Real estate prices in Kolkata are far more rational as compared to other metros like Mumbai, Delhi, Bangalore or Hyderabad. However, the growth has not affected the property prices as they are still on the lower side in the city. Park Street, Belvedere, Ballygunge and Southern Avenue are some of the prime areas of Kolkata and where the property prices are quite steep as compared to the other areas. The demand for residential and commercial properties is on the rise in the upcoming areas of Salt Lake, Garia-Narendrapur, Behala-Joka, Rajarhat, and Howrah.
With many a multinational companies making their way to the city, many reputed builders are looking forward to setting up residential and commercial projects here. Majority of the demand for property in Kolkata is attributed to the foray of domestic and international retail chains. Most known real estate developers are willing to invest and create mammoth townships and projects that would completely meet the international standards thereby luring international players to come and invest in Kolkata.
With all these factors contributing to the growth in real estate market in Kolkata, it certainly will see a tremendous rise in demand for office spaces in the coming future. Log on and find out more about Kolkata properties and real estate, visit India's No.1 property site magicbricks.com.
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