Kolkata- The real estate market of Kokata is gaining momentum despite many issues regarding faulty land acquisition policy. It is expected that it will show good growth in 2013.
The year 2102 witnessed varied growth across many areas of Kolkata. Areas like Narendrapur, Kalikapur, Behala and New Town Action Area II reported maximum?appreciation.
While areas like?Jodhpur Park, New Alipore, Garia, Santoshpur and Rajarthat faced minor changes in?capital market values. Active areas in south Kolkata in?terms of transactions are Garia, Narendrapur, EM Bypass, Kalikapur while in west Kolkata it includes Rajarhat and New Town.
Kolkata metro is currently functional in?Garia which increased the demand of residential projects. Metro will also be operational in??New Town Action Areas II thereby increasing?capital values of the area. This?Metro will connect the New Town Action Area II to the airport also.
The equation of demand and supply showed a big mismatch in 2012. For example due to no demand of land availability the supply remained low in most of the parts of the city. The real estate prices showed a positive growth by 20 percent in 2012 due to more demand.
Close to proposed metro project, eastern part of the city especially EM Bypass and Rajarhat saw?largest supply of housing projects. It is seen that Kolkata saw a great demand from buyers as compared to other cities.
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Source: http://www.commonfloor.com/news/buyers-demand-pushes-real-estate-of-kolkata-38119
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