EM Bypass Gariahat Connector — the New Food Street of Kolkata
Ask anyone even remotely acquainted with Kolkata’s food culture — “which is the ‘food street’ of the city?” And it’s almost certain that they’ll say “Park Street”. From the humble “bread and stew” at the local street stall to the succulent sizzlers and continental cuisines at the fine dining restaurants, Park Street has it all. No…
NK Realtors
Buying a Flat in a Residential Complex vs Standalone Building in Kolkata: the Pros and Cons
Sharmila returned to Kolkata after spending 6 years in Mumbai. She was divorced with one lovely 4-year-old daughter. An economist by profession, she was a little worried about career opportunities in Kolkata. It was exactly six years since she came to live in Mumbai with her ex-husband Sudip and pursue her dreams of chasing a…
Buying a Property in Barrackpore is a Great Idea as It is Showing Growth Promise
A long time ago, a determined sepoy named Mangal Pandey rose in revolt against the oppressive Britishers in Barrackpore which started a watershed event in the history of India, the Sepoy Mutiny of 1957. But it was a long time ago. Today, a beautiful garden named Shahid Mangal Pandey Maha Udyan with his statue installed…
The Dilemma of Investing in Land or Flat: The Wisdom of Om Prakash Todi
It was a long time since Om Prakash Todi (name changed on request) felt confused. Generally, he always was brimming with supreme confidence. In his air-conditioned office, he was thinking about how times changed. The cup of tea on his table was getting cold. All of his 55 years, he was always conservative with money….
Will the RERA Implementation Increase the Prices of Flats in Kolkata?
The real estate buyers in Kolkata are eagerly expecting the implementation of the Real Estate Regulation Act, 2016 (RERA) as it is widely believed that the RERA will go a long way in protecting the interests of the buyers. While the RERA will surely enhance consumer protection, but there are strong reasons to believe that…
Should You Buy an Apartment in Kolkata Now after Demonetisation?
In the evening of November 8, 2016, the Prime Minister of India declared a path breaking policy decision to demonetise Rs 500 and Rs 1,000 currency notes. The declaration shocked the nation and soon everybody began to try and understand the implications of this step. As time passed, myriad opinions emerged about the short, medium…
4 Measures that Can Boost Transparency and Confidence in the Kolkata Property Market
The recent regulations passed by the parliament and some steps by the government are expected to make the Kolkata property market more transparent and bring in long-term confidence in the market. These measures are the Real Estate Regulation Act (RERA), the Benami Transactions (Prohibition) Act, 2016, the Goods and Services Tax (GST) and the demonetisation of Rs…
What to Look For When Buying a New Home in Kolkata
With no loans to repay and a not-too-high retirement goal, bank executive Samir and his schoolteacher wife, Aruna was saving enough to support their child’s education and marriage while setting up a decent retirement plan. However, there was one thing that threatened to derail the family’s financial plan — home buying. Having spent most years…
How Demonetization Will Affect You While Buying Property in Kolkata Now
In an unexpected move, RBI has recently scrapped currency notes of Rs 500 and Rs 1000 and announced the replacement of a new set of currency notes. These notes are being exchanged from banks and post offices across India. One can deposit such notes freely in one’s bank account. While the move caught everyone off…