Why Waiting for Lower Property Prices in Kolkata Can Be Disappointing
The Indian government’s decision to withdraw notes of Rs 500 and Rs 1,000 was intended to attack the black economy, keep a tag on transactions, and minimising cash transactions. A natural corollary to this was a likely hit to the real estate sector, which, for long, has been considered a refuge for unaccounted money. The…
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How to Take Advantage of Online Property Fairs to Buy a Flat in Kolkata
It has been quite a few years that Avijit Roy lives in Pune. Originally from Kolkata, a city where he always wished to return, he wanted to buy a flat in a decent area. It was two years from when he lost his mother. His father expired when he was in college and since then…
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…
Time to Think of Rooftop Solar Panels on Buildings in Kolkata?
When Kolkata-based banker, Nilesh Gupta went to visit his cousin in Bengaluru, it was interesting (as well as inspiring) to see them living a ‘green’ lifestyle. Their home was powered by solar panels, which produced enough energy to meet his small family’s needs. What he really wondered was, can this be feasible in the real…
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…
How to Do an Economical Smart Makeover of Your Flat
Transforming a house into your dream home is challenging. Picking up the right lighting and seating arrangement, choosing the ideal colour and fittings, the comfort factor… and the list continues to go on and on. Plus, it often requires a smart strategy otherwise your expenses can quickly snowball. You may feel that an economical smart…
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…