5 Reasons Of Investing In Kolkata Real Estate Market
After 1990, when India has become an open economy, the overall market has gone through different periods. There are lot of sectors such as IT, Real Estate, Retail has seen a lot of increment. Whereas it is only the Real estate market that has performed in a consistent manner and initiated a lot of revenue. A real estate lawyer in Kolkata has mentioned that all the major cities in India have seen a lot of growth in the last few years.
Not only the local investors but also the foreign companies are taking a lot of interest in the real estate markets. The article has focused on five different aspects based on which people decide to invest in Indian retail markets.
Political Stability: One of the biggest reasons behind in any investments in any sector in India the political stability plays an important role. It has been now seen that in both national and state levels the political stability is continuing which attracts the investors to come and invest in Kolkata and surroundings. In West Bengal, a political stability is being seen that invites the investors to come and invest here. Apart from that, the national policies and state policies related real estate are also positive for the investors.
Demographic: in India, the demography is more of a positive than other countries. The impact of it also creates a lot of scope for the companies to invest in Bengal, the hub of business in eastern region. The population is more of young in this part as well it was always remain a hub for cultural innovation. In addition there are lot of open space around Kolkata, siliguri and Durgapur are available for real estate developments in the state. Kolkata as the capital attracts the investors more, a real estate lawyer mentioned.
Infrastructure: Bengal, especially Kolkata is well connected to other cities by both land and Airport. Apart from that, two of the big ports such as Kolkata and Haldia are there through which the materials can be easily transported.
Kolkata is well connected with neighbour countries such as Bangladesh, Bhutan and Nepal and other North Eastern Indian states thus it becomes a primary choice for the investors. The cities are well connected with the railways transports also. Kolkata as one of the capital city has also different hospitals, medical colleges, which makes it a medical tourism destination for the rest of the people. However with the fast pace growth it needs more of such establishments which makes real estate investors attracted to the city and to invest here.
Educated Young Population: A number of Bengal students get out of the state in search of better opportunity. The investors by investing in the state not only provide the people a chance to be in the state but also use their education to make more profit out of it. The technicalities of these young minds can be used to develop the infrastructure in a better way. In order to give the business a boast real estate companies are capitalizing on them.
Energy bank: Bengal has a lot of power plants and they used to generate a huge amount of electricity. For any development, project electricity plays an important role and as the state provides a sufficient amount of energy to the projects, thus it is not at all a matter of problem at all. Apart from that, a lawyer mentioned that the property related laws have changed a lot than before which makes the investors to attract in order to invest in Kolkata or Bengal. Thus, it is another reason for the investors to come and start up the business in Kolkata.
Cheap labour: Cheap labour is another important factor for any real estate developers. The labour charges in Bengal or even in Kolkata is much cheap than any of the other metro cities and states. Thus, it is another reason for which the real estate developers are getting attracted to Bengal for the investments. Even at a very nominal rate, one can get skilled and qualified labours.
However, the state is planning to implement several other policies and land related bills in order to make the investment in Kolkata and Bengal much easier. The banks are also offering corporate loans to the companies in order to push the companies to do investment in the state of Bengal.
Comments
Post a Comment