Kolkata

Kolkata is one of the metropolitan cities of India and is the fourth largest city of the country. Representing eastern and northeastern states of India, the city is a hub for various businesses, commercial and financial activities.

The city is boosted by the second largest stock exchange of the country, various renowned educational institutions, military port and other various institutions of high repute. In the eastern region of India, Kolkata is the only city with international airport and this acts as an added advantage to the city.

With Indian economy liberalization, the city's economic conditioned flourished and in turn its real estate property valuation. The IT sector also played a major role in the city's economic revival. The consistent demand from the end-users and potential investors has also resulted in the upward trend in the real-estate prices in all the parts of the city.

Various property trends as prevalent in Kolkata are enlisted below -

The Demand:
The demand of real estate property in relation to residential, commercial and industrial is very high. Numerous new housing projects surging in the city has triggered the surge of investments in the housing infrastructure sector. Moreover, since Kolkata is the home to many industries like electronics, jute, decorative items, etc., the demand for industrial property has also rise up.

Basis For Boom:
There are many factors that resulted in the boom in the real estate property in Kolkata. There has been hike in relative to both the demand and valuation. Some of the determinants are as follows -

• Prominence of some notable companies (like Coal India Limited, Birla Corporation, Bata India, ITC Limited, etc.)
• Series of bank establishments (such as Vijaya Bank, UCO Bank, United Bank of India, Allahabad Bank, etc.)
• Favorable policies laid by central and state governments. For example adoption of "Look East" policy by the government promotes the city across the globe.
• Nathu La Pass in Sikkim has been opened as a border trade-route with China. This helped in developing immense commercial interest of South East Asian countries in the city.