The real estate market relies heavily on the surrounding infrastructure, including transportation systems and utilities, which greatly influence its overall performance and success. The vitality of this sector, as a crucial component of the economy, is intricately linked to the quality and accessibility of the infrastructure supporting it. It is obvious that poor infrastructure can lead to a decrease...
The real estate market in West Bengal is experiencing a high trend, and this includes a notable increase in luxury real estate property sales in Kolkata. In the period between January and March 2022, the number of flats sold in Kolkata reached 3,810, which is almost three times higher compared to the previous year when only 1,320 flats were sold.The luxury real estate market in West Bengal is dynamic. From...
The Real Estate (Regulation and Development) Act, 2016 has released new rules for the real estate business. It includes newly constructed buildings consisting of six or more flats on 3-cottah plots. This significant expansion empowers the real estate regulator to ensure better adherence to regulations in almost 90% of smaller projects. Previously, customers had limited avenues to address concerns in...
Demographic changes have a profound impact on the real estate market. Population growth, aging populations, and evolving lifestyles influence entire demographic factors. Understanding these changing demographics is crucial for real estate buyers, investors, and homeowners. In this blog post, we will explore the implications of shifting demographics on the real estate market in Kolkata and identify...