features. They have added an edge to connectivity, facilities & amenities, and the apartments within an unbeatable price range. With 1BHK apartments starting from15 lakhs, it is quite difficult to believe that a project will uplift your living standards by leaps and bounds.
Myth Believed: The developers in Kolkata lacks the finesse to provide the residents with modern residential projects.
Reality Says: Not anymore! The tables have turned and real estate brands in Kolkata are taking initiatives to meet the requirements of the property buyers. Developers like Alcove Realty are providing home buyers with riverside apartments and private ferry with jetty service in one project while providing ultra-luxurious living space along with lavish features in a project like THE42. Not just that, Kolkata currently has the tallest tower in the nation, THE42, which is beating other projects in other metropolitan cities. Hence, the entrance of the young developers in Kolkata's real estate market is changing the skyline of the city along with meeting the requirement of the buyers with new flats in Kolkata.
In a nutshell, real estate Kolkata is nothing like what most people think it to be. The new flats in Kolkata consist of the best in class features which was not the case even 10 years back. Also, when it comes to price point, Kolkata will provide you with premium apartments within a price range which is not quite possible to find in any other city.
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