Category: Real estate

Which one is better buying or renting a flat in Rajarhat

Buying or renting a flat is a dream or a lifetime goal for many. However, it can be different for many too. Many people buy houses to live there for the rest of their life. On the other hand, many people hate to stay in one place for a long time. So, they prefer taking flats or houses on a rental basis. In this case, it will be helpful to mention that if you are looking for a flat to buy or rent then you can connect with Realtech Nirman. They have been serving the real estate industry for a while now. Their experience will help you to choose the right property for you. Although there are advantages and disadvantages to every choice or decision.

In this blog, I will focus on the advantages & disadvantages of both which will help the buyers to decide which one will be better for them or will serve their purpose; buying or renting. So, let’s get into the blog.

1. What are the advantages of buying or renting a flat?

A. Hustlefree life:

When you become the owner of your house, you are not going to depend on anyone or you are not answerable to anyone. No one can tell you how to live or what you can do with your living space. On the other hand, if you live in a rental place, you are bound to answer your landlord. You have to depend on your landlord for water, electricity, maintenance, and almost everything else. Many times, landlords impose unnecessary conditions as well. So, basically, buying your own flat or house helps you to get rid of landlords.

B. Feeling of safety & security:

When you buy your own space, it gives you a feeling of safety. It helps in making your future secure as well. When you buy a house or flat, you don’t have to run from one house to another house. This also helps reduce the hustle of your life, helps you feel stable & also helps in focusing on other areas of life.

C. live life on your own terms:

Rent is a regular cost and if you are looking for a flat with amenities then the rent goes on the higher side. This feature makes a burden on the consumers. They have no choice except to make compromises. Consumers either make compromises on the quality of life and amenities or they make compromises on other aspects of life to reduce the living cost. However, if you buy a flat, you do not have to bear this regular cost for your life.

D. Serves you for a long purpose:

Buying a flat or house is not all about buying a real estate property. It is a future investment. The demand for real estate properties is increasing and it will keep increasing with time because of the increasing population. So, if you face any issues in the future you will be able to sell it. Most of the time, this also helps in feeling stable and provides a certain amount of emotional security.

E. Saves your money:

Most Of the time buyers take home loans for buying real estate properties and these home loans always save them money. Home loans help with tax benefits. For example, you can save up to 2 lakhs rupees in India from taxes if you have a home loan under Article 24 (b). On the other hand, in the case of renting, you get no benefit out of the deposit money and sometimes the deposit money is really higher. So if you want to save money, buying a flat is one of the best ways.

 

2. What are the advantages of renting a flat instead of buying?

In the above portion, I have mentioned the benefits of buying a flat. Now it is the time to look into the other side of the coin. It is time to focus on the advantages of renting a flat instead of buying.

A. Zero maintenance cost:

When you are renting a property, all the responsibility of maintenance goes to the owner. Owners are responsible for all the maintenance and renovation costs etc. For example, if one of the applications of the house stops working or the bathroom pipes start to leak, the owner is responsible to fix it. So there is no maintenance cost from the tenant’s end and no responsibility as well.

B. Lifestyle:

In today’s scenario, most teenagers or working professionals are changing their city for their career aspirations. They are also not sure about living in the same city for a long period of time as well. So, buying a flat or a property makes a burden on them and they feel it is a waste as they are not going to live there for a long time. Renting a property suits their flexible lifestyle while not making any burden on them.

C. Saves you from property taxes:

When you are buying a property it is important for you to pay a significant amount of attention to the taxes. Sometimes these property taxes can be really high on the basis of the type of property or area. However, if you rent a property then you will be free from this. The responsibility of property taxes will go to the owner only.

D. Lesser concern:

As I have mentioned before, buying a real estate property is an investment. You will be able to resell it at any time in the future. However, it is a big concern for the homeowners too. Real estate volatile industry. The value of the properties goes ups & downs at a regular period of time and this makes a huge headache for the owners. However, tenants are excluded from this type of headache.

E. Fixed budget: Many times property owners buy a flat in a posh area but after a while, they face financial burden to live in that area or specific apartment due to the other expenses. However, you will never face this issue if you are renting a flat or a property. Usually, tenants have a fixed budget and they find options in the budget. So, if they think that the rent is increasing or the other expenses are increasing unnecessarily, they will shift to other options.

F. Liquidity:

Buying a property increases your equity for sure, however, it reduces your liquidity too. Buying a property is always a huge cost. It does not end with the listed price. There are many hidden costs such as taxes, registration fees, maintenance costs, and so on. On the other hand, renting a property can increase your liquidity and you can follow your dreams freely.

G. Inexpensive & easy:

Buying a home is always expensive because we try our best to buy the best flat or property. At the same time, there are many things associated with it such as taking a home loan, registration and you will need a lot of time for that too. However, renting involves no such steps. You need to take any home loan etc and you can change it anytime you want. So definitely renting a house is always an inexpensive and easy option.

 

3. How does buying a property affect your life?

Buying or renting a flat will give you a sense of stability and it will also provide the much needed emotional support as well. It will help you make money management better than before because the regular expense of rent will not be there. At the same time, as you will be the owner of your life, you will be able to have better control over your life. However, many people disagree with this idea because they think that they have to live in one city for a long time. Well, that’s not true. You can put it on the rent too. It will make an alternative income source for you and you can sell this property in the future if needed.

 

4. How renting a property can affect your life?

Rental properties always put financial pressure on you. At the same time, you have to be ready to change your place or property anytime soon, and finding the right property with all the amenities is not easy at all. So, basically, rental properties make financial & emotional pressure both. Many people think that handling your own property is difficult. Now it’s not right. In every apartment, you will get a managing committee that takes care of all the maintenance work. At the same time, there are a lot of applications where you can hire a plumber or an electrician in the blink of an eye.

Final words: I have mentioned the advantages of both options for the readers which will help them to make the right decision. It should always be the buyer’s own decision. However, according to me buying a property is always the best idea. This will help you in stabilizing your future.

Is the 13th floor really unlucky in Kolkata ?

The real estate industry is not just like other industries.  Real estate properties are not just properties, these are the lifetime investment for the buyers. Builders or agents need to pay a significant amount of attention to the emotions of the buyers and other minute details such as their religious beliefs, social myths, etc. One of the biggest myths in the world is that the 13th is really unlucky for users. So many of the buyers refuse to buy flats on the 13th floor of an apartment. Sometimes, it becomes really difficult for the builders because they fail to sell out the flats on the 13th floor. To avoid this loss builders are skipping the 13th number.

They are making the 14th floor after the 12th. So it is high time to burst all the myths related to it.  In this blog, why do people believe that the 13th is unlucky & how is it totally a myth? So, let’s get into the facts about the 13th floor really unlucky.

1. Why do people believe that the 13th floor really unlucky?

According to the Christian belief 12 disciples attended The Last Supper. There were 13 people in the upper room and the 13th people betrayed Jesus. So the number 13th is closely associated with the crucifixion of Jesus. So, Christian people tend to avoid the number 13th.

At the same time, the 13th is considered an unlucky number in Norse mythology too. It has been stated in Norse mythology that the god of mischief Loki appeared uninvited at a dinner party in Valhalla where 12 gods were spending time together. Loki tricked another god Hoor to fire an arrow at another god Balder killing him. The death of Balder was mourned by the earth and from then on in Norse mythology the 13th is unlucky.

The tale does not end here. In the year 1980 William & Mary, founded The Thirteen Club. The members of “The Thirteen Club” were highly secretive about their activities. Even their family member had no idea about their membership which made people suspicious of their training. Although five US presidents were members of this club and the names are-  Chester Arthur, Grover Cleveland, Benjamin Harrison, William McKinley, and Theodore Roosevelt.  However, people’s perception of this club never changed and people started hating the number 13th as well.

2. What is Hindu mythology stating about the number of the 13th floor really unlucky?

In Christian mythology, the 13th number has a bad impact. However, it is just the opposite in the Hindu mythology. In Hindu mythology, the 13th number is associated with Lord Shiva. The 13th day of every month is the Trayodashi and it is directly associated with Lord Shiva. It has been stated that if you praise Lord Shiva, you will be blessed with prosperity & happiness. Lord Shiva will give you a happy life. Maha Shivratri also falls on the 13th night of the month Magh which is the biggest festival of Lord Shiva. So basically 13th is a lucky number in Hindu mythology.

3. What was the role of literature & movies in fueling this superstition?

In the famous Canterberry Tales, the celebrated poet Geoffrey Chaucer wrote that Friday is a day of mischances. Although Geoffrey Chaucer is a famous poet, however, as he was born in the United Kingdom, so, he had the best influence on the UK people. People had already a bad perception of the 13th number & they connected it with the novel and Geofrey’s words.

This perception got more strong when the author Thomas W Lawson wrote a novel that depicts a stockbroker who brings down Wall Street on Friday the 13th and a ship named Thomas W Lawson wrecked near the UK on December 14 of the same year. However, people got really afraid when the same mishap took place when it was still December 13 in the US.

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Well, the above mentioned are only literature. However, the movie industry also has a little role in strengthening superstition. In 1980, the first film in the series, ‘Friday the 13th’ was released. It was an independent slasher film. In the movie, it was depicted that on serial killer was killing teenagers in the city while wearing a hockey mask. A total of 12 movies were released by the house. However, in the case of the 13th movie the shooting & other works got delayed for various reasons and finally, the House rejected the idea of realizing it. This incident negatively impacted the people’s minds and they started hating the number 13th floor really unlucky.

Apart from this specific incident, there are a lot of Hollywood movies where it has been shown that paranormal activities happen on the 13th floor only. This also made an impact on the mind of the buyers.

In this context, it is essential to mention that this phobia is called triskaidekaphobia. Triskaideka is a Greek word that means thirteen and it has been connected with phobia.

4. Do this have any value or just a superstition of the 13th floor?

Well, it is just a superstition nothing else. There is no real proof or incidents of mishaps on the 13th floor. If there happens any mishap it is really heartbreaking and it will affect the whole apartment, not the 13th floor only. In this case, it is also important to mention that most of the mishaps happen due to a lack of maintenance or awareness among the residents. So instead of avoiding the 13th floor, people should start increasing awareness & they should pay a significant amount of attention to the regular maintenance of the apartment.

5. What is numerology say about the 13th number?

Vastu & numerology plays an important role in human life. Most of the buyers pay a significant amount of attention to these factors too. According to Vastu 13th has no negative impact on resident’s life. However, numerology has a lot to say about this number. Let’s have a look at the numerological factors of the number 13th-

1. The 13th number or 13th number house can bring love to your life. You will be able to get love in unusual and unexpected ways. For example, you can meet a new friend and it can turn into a loving & caring relationship.

2. Many numerologists say the 13th number brings duality. Although this duality can be very distracting for people, however, experts suggest that people should focus on the positive sides only. They should focus on mindfulness.

3. People who live in 13th number house or flat and if they are hard-working then it is going be very beneficial for them. The 13th number ensures hard work & teamwork among the members. It can bring harmony and coordination from members living in a home with the number 13 on the door.

4. Numerology experts say that the 13th number brings a lot of financial gains for the people.

6. How does the real estate industry getting affected by this superstition?

Real estate builders always pay attention to people’s emotions because any mistake can make a huge loss in their business. In a study, it has been shown that almost 99% of builders have omitted the 13th floor from their project. Popular elevator company “Otis” has removed the number 13th from their elevator because it has no buyer at all. In the data, it has been shown that only 18% of properties get sold on the 13th floor which is really low.

 

Some common FAQs related to the 13th floor really unlucky:
Is really 13th an unlucky number?

No, it is a superstition. The 13th number will make no effect on your life if you work hard.

Is it really challenging to sell flat number 13?

Yes, because most people consider it unlucky. So it will be difficult for you to get a buyer.

Does Pranab Mukherjee have any relationship with the number 13?

Yes, it has. Pranab Mukherjee was the 13th President of India. Before becoming the president he was a prominent political leader in India for a long time and for a long time he was requested to move into a bigger house. However, he considered his residence at “13 Talkatora Road residence” as a lucky charm. So he kept refusing. However, after becoming the President of India he moved into the presidential house.

Is buying a flat on the 13th floor or 13th number bad according to Vastu?

No, Vastu says nothing like that.  Although flats beyond the 4th floor are considered to be devoid of the water element.

Is the 13th number bad according to Hindu mythology?

No. according to Hindu mythology, the 13th is a lucky number because Trayodashi falls on this day. According to Hindu Shastra, if you worship Lord Shiva on this day, he will bless you with prosperity, happiness, and good health as well.

 

Final words: Although builders have removed the number from business completely. So there is no chance of loss. However, as responsible citizens, we should avoid every kind of superstition and we should inform other people about the right knowledge as well. It will in making an educated generation. In the Western belief system, many myths are related to the 13th number. However, they are myths only.

Understanding Housing Trends in Newtown Rajarhat, Kolkata

Buying a house is a dream for many of us. It is crucial too because it directly impacts our family life, living style & our social life. So we all have our own choices & preferences for homes. These preferences get changed on the basis of budget, lifestyle or working places. For example, if you have a higher budget & you want to live a calm & waveless life; you want to avoid the hustle and bustle of the city then a house on the outskirts of the city is perfect for you. However, if you are working & want accommodation in the nearby location of your workplace then a flat in the middle of the city is the best for you. In both the choices, the price point will be different & there will be a certain amount of pros & cons too. In this blog, we will focus on the recent housing trends in Kolkata & the reason behind this trend.

What are the housing trends in Newtown?

It is a clear fact that Kolkata buyers prefer flats over houses. It has been shown in data that the Jadavpur area of Kolkata (one of the popular places among buyers has many standalone properties. However, the buyers are not interested in those properties. They are clearly interested to stay in well-decorated, well-developed flats which have all the amenities for life.

On this topic, it is important to mention that the 2BHK flats are the most popular among Kolkata buyers. Although it can be different in other cities in India. However, the love for flats is common among buyers of India across the country. Data has shown that 50% of Indian buyers prefer flats over any kind of housing.

Housing trends: What are the reasons behind this choice?

Budget & amenities:

Budget plays an important role in real estate. Buyers are getting flats in reasonable amounts whereas the standalone properties are always on the higher side. Although if the amenities are high-end then buyers get convinced to pay a higher price even. However, standalone properties come with very limited amenities. On the other hand, flats/residential apartments have every kind of amenities for life. For example, Realtech Nirman Group has many projects in the Rajarhat area such as Rajmahal, Rajvansh etc. They have a swimming pool, community hall, high-end security system, parking space, 24*7 power supply, water filtration plants, and gymnasium inside it. A standalone property would never have this kind of amenities until it is a bungalow and if it is a bungalow then the price will be too high. So in a nutshell, buyers are choosing a comfortable life on a budget.

Suits the lifestyle:

The world is running & we have to chase it with its speed or else we will lose the game. So, in this fast lifestyle, you cannot sit at home to protect it. In most of the standalone properties or houses, you have to protect them. This can be hectic while in the flats, they have high-end security systems, 24*7 security guards etc. Now you can roam around the world without any stress.

On the other hand, the maintenance of a house can be a huge responsibility too. Well, in the case of flats, there are managing committees or an individual who takes care of these all. So, it is much easier to handle and suits the fast lifestyle. 

Easy home loans:

It is easier for buyers to get a loan for a flat than for a house or a standalone property. Many times builders take loans for the projects, so, banks already have a clear idea about the property. At the same time, builders pay significant attention to legal matters for easy transactions. In short, buyers get bank verification easily while in the case of houses, banks require a significant amount of time to go through all the details. So, if you are thinking about taking a home loan, flats are the best option.

Future of the property:

Real estate is one of the best investments. You can sell it in the future at a higher price. For example, if you are buying a property in Rajarhat today, it is a future investment because the state government is making Rajarhat a smart city. Kolkata is growing every day and Multinational companies have offices nearby to the Rajarhat. So, the demand will only increase. However, it is the opposite in the case of houses or standalone properties. Buyers are not really interested. So, if you are thinking about the future, invest in a flat.

Dreams matter:

We all have a lot of dreams for our homes. We all want to decorate it in our own style. We want to plan every corner of the house. Well, to fulfil this dream, if you buy a plot & start making a house, it will take a lot of time & effort. The process needs intense attention & is really tiresome as well. So, it is best to invest in an under-construction property. In this way, you can fulfil your dream while managing your career. To save the interests of the buyers the government has introduced rules such as  RERA. This rule ensures that the builders have to complete the projects on time or else they have to pay a penalty.

Location:

As I have already said, we are living in a fast world and we have to make a balance with it. It is important for us to get a house in the nearby location of the workplace. It helps in reducing the time in travelling and helps in the daily hustle. So, buyers are trying to get a home in the heart of the city. However, as a house needs a lot more space than a flat so most of the houses or standalone properties are located on the outskirts of the city. This is demotivating the buyers and they are focusing more on flats which are situated in the heart of the city.

Community matters:

Humans are social animals. We cannot live without a society or community. So, it is important for us to have a proper community. In the case of houses many times we don’t get a desired community because we don’t have any control over it. However, this is just the opposite in flats or apartments. It is obvious & expected that a bunch of like-minded people will buy apartments at a specific place. Many times, they share their working place as well. So it helps in building a proper community among people and impacts positively our mental health.

Housing trends: What is available?

Well, it is said that flats are easy to find but finding a well-decorated, well-built, fully legalised yet reasonable property is not easy. So here is a list of apartments which are reasonable & have all the amenities for life.

Rajokiya: 2 & 3 BHK Flat In Kolkata

Rajokiya is a project of Realtech Nirman Group. It is located in the Rajarhat area of Kolkata. It is just a few km away from Bellevue Hospital, TCS, Ecospace, IIT Kharagpur etc. at the same time, it has all the amenities for life such as a community hall, gym, swimming pool, 24*7 power supply, water plant etc. you can get a 2 or 3 BHK flat here starting from 23 lakhs only. It is important to mention that Realtech Nirman pays a significant amount of attention to legal matters. So, if you are thinking about a home loan it will be easier for you.

Rajmahal: 2 & 3 BHK Flat In Kolkata

Rajmahal is another project by Realtech Nirman Group and it is also in the Rajarhat area of Kolkata. It is also just a few kilometres away from the railway station, working places like Ecospace, DLF Park etc. It also has colleges like Amity or Aliah in the adjacent area. It has all the amenities for life such as a swimming pool, community hall, gym etc. The price range for 2 or 3 BHK flats in Rajmahal starts from 24 lakhs.

Some common FAQs related to Housing Trends: 

Can I get a standalone property in the Jadavpur area?

Yes, you can. You can get the desired standalone property in the Jadavpur area at a reasonable price. To buy that property you can connect with Realtech Nirman Group any time you want.

Housing Trends: Are flats more reasonable than houses?

Yes, lats are far more reasonable than houses. Flats are not only reasonable the term of price, but it is also far more comfortable for life than houses. For example, you can get amenities such as a swimming pool, community hall, and 24*7 power backup in an apartment. However, in a house, you will never get this kind of amenities. If you have a much higher budget only then you can go for a bungalow or villa and then you will get this kind of amenities. 

Housing Trends: Can I get a flat in the adjacent area of my office?

Obviously, you can. Builders are trying to increase the number of projects in the heart of the city and in the nearby places of the offices to increase the sales rate. So it is much easier now to get a flat at your desired place.

 

Final words: Type of the property is all about buyers’ convenience. However, I think this in-depth analysis will help buyers to select the right property for them.

Flat vs Apartment: Difference between flat and apartment

At first glance, the title of the blog Flat vs Apartment may shock you because most of the time, we use flat & apartment as synonyms. However, there are some differences as well. The difference is not only in the meaning, they are different in the real estate aspect as well. So, in this blog, we will focus on the differences and which one can be better for you.  

Flat vs Apartment: What is a flat?

The word flat mostly gets used in the UK or the rest of Europe as well. According to the UK English flat means a home. The root of the word “flat” is in Old English and according to the Old English it means ‘flett’ or ‘a dwelling, hall; floor, ground”. This means “flat” is a floor or a part of a floor of a building which is set to be used as a residence.

Flats are generally on only one floor. In the Oxford Dictionary, it has been described as “A set of rooms forming an individual residence, typically on one floor and within a larger building containing several such residences.” So, basically, flats are single floors and mostly contain one to three rooms along with a kitchen and a bathroom. There are many countries where only the lower income families stay in the flats because it consumes a lower amount of space and comes within a budget.

Flat vs Apartment: What is an apartment?

The root of the apartment is in the Italian language. In the Italian language, it is ‘appartimento’ and it means  ‘private rooms for one person’s or a family’s use in a house’ or ‘a place separated’. The word apartment is common in the United States. They usually call it a ‘condo’ or ‘apartment’. 

The Oxford Dictionary has mentioned that the apartment can have multiple storeys in it and multiple rooms as well. It can be used to spend holidays.

Above these are the definitions only, I think the differences will be more clear in a table format.

 

flat vs Apartment

I hope the definitions and differences are clear. Now it is the time to focus on the pros and the cons of Flat vs Apartment. There are a certain amount of pros & cons of everything so it is important to focus on those before you invest.

Pros of having an apartment: Well, let’s start with the pros.

1. The apartments are quite spacious. So if you have a big family, it is suitable for you.

2. Most of the apartments have a large area inside them. So if you love your privacy then apartments are the best for you.

3. Apartments have a large number of residents inside them. So it is quite safer to live.

4. Apartments have a clubhouse, gym, swimming pool, shopping complexes, ATMs etc inside the premises. So your life becomes easier.

 

Cons of an apartment: Life isn’t all about the pros. So it is important to focus on the cons as well.

 

1. Apartments are costlier. So if you want something budget-friendly, you must avoid apartments.

2. Apartments are still not common in India. So it will be difficult for you to get an apartment at your convenient place.

Flat vs Apartment: Pros of a flat:

1. Flats are budget friendly and quite common in India. You can have a flat on a budget and at your preferred place. In this topic, it is important to mention that if you are looking for a flat in the heart of Kolkata, you must check the Realtech Nirman group. Realtech Nirman has a range of affordable flats with every amenities of life.

2. If you invest in an under-construction flat, you can choose the interior. You can increase the number of rooms as well.

3. Flats also have a strong security system. Most of the flats have 24*7 security guards, CCTVs and intercom systems to ensure the safety of the residents.

4. You will get a community. This helps in socialising.

 

Flat vs Apartment: Cons of flat:

1. Flats have a lack of privacy. In case you get a nosy neighbour, it will make issues for you.

2. Flats have a small area inside it. So, it is not suitable for large families.

In amenities Is there any difference between flat vs Apartment?

Amenities are the first thing we look for. We all are looking for a comfortable life. Most of the apartments are luxurious and have high-end amenities for life inside them. However, it is not true that only the apartments have that kind of amenities. For example, apartments have amenities such as a clubhouse, gym, swimming pool, shopping complexes, ATMs etc inside the premises and you can get almost all these amenities in a flat too.

If you invest in a flat from Realtech Nirman group you will be able to get a swimming pool, community hall, 24*7 power supply, high-end latest security systems, gymnasium, car parking, fire protection & water filtration plant too.  So it is not less than an apartment in terms of amenities. Moreover, most of their projects are located in the heart of the city. So it will be closer to the workplace or study area and will decrease your daily hustle as well.

 

Flat vs apartment, which one is better for the buyers?

Well, it totally depends on the buyer and their demands. However, I can mention some important points which will help you choose.

1. Carpet area: Flat vs apartment

Flats have a smaller carpet area than an apartment. Typically flats have one large dining area, one master bedroom, one small bedroom, one kitchen & one bathroom. However, if you invest in an under-construction flat then you can increase or decrease the number of rooms. So it is suitable for nuclear families.

Apartments have multiple storeys inside them and multiple rooms as well. Naturally, apartments are suitable for large families. Even if you want, you can put one storey on rent too. This will make an alternative monetary source for you. At the same time, if you have a large family and you love your privacy, apartments are best for you. You will live together with personal space.

2. Privacy: Flat vs apartment

Privacy is always an issue for flats. Most of the time there are only two rooms in a flat so if you talk loudly, it will disturb your whole family. At the same time, other flats are adjacent. Additionally, nosy neighbours have always been an issue for flats.

As I have mentioned before, apartments are spacious and another of the complex apartments is also situated at a distance. This helps maintain the privacy of the residents. Even if the neighbour is nosy, it will not affect your life.

3. Price range & availability: Flat vs apartment

Flats are affordable and most of the flats of Realtech Nirman group are affordable. Whereas apartments are costlier as it has more space and luxury.

Flats are too common in Kolkata. You will get a flat in a nearby place of your office. However, as the apartments need more space, most of the apartments are situated on the outskirts of the city. So travel will be an issue for you.

Some common FAQs: Flat vs apartment
Flat vs apartment, which one is better for residence?

Well, this is a tricky question. Both of them are good for residents. In a flat, you will get a community & lifestyle at a reasonable price while the apartment will help you to maintain privacy. So, it is up to you.

Why apartments are called flats in India?

In India we use apartment and flat interchangeably and as both of them are residences so most people do not focus on minor details. Only United States & the UK pay close attention.

Are the apartments more luxurious than flats?

Well, in terms of space apartments are more luxurious than flats. However, if you are talking about amenities for life then both of them are the same. Realtech Nirman provides all the amenities in flats which an apartment can have.

Is there any difference between a “Condo” and an “apartment”?

“Condos” are on one floor whereas the apartments have multiple storeys inside it. So typically the condos are quite like flats.

Can I get an apartment in Kolkata?

Well, apartments are rare in Kolkata. So it will be difficult for you and even if you find an apartment, it will be in the outskirts of Kolkata.

 

Final words: Home is not only a building, it has our soul. So check every detail before you invest. Happy buying folks.

GST in real estate 2023: Gst Rates on Flat Purchase

In India, whenever we buy something we have to pay Goods and Services Tax (GST). It is also applicable in the real estate industry. A home buyer has to pay GST during buying a property. So it is obvious that it has a lot of impact on the buyers and the real estate agents as well. In this blog, the ratio of GST, different conditions, and their impact on the industry will be discussed.

What is GST and why is it important? Gst in Real estate :

India is a large & diverse country. There are many socioeconomic factors that impact the economy. So it is important for India to introduce a simplified taxation system.

Complex systems always demotivate the users and increase the time in the system. So it was the need of the hour for India to make a simplified tax system. So the government of India introduced the Goods and Services Tax (GST) in the year 2017 on 1st July.

This new taxation system deleted many taxes such as excise duty, services tax, customs duty, surcharges, State-level Value Added Tax (VAT), and Octroi. This helped in reducing the complexity of the system and helped in making a uniform taxation system in India.                                                    

What is the rate of GST on the flats? Gst in Real estate :

In the new rule, you have to pay 12% GST during buying the home if you are choosing an under-construction property. At the same time, if you are buying the property in a  ready-to-move property or fully completed project then you do not need to pay this GST at all. Additionally, it is also important to mention that if you are buying flats, apartments, and bungalows which come under affordable housing (properties with specified price brackets and carpet areas) then you have to pay just 1% of the GST while for the non-affordable ones you have to pay 5% GST. If you are buying a flat from Realtech Nirman then you do not need to worry about the GST. Realtech Nirman will help you to understand this. 

In this topic, it is important to mention that buyers prefer Gst on the under-construction property more than the fully completed project. In under-construction properties, buyers have the freedom of changing the design or pattern or they can increase or decrease the room size according to their needs. However, it is not possible once the project is fully completed.

What is the GST rate on construction materials? Gst in Real estate :

We have to pay GST on every purchase and the construction materials are not out of this. As these costs also include in the price so we have to consider these factors as well.

The GST rate on construction services is 18%. However, this rate varies in the construction sector as for affordable housing; it is 1%. The input service and construction materials rate is 18%, while other segments have 5% while the GST rate on construction services ranges from 8% – 10%.

The GST tax on the construction business is calculated on the basis of the whole expenditure of the process. For example, in construction work, you will need sand, cement, etc and you will need laborers as well. So on the sum of labor charges and the prices of construction materials, the GST will be charged.  However, you will need a lot of materials for construction and the GST charge is different for every material. 

 

What are the different charges for construction materials? Gst in Real estate :

1. Cement: There are many types of cement such as aluminous, slag, portland, hydraulic, or super sulfate types of cement and the GST charge is the same for every kind of cement. The GST charge is 18%.

2. Sand: Just like the cement there are various types of sand as well. The types are tar sand, oil shale or bituminous, asphalt, asphaltic rocks, natural asphaltites, bitumen etc and the GST charge is 18% for these all. However, if you are using natural sand for the construction business then the charge will be 5% only.

3. You will need pebbles, crushed stones and gravel for the construction and the GST charge for these all is 5%

4. Bricks: Bricks also has many types under it and the GST charge differs. If you are using building bricks, fly ash, siliceous, or other fossil-made bricks for the construction then the charge will be 12% while for the refractory bricks or bricks of pressed or molded glass, the GST charge will be 18%.

5. You will need tiles and ceramic goods for the construction and the GST charge is 18%. However, this charge will increase to 28% if you are using glass-based blocks used for paving, concrete or artificial bricks can reach up to 28%.

6. Marble & granites are one of the most important materials for construction and if you are using the blocks of marble and granites, the charge will be 12%. However, if you go for the marble & granites which are not in the shape of blocks the GST charge will be 28%.

7. The GST charge on basalt, sandstone, porphyry, and other sandstones is 5%.

8. The GST charge on iron & steel products is 18% and it includes all the types such as blocks, rods, or wares.

9. You will need tiles (Earthen, roofing) for construction and the GST charge is 5%.

10. The GST charge on wall tiles is 28%.

11. You have to pay an 18% GST charge for bamboo floor tiles.

12. The GST charge on artificial stone, cement, and concrete tiles is 28%.

13. The GST charge on copper wires is 28%

14. You have to pay a 28% GST charge for Paint and varnish.

15. The GST charge for pipe fittings is 18%

16. The GST charge for ceramic sinks and bathroom fittings and wallpapers is 28%

17. The GST charge for locks is 18% and for base metal mountings and fittings it is 28%

 

How is it impacted on the buyers? Gst in Real estate :

A business is for the buyers and it is important to pay attention to the convenience of the buyers. In the traditional taxation system, the buyer had to pay taxes such as VAT, Service tax, Registration charges & Stamp duty on the purchase of properties under construction. Well, these are not all, there were more taxes such as VAT, Registration charges & Stamp duty that were state levied. So the price of the property varied in different states and there was no uniform system at all. The builder had to pay taxes such as sales tax (CST), custom duty, OCTROI etc.

However, under GST the individual has to pay 12% GST if they are buying an under-construction flat. It is not applicable to projects which are completed already. So it is saving a huge money for the buyers and increases convenience as well.

How is it impacted the builders? Gst in Real estate: 

In the previous taxation system, the builder had to pay taxes such as excise duty, VAT, Customs duty, Entry taxes, etc. on raw materials/inputs, and Service tax on various input services like approval charges, architect professional fees, labor charges, legal charges, etc.

Input Tax Credit (ITC) was not available for the taxes such as  CST, Customs duty, Entry Tax, etc. These taxes increased the price of the p[roperty eventually and was creating a financial burden on the buyers.

In the current scenario, there are no different taxes and ITC is available. So it has reduced the cost significantly. In a nutshell, it can be stated that GST has increased the convenience of teh builders as well and it has reduced the price range which is helping in attracting more buyers. In this topic, it is important to mention that in the previous taxation system, there were many unrecorded transactions in the system which were reducing the transparency of the system. However, in this new taxation system credit on inputs and cloud storage of invoicing is helping increase the transparency in the system.

Some common FAQs, Gst on Flat Purches 

 

1. How many types of GST are available in the market?

There are many types of GST in the market. One is CGST which is Central Goods and Service Tax (CGST), another is State Goods and Services Tax which is known as SGST. Well, in the case of union territories, it is  Union Territory Goods and Services Tax or UTGST. Apart from these, we have  Integrated Goods and Services Tax which is also known as IGST.

2. Who pays GST?

GST pays by both buyers and builders.

3. What type of property is considered residential property?

Residential properties are those properties that do not have commercial space with a carpet area of more than 15% of the cumulative carpet area in every apartment of the project.

4. If I rent out my flat, do I need to pay GST?

If you have a residential property and you are renting it out for residential purposes then it will not attract any kind of GST. however, if you are renting it out for commercial purposes then you have to pay 18% GST because it will be considered as a supply of service.

5. Is GST helping us as a buyer?

Yes, in the previous taxation system, an individual had to pay various kinds of taxes such as  VAT, Service tax, Registration charges & Stamp duty and all these taxes were state levied. So the prices of properties varied. However, GST has simplified it and now you are just paying one tax at a time.

 

Final words: GST has reduced the prices of the properties and it has increased the convince for buyers and builders. All you need to do is to make some research work on GST to understand this easily.

Are flats a good investment in Kolkata?

The real estate market was one of the worst affected markets during the pandemic. However, the market is recovering rapidly. In data, it has been shown that the demand for housing or flats in investment has been raised by 70% more than the demand of pre-pandemic time. Buyers tend to buy flats due to their affordability and other conveniences. However, it is important to consider every aspect such as the future of the flats or if is it worth the money or not. So in this blog, I will evaluate whether, are the flats a good investment in Kolkata. This will help you to understand the need and value of flats as well.

Why are investments in Properties a good investment?

1. Affordability for investment in flats:

lats are way more affordable than plots or a house. So if you are living in a rental house, it is a regular expenditure, and investment in a flat will save that money. At the same time, if you want to invest in real estate, flats are the best options for you on an affordable budget.

2. Alternative income source through investment in apartments :

Flats are not just an investment. It can make an alternative income source for you. In the future you can put your flat on a rental basis for some extra income. This will reduce your financial burden significantly.

3. Low maintenance:

Flats are comparatively less maintenance than houses because flats require much lower space. The responsibility level is also lower. In most of the flats, there is a managing committee which takes care of maintenance. So all you have to do is to pay the money. In a nutshell, if you have a busy schedule flats are a good option for you.

4. Security:

Most of the flats have a way better security system than traditional houses. For example, most of the flats have security features such as intercom, CCTV, 24*7 security guards, house automation, etc. These security systems make sure you live with peace of mind. So if you live alone or you have kids or you have elderly at home, flats are the best option for you.

In this topic, it is important to mention that if you are looking for a flat to buy with all the updated security features, you must contact Realtech Nirman Group. They have a wide range of options of flats in the Rajarhat area of Kolkata and all of their flats have excellent security features. These will help you feel safer. 

5. Flexibility:

Flats are pre easier to handle. If you are buying a flat in Kolkata today and you shift to a new city tomorrow, it is easy to handle the flat. You do not need to keep an eye on its maintenance or you do not need to stay in the city to manage it. The managing committee is there to look after it and you can sell whenever you want. So it is flexible and helps in adding flexible values to your life.

6. Social connectivity:

When you are residing in a flat, it is obvious that you have to maintain a good relationship with your neighbors. It helps in making a social bond among different types of people and strengthens the social system.

So it can be noted that flats are one of the best real estate investments ever. It has a significant number of advantages as well. Now it is important to discuss why buying a flat in Kolkata is a good idea.

Why is an investment in flat in Kolkata a good idea?

According to the report of London-based global management consulting group — AT Kearney, Kolkata is the fastest-growing city in India. This list has names of Mumbai and Bangalore as well. This report has stated that Kolkata, Mumbai, and Bangalore are the fastest-growing cities in India and this report has been made on Global Cities Index (GCI).

The report has also mentioned that the state government is working hard to make Rajarhat and New Town a smart city. The state government has formed the National Institute of Smart Governance (NISG) to take care of this matter. This is making a world-class infrastructure in Kolkata. So it is obvious that investment in Kolkata is a wise decision.

At the same time, A T Kearney’s report on Global Cities Index for 2015 has stated that Kolkata is increasing its score in business activities as well. It is increasing the human capital and cultural index. So, again it is a great idea for you to invest in a flat in Kolkata right now. It will pay you later.

 

Is Kolkata becoming a rich city day by day? By investment in flats :

Data from Knight Frank India is showing that the number of Ultra rich people in Kolkata is growing every year. In 2016 the number grew by 115% from 119 and in 2021 this number is 257. In terms of Ultra rich population Kolkata is holding the 5th position. The list is- Mumbai, Hyderabad, Pune, and Bangalore. However, the growth rate is way higher than in these cities.

According to the report of Knight Frank’s The Wealth Report 2022, Kolkata is home to 257 ultra-rich people who have a net worth of $30m and above. This report has also forecasted that the population of ultra-rich people in Kolkata can increase by 43.2% to 368 by 2026. So it can be noted that this city has lots of potential. If you are buying a property today, the price of the property will increase tomorrow, and in the future, you will be able to sell it at a high price. Isn’t it just like a savings account in a bank?

 

The increasing urbanization of Kolkata:

In 2014 the population of Kolkata was 15,123,555 while in the year 2003, this number was 13,706,42. The ratio of the increasing population is 0.9%. Today only the metro area of Kolkata has a population of 15,333,000. So it can be noted that the population is increasing rapidly and it will increase with time.  As a result of the increasing population, the demand for living space will increase as well. So it is obvious that the demand for flats will increase and if you are buying a flat today, you will be able to sell it at double the price in the future.

 

Kolkata is growing financially through investment in flats :

The West Bengal government is working hard to get the right amount of attention from the industrialists and for this, they have approved five new industrial parks and 18 units involving an investment of about Rs 600 crore. This will help in getting industry for the state. For example, recently Deloitte has opened its branch in Kolkata to meet the increasing demand. This will also help in generating employment as well. Additionally, Rajarhat and New Town are becoming smart cities. The state government is working on developing the infrastructure of these areas. In a nutshell, it can be said that Kolkata is a growing city in terms of business and employment.  So lots of employees from other cities will come to stay and work here and you will be able to earn a handsome amount by putting your apartment on rent.

 

Some common FAQs- Investment in flats 

1. Do home loans help in saving on income tax?

Yes, under Section 24(b), you will be able to get a tax deduction on your gross income and this deduction can be up to 2 lakhs. However, you have to keep in mind that the flat and home loan must be sanctioned in your name.

2. Is investment in properties help in savings?

Definitely, if you are going for a home loan, you will be forced to reduce your expenditures. Additionally, a flat is a real estate property and will pay you later in the form of rental value or resale value. So definitely it is a form of savings.

3. Do the flats have any resale value?

Yes, it has. You can sell out your flat at any given time. However, the resale price depends on the location of the flat or on the condition of the flat. If your flat is in a prime location and it is well maintained, then you will be able to get a good price.

4. Do I need security in the flat?

Yes, it is a must-have. You can not be present at your flat 24*7 or even if you are present, it is not possible for you to fight with a group of dacoits. It has been shown that burglars avoid flats that have a good security system. So, if you want to live a safe life, choose a flat which has updated security systems.

5. Are flats reasonable to investment in flats?

Well, flats are more reasonable than houses or plots. You will be able to get a flat for 15 lakhs even. However, it is important to mention that the prices of flats depend on the location and other amenities. So, have realistic expectations.

Final words: Flats are good investment options. The demand for flats will increase over time because the population will increase. Kolkata is a growing city and the urbanization of Kolkata is also expanding. So investing in a flat can be the best decision of your life.

The Ultimate Guide to Buying Flats in Newtown Rajarhat: Tips, Tricks, and Considerations

Buying Flats in Newtown Rajarhat is truly special. It is related to our feelings and emotion as well. It is a big financial commitment. So it is important for you to be very careful about the project you are investing in. Otherwise, your hard-earned money will be in wastage. So here I am today with some specific tips, tricks, and considerations which you should follow before the investment.

                       

One of the most popular places among Kolkata real estate buyers is the Newtown Rajarhat area of Kolkata. So, this list will focus on the Rajarhat area. However, these tips, tricks, and considerations are applicable to every place. Whether you are buying a flat in an apartment or you are buying a house, it will affect your future and family, right? So, let’s get into the tips.

 

1. Set a budget for Buying Flats in Newtown Rajarhat: 

We all have a lot of plans for our first home. However, it is important to know our capacity first. So the first step or first tip to buy your dream property is setting the budget.

You can take a home loan for that. However, ever you are taking a home you need to remember your capacity. It has been suggested by the experts that you should spend your 28% income on your loan. Just remember you have lots of other debt too. So take the loan and set the budget wisely.

 

2. Set realistic expectations for Buying Flats in Newtown Rajarhat: 

After setting the budget, you will understand what kind of apartment you will get or the location you will be able to get in your budget. Realistic expectations help in making the right research about the property. It reduces the time of searching.

 

3. Choose your builder wisely Buying Flats in Newtown Rajarhat:

Make research about the builder before you invest your hard-earned money. Although we all do a little bit of online research. However, experts say, the best way to know about a builder is by taking feedback from their old customers.

You can connect with the old customers and can ask them about the post-sale servicing or the quality of their construction as well. At the same time ask them about the finishing time of the project. If a builder does not have the reputation of finishing out their project on time then you should not invest in that project. Any kind of delay in finishing the project will create a financial burden on you. In this way, you will be able to know the real picture of their services.

A reputable builder tends to maintain legal transparency in the business. This will ensure the safety of your money. 

Realtech Nirman believes in maintaining transparency in the business. So they post video testimonials on their social media handles which is basically the genuine feedback of the consumers.

If you really verify a builder, here are some points you need to verify :

(i) The Title Deed

(ii) Encumbrance Certificate

(iii) Property Tax Receipts

(iv) The Release Certificate

(v) Building Completion Certificate (BCC)

(vi) Local Municipal Corporation approvals

(vii) RERA certificate

(viii) Commencement Certificate

(ix) Building Approval Plan

 

4. Focus on the carpet area and super-built area for buying Flats in Newtown Rajarhat:

If you are searching for a 3 or a 2-BHK flat in Newtown Rajarhat, the inside space matters a lot. So here one of the most important things is the carpet area and the super-built area.

The carpet area is the area of your flat. In a nutshell, the area you have inside your flat is the carpet area.

Super-built areas have elevators, staircases, parking areas, a clubhouse, and so on. So when the builder is telling you the price, ask them about the details of the super-built area and carpet area. 

 

5. Do not overburden yourself :

I know that buying a home for the first time can be overwhelming. So it is important for you to leave enough space in life.

Do not overburn yourself. You need to remember that the price of a flat is not everything. There are many more hidden costs. For example, if someone is posting that the flats here are from 23 lakhs onwards, it doesn’t mean that this 23 lakh is your only expense to get that flat.

There are many more expenses such as PLC charges, GST charges, registration charges, parking spaces, stamp duty, home loan processing fees, miscellaneous charges, maintenance deposits etc.

So it is really huge. However, you must save some funds for your family and for emergency purposes too.

 

6. Do not forget to check on the HIRA number:

The full form of HIRA is the West Bengal Housing Industry Regulatory Act.

The HIRA number is proof that your builder and the project are legally approved by the state government. It ensures the transparency of the business as well. It also ensures that if you face any issues regarding the services or project, you will be able to take the help of the government.

So, do not forget to ask your builder about the HIRA number.

 

7. Location plays a huge role in buying flats :

Buying a home is a lifetime decision. This will affect our families significantly. So focus and choose a location while thinking about the future.

For example, an apartment can be really reasonable and luxurious, however, the locality is not good enough. You should not invest in that.

Rajokiya apartment by Realtech Nirman is just 2 km from Bellevue Hospital, 9 km from Netaji Subhash Chandra Bose Airport, 3 km from TCS, 10 km from Ultadanga railway station, 2 km from Amity University, and 4 km from Axis Mall. So in a nutshell Rajokiya will take care of every need of your life and family.

 

8. Focus on legal matters:

It is important for you to check all the legal documents of the project and the land.

Real estate has a lot of legal matters involved in it and missing out on a single thing can put your money at risk. You need to check the documents such as the occupancy certificate, title deed, building plan, completion certificate, sale deed, encumbrance certificate etc.

If you are not aware enough of these facts, you should take the help of a lawyer.

 

9. Read the agreement carefully for buying Apartments in Kolkata:

It can be called the most crucial part of buying a flat or a property. You should read the buyer-builder agreement very carefully.

Many times there are some hidden terms or words which can change the game. You should also check that the builder will pay compensation if they fail to complete the project on time. Otherwise, it can cause trouble for you.

At the same time, you should check that the agreement has an exact date, as instructed by Rera.

 

10. Do not fall for the looks Before buying an Apartment in Newtown Rajarhat:

It is important for you to check the quality of the construction. An apartment can look outstanding and can have all the amenities you look for. However, if the construction quality is not good, it is not going to serve its purpose.

 

11. Amenities for flats in Kolkata :

Amenities are one of the most important parts of an apartment. So you should have a list of amenities that you will need for the rest of your life.

For example, if you have kids at home, a playground is an absolute necessity or if you have elderly people a hospital in a nearby place is a necessity. So, have a clear idea about it.

If you are buying a property in Rajokiya, you will be able to get all the necessities such as a community hall, uninterrupted power supply, gymnasium, playground, car parking, and so on.

 

12. Uninterrupted water & power supply:

Water and power supply are basic needs of life. So you must have a check on these two before you invest.

There are many instances where the apartment has excellent features, amenities, and location, however, the area has a severe issue of power cuts or water shortage.

So, when you are looking for all amenities, make sure that you are also asking for these two as well.

Rajokiya, the affordable flat near Newtown Rajarhat will be able to get a 24*7 power supply as they have that kind of set-up. This apartment also has a stable water supply system which will ensure a smooth living.

 

13. Focus on the furnishing cost involved:

Many times there are apartments that need renovation or interior work after you enter. So ask your builder about the interiors before you invest. If a builder is offering you a semi-interior at the price of a full interior, then you should not invest there.

 

14. Rental value and resale value of the property :

Buying a property is a form of investment. So it is important for you to make research on the resale and rental value of the property.

This will help in making an income source for you.  You can ask your builder about this information. You can also hire an agent who will give you all the necessary information.

 

Final words: Buying a property is a dream come true and it is a high investment. So have a look at these tips. This will help you to get your desired property.

Top 5 2/3 BHK Flats in Newtown Kolkata – Flats for sale

Home is the place where the heart lies. So you need to be very careful during buying your home. During buying a home you need to be very careful about various factors like the right environment, amenities, legal factors, and so on. So for your better understanding, today here I am with a list of the top 2/3 BHK flats sale in Kolkata, Rajarhat.                             

Rajmahal-2/3 BHK flats sale near Newtown: 

flats sale in kolkata
2/3 BHK flats near me in Kolkata

Rajmahal is one of the most successful projects of Realtech Nirman. It is situated in Newtown, Rajarhat area of Kolkata. It is one of the most demanding places in Kolkata among the buyers. There are various reasons for this demand such as well connectivity with the rest of Kolkata, the presence of every amenities for life at the nearby places, etc. So if you are looking for a flat near  Newtown, Rajarhat then Rajmahal can be a destination.

Amenities of Rajmahal:

Amenities are the first thing you should look into before you invest in an apartment.  In Rajmahal you will get almost every amenity of life like a community hall for every function of your family, swimming poor to have a relaxing time after a hectic day at work, a modern gymnasium with all updated types of equipment to stay healthy and fit, 24*7 power supply for a seamless life, fire protection arrangement for a safe living, car parking, high-end security system for the protection of loved ones and water filtration plant as well. Now according to me, these all amenities can be addressed as the basic need for a good life. To know more, you can visit the website of Realtech Nirman.

Access to the best places in Kolkata:

Life is not all about the amenities you are getting inside the apartment. You need to live in a place where you will be able to get all the support for living like educational places, hospitals, offices, entertainment spots, etc.

Rajmahal paid serious attention to this and they chose a place for this project which is closer to every important amenity of life. For example, Rajmahal is just 3 km away from Bhagirathi Neotia Hospital, Ohio Hospital is 3 km away, Tata Medica Center is also just 3 km away. Rajmahal is 9 km away from the Netaji Subhash Chandra Bose Airport of Kolkata. It is just 10 & 11 km away from the Ultadanga & Dum Dum railway stations. Not only these Rajmahal is just 2 km away from two famous universities of Kolkata which are Aliah and Amity University of Kolkata.

Do you have a busy schedule at your work? Well, Rajmahal can solve this issue. It is just 2 km away from Ecospace & 2.5 km away from TCS. Well, not these two only, Rajmahal is closer to DLF 2IT park and Unitech. Axis Mall and Novotel are just 4 km away from this apartment. So you are getting almost every need of your life in one place.

The price range of Rajmahal: The price range for a 2/3 BHK flat in Rajmahal starts from 24 lakhs onwards and the price of Rajmahal is only rupees 3800 per sq ft.

Rajokiya, 2/3 BHK flats sale near Newtown: 

flats for sale near kolkata
2/3 BHK flats sale in Kolkata

 

Newtown Rajarhat is growing and buyers tend to have a property in this area. So considering the demand of the buyers Realtech Nirman built Rajokiya as well. So let’s get into the details of Rajokiya.

Amenities of Rajokiya:

Rajokiya pays good attention to the comfort of the residents. So this residence has a community hall, swimming pool & car parking inside it.

Apart from the above-mentioned amenities Rajoliya has a 24*7 power supply for a non-stop life of residents, a water filtration plant for a healthy life, a high-end security system for the safety of the residents, a modern gymnasium which also helps in managing a healthy life of the residents. Well, according to me, these features are must-haves for a peaceful life.

The convenience of Rajokiya:

This apartment is just 10 & 11 km away from Ultadanga & DumDum railway stations. The Bellevue Hospital is just 2 km & Ohio Hospital is 3 km away from Rajokiya. Aliah and the Amity University of Kolkata are 2 km away, and TCS & DLF 2 IT park is 3 km away from Rajokiya.

 Well, this is not all. The Axis Mall is 4 km away and the Netaji Subhash Chandra Bose Airport is 9 km away. So basically your life will be much easier with Rajokiya.

The price range of Rajokiya: You will be able to get a 2/3 BHK flat in Rajokiya at rupees 23 lakhs onwards only. The price per sq ft in Rajokiya is only 3800 rupees.

5 Affordable Housing Projects in Kolkata- 2/3 BHK flats sale in Kolkata

 

Rajvansh, Newtown, Rajarhat by Realtech Nirman: Rajvansh is also a dream project of Realtech Nirman and can be called one of the most affordable flats in this Rajarhat area. Just like the other projects of Realtech Nirman, Rajvansh also has all the amenities for a comfortable life.

Amenities of Rajvansh: Rajvansh is one of the places where you will get all your desired amenities. It is 1 km away from DPS Megacity, 3.5 km away from IIT Kharagpur Rajarhat Campus, and 3.5 km away from St. Xavier’s University. So it can be said that almost all the best educational places are near Rajvansh.

This apartment is 2.5 km away from Bhagirathi Neotia Hospital and the Ohio Hospital of Kolkata. It is just 9 km away from the Kolkata airport. Not only the airport, this residence is just  10 & 11 km away from the nearest railway stations which are Ultadanga & DumDum.

Rajvansh is just 3.5 km away from the Downton Mall of Kolkata which is one of the most important entertainment junctions of Kolkata. If you reside here, the Novotel & the Westin will be just 4 & 3 km away from you. So, isn’t it something super comfortable as a living place?

Do you know what is the most special thing about Rajvansh? The most special thing is that despite being in the heart of the city, Rajvansh will give you a touch of nature. This apartment has a significant amount of greenery inside it.

This is called everything in a package.

PS Soul, Rajarhat, Newtown by PS Group:

PS Group also focuses on the best comfort of the residents. Their project “Soul” is reflecting this ideology.

We all know the meaning of “Soul”, however, when it comes to the apartment, the Soul is where the residents feel most comfortable. “Soul” is situated on 6.89 acres of land. 60% of the Soul has an open area which makes it most comfortable.

With all the latest amenities Soul has a large amount of greenery inside it. You can buy a 3BHK flat here at a reasonable price.

Amenities of Soul: As the Soul has a large land area inside it so you will get a large amount of indoor activities here. Additionally, you will get a range of outside activities as well. The Soul has a solid water conservation and waste management system inside it.

Affordability of the Soul: The Soul is affordable for all kinds of buyers. You will get a 2 BHK apartment from 61 lakhs onwards and a 3 BHK apartment from 80 lakhs onwards.

PS Amistad, Newtown, Rajarhat by PS Group:

Amistad means friendship in Spanish. In Amistad, you will be able to make a friendship between modern lifestyle and nature. The PS group paid significant attention to making a balance between the both. As a result, Amistad is situated in the lap of mother nature. 

Amenities of Amistad: Amistad has a significant amount of free space inside it. You will be able to enjoy every kind of indoor and outdoor activity here. Apart from this, Amistad offers water conservation & solid waste management inside the apartment.

Affordability of Amistad: A 3 BHK apartment in Amistad starts from 87 lakhs.

Affordability of Amistad: A 3 BHK apartment sale in Amistad starts from 87 lakhs.

I hope you have a list of affordable & comfortable housing in Newtown, Rajarhat. However, it is important to understand the reasoning behind having so much focus on Newtown, Rajarhat. It is important to analyse the reasons why the buyers prefer Newtown so much. Here are the reasons-

1. Satellite city flats for sale: Newtown is the fastest-growing satellite city. It is a planned city and every part such as streets, channels, sewerage lines, water supply lines, significant beautification works etc are planned. The government is executing developments like – structures, projects, parks, galleries, trams, and overbridges here. So, life is much more comfortable here.

2. Economic joint: Although the first IT and economic joint of Kolkata is Salt Lake. Newtpwn is following the same path. It has companies like TCS, Wipro, Infosys and Cognizant in the adjacent area. So if you are an IT professional, Newtown is an ideal living place for you.

3. Educational hub: Newtown is not only leading in the IT space, but it is also leading in the educational field. It has some educational places in Kolkata such as Amity University, University of Engineering and Management, St. Xavier’s University, Presidency University, Aliah University, IIT Kharagpur Research Park, Institute of Chartered Accountants of India, Indian Institute of Social Welfare and Business Management in the adjacent area. Apart from these, it has Delhi Public School, The Newtown School, Narayana School, and Bodhicariya Senior Secondary School as well.

Final words: Newtown can be called the most desired living place in Kolkata. So what are you waiting for? Choose your dream home now.

5 Affordable Housing Projects in Kolkata- 2/3 BHK flats sale in Kolkata

Buying a  home is a dream. Every family has the dream of having their own space in the heart of the city or in a convenient place. Buying a home is not a dream come true only, it is an investment for the future. So it is important to do proper research before investing. This research will help you get the right property at a reasonable price. So here I am with a list of the 5 most affordable housing projects near me that have the ability to meet your expectations.

                                                          

1. Rajmahal, 2/3 BHK flats in Newtown, Rajarhat Kolkata: Affordable Housing Projects

2/3 bhk flat sale in kolkata

Rajamahal is one of the dream projects of Realtech Nirman and it is one of the most Affordable Housing Projects. Rajmahal is situated in the heart of Kolkata. So it is extremely convenient for the residents. However, Rajmahal is carrying a little greenery for the residents. You will be able to cherish the greenery from the luxurious balconies of Rajmahal. Isn’t it a great idea?

Here, I want to give you one more piece of information that is Rajmahal means the house of the kings. The kind of amenities and luxury Rajmahal offers will truly make you feel like a king. So, let’s get into the amenities part of Rajmahal.

Amenities of Rajmahal:

Rajmahal is a perfect blend of traditional outlook and modern life. Here you will be able to have all the modern amenities for life such as 24*7 power backup, a water filtration plant, a gymnasium with all updated equipment, car parking, high-end security systems, a community hall, and so on. So it can be said that Rajmahal can meet all your necessities.

Not only the amenities part, Rajmahal is situated in the heart of the city so you will be able to have all the other facilities of life. For example, Rajmahal is just 2 km away from Bellevue Hospital, 9 km away from Netaji Subhash Chandra Bose airport, 10 km away from the rail station, 2 km away from Novotel which is one of the best hotels in Kolkata, 3.5 km away from Downtown mall, 2 km away from Ecospace which is one of the main points for the best IT companies of Kolkata. Although this area of Kolkata has no meteor station currently, the metro station is under construction. So the residents will enjoy that facility too.

Affordability of Rajmahal:

Rajmahal has 2 or 3 BHK flats for you. The price is really affordable as well. You will be able to book a flat at rupees 3600 per sq ft only. Apartments here start from 24 Lakhs only. So, isn’t it like a dream come true?

 

2. Rajokiya, 2/3 BHK flats in Newtown, Rajarhat Kolkata: Affordable Housing Projects

Affordable Houses in Kolkata

Rajokiya is another successful project of Realtech Nirman. Rajokiya is also situated in Newtown and can be named the most Affordable Housing Project by Realtech Nirman.

Rajokiya is also a blend of traditional outlook with modern amenities. It has mind-blowing greenery for the residents. This will not only help in enjoying the little moments of life but also help in calming the mind.  

Rajokiya means the lifestyle of the kings. Well, I must say Rajokiya justifies the name actually. It will provide you with a royal lifestyle on a reasonable budget.

Amenities of Rajokiya:

Rajokiya pays significant attention to the comfort of the residents. It has a community hall for all the residents, 24*7 power backup, a modern gymnasium, a swimming pool for relaxation and exercise, a water filtration plant to keep an eye on the health of the residents, fire protection for the safety of the residents, car parking and so on.

An apartment is not all about the amenities for life. It is also about the other conveniences as well. Rajokiya is just 2 km away from Aliah University, 3.5 km from the St Xavier’s University, 3 km from Ohio Hospital, 3 km from Bhagirathi Neotia Hospital, 9 km from Netaji Subhash Chandra Bose Airport, 2.5 km from Unitech Infospace, 4 km from Axis mall, 10 km from Ultadanga railway station and 11 km from DumDum railway station. Rajokiya is situated in Newtown of Kolkata and the work for metro stations is going on in this area.

Affordability of Rajokiya: 

Rajokiya can be called one of the most Affordable Housing Projects in the Newtown area. The apartments start here from 23 lakhs. Here, you can buy 2 or 3 BHK apartments. In Rajokiya per sq ft prices start from 3600 rupees only. Isn’t it really affordable? So what are you waiting for?  Connect with Realtech Nirman now.

 

3. Anassa by PS Group at EM Bypass: 

EM Bypass is one of the most prominent places in Kolkata. Due to the excellent connectivity, it is highly popular among buyers. “Anassa” means queen in the Greek language. Well, I must say the kind of luxury it provides you, you will feel like a queen. Anassa has the facility of 4 or 3 BHK flats. So it is extremely convenient for big families.

Amenities of Anassa:

Anassa has apartments which have master suites of 635 sq ft. This is ideal for people who love space in the master bedroom. The inspiration for Anassa has been taken from French architecture. So it has large windows and double-layered ceilings. This feature helps in allowing the natural lights and air in the room. On this point, it is important to mention that, it is extremely auspicious according to Vastu. So, it is not only about luxury or comfort, Anassa has paid attention to your future as well as the most Affordable Housing Projects in Kolkata.

Anassa is connected with the feature of a grid-tie solar system which ensures a non-stop power supply for the residents. Apart from this, Anassa has a sky lounge at 418 feet, aesthetically crafted walkways, a regal landscape, a dramatic pool, a games room, a private gym, and a spa as well.

Well, this is not all Anassa still has much more to offer. Anassa is connected to renewable energy through regenerative elevator drives and electric vehicle charging points in the parking garages 

Affordability of Anassa:

As I have mentioned before Anassa is extremely affordable and you can buy 4 BHK and even 5 BHK as well. This is extremely convenient for big families. The price of 4 BHK flats starts from 2084 per sq ft.- 2566 per sq ft. 5 BHK at Anassa starts from the price range of 3659 per sq ft.

 

4. Rajvansh, 2/3 BHK flats in Newtown, Rajarhat Kolkata: 

Affordable 2/3 Bhk Apartments in Kolkata

I have mentioned the two projects by Realtech Nirman in this write-up already and the two projects are Rajmahal & Rajokiya. Rajvansh is the third part of this project and the name of the whole project is Rajotto one of the Affordable Housing Projects by Realtech Nirman.

The meaning of Rajvansh is the royal family and the meaning of Rajjoto is royal territory. Well, I must say the kind of life amenities Rajotto is offering for its residents, you will feel like a king and it is your sole territory.

Rajvansh is situated in the special economic zone of Newtown, Rajarhat. Rajvansh is also situated in the lap of nature. So you will be able to get the peace of nature with all kinds of modern amenities.

Amenities of Rajvansh:

Well, according to me the biggest amenities of Rajvansh is the balance between nature and modern lifestyle. Apart from this, Rajvansh has modern amenities like high-end security features for the safety of the residents. 24*7 power backup to ensure comfort, car parking, community hall, modern gymnasium with all kinds of modern equipment, fire protection feature to ensure the safety of the residents, water filtration plant to ensure the health safety of the residents, and so on.

I have to say that the upper mentioned amenities are important but not the most important. The most important amenities are the convenience of important centres of the city. In that case, Rajvansh is just 1.5 km away from Bellevue Hospital, 2.5 km away from Ohio Hospital, and 2 km away from Tata Medical Hospital. Rajvansh is just 9 km away from the Netaji Subhash Chandra Bose airport and 10 km from the nearest railway station. It is just 2 km away from Aliah University and 3.5 km away from IIT Kharagpur University. On the entertainment part, it is 4 km away from Novotel, one of the best restaurants and hotels in Kolkata, and 4 km from Axis Mall.

So it can be stated that every necessity will be fulfilled if you go for Rajvansh.

Affordability of Rajvansh:

You can buy 2 or 3 BHK flats in Rajvansh and the price starts from rupees 3600 per sq ft. You can buy a flat from 23 lakhs onwards.

 

5. Magnolia sports city, Kolkata: 

Magnolia can be called the most convenient for the residents. Well, all of the above projects have a good amount of amenities for life at an Affordable Housing Projects price but this project has a special feature which is a sports ground. This is something really important and useful. A property at the Magnolia sports city starts from rupees 670 per sq ft to 1134 per sq ft. Isn’t it extremely affordable?

Final words: I have mentioned the most affordable properties in Kolkata which have a significant amount of amenities as well. So the choice is yours now.

What is Vastu For Home – Vastu Tips for New Home

It is not possible for the builders to maintain Vastu Shastra for the home at all times during construction. However, the builders pay a significant amount of attention towards it and Realtech Nirman is one of them. As Realtech Nirman believes in doing the best for the consumers, so they pay attention to this as well.

So if you have a strong belief in Vastu Shastra for your home, then you can look for some features during buying the house. Vastu for home is not only placing the statues in the house. It is about the shape of the house or the rooms and much more. So in this blog, I will focus on some of the Vastu tips which will help you attract positivity and prosperity into your house. Additionally, Vastu helps in managing positive vibes in the house. So let’s get into the blog first.

1. Basic Vastu tips for the house- East-facing Vastu plan :

There is a few basic Vastu which can be called the basic need for a house. So here is a list for that-

2. Room shape- North Facing Vastu plan :

Room shapes play an important role in Vastu. So if you are looking for a new home make sure you pay significant attention towards it. According to Vastu, the best room shapes for a home are rectangular or square.

Well, apart from shaping, it is important for you to maintain the Vastu of rooms as well and for this, you need to keep your room clean, airy and well-lit. According to Vastu, well-lit homes tend to attract positive energy into the house.

1. Items of furniture- Vastu  for home Direction:

Furniture is an inevitable part of the rooms. They are not only for the decorating purpose of the room, they increase our comfort in the house. According to Vastu, you should place your furniture like bed and cupboards in the south-west direction of the house. Vastu also suggests that you should place the stairs of the house in the southwest direction.

2. Water elements- Vastu for Home :

According to Vastu placing water elements in the house is lucky and it helps in attracting positivity in the house. Vastu suggests that water elements like water painting, fountains, aquariums, etc keep in the house. It is also suggested by the experts to keep plants in the house. However, remember to keep these all clean and clear. If you keep all the elements clean, only then the Vastu will be positive for the house.

3. Dinning area- Vastu for the kitchen :

According to the Vastu, the dining area or the dining table of the house should not be near the main door.

Well, these are the only basic tips for your new home. Now it is the time for getting into the deeper factors.

                                                                                            

Vastu direction for the entrance of the house:

According to the Vastu main door is not only the way of entering the house but also it is the place where all the energy enters the house. So it is important to maintain the Vastu of the main door of the house. The main door of the house should be facing in the north, east, or northeast direction of the house. It is also important to remember that you should be faced the north, east, or northeast direction when you step out.

According to the Vastu, wooden doors are best for the house and you should not place any dustbin or shoe rack near the main door. For more positive energy in the house, it is important not to paint the main doors in black colour. Make the main doors in a way that it will open in a clockwise manner and you should not use any animal statue at the main door.

 

Vastu for dining area:

According to Vastu, it has been suggested by the experts that you should make your dining area in the west zone. However, if is not possible for you, you can make your dining area in the north, east, or south zone. But remember, you must avoid the southwest zone.

Vastu says, if you make your dining zone in the southwest zone, it will cause a lot of health issues among the family members.

 

Living room Vastu:

The living room is the place where you spend most of the time and it creates an impact on the guests. It is suggested by the experts that you should make your living room in the east, north, or northeast direction.

For more positive vibes at home, it is important to have the furniture of the house in a west or southwest direction. You can place all your electronic appliances like TV or music systems in the southwest direction.

Many times we prefer placing a mirror in the living room to enhance the beauty, natural lighting and our dressing convenience. So if you are also doing that make sure you are placing the mirror in the north wall of the living room.

 

Bedroom Vastu:

For the dining tables southwest direction can be the worst but the southwest direction is best for placing the beds. Southwest direction for beds helps in enhancing health and helps in resolving the issues among the family members or couples.

For the bedroom the worst direction is northwest. Northwest direct of the best can cause bad relations, quarrels, and health issues.

We all have a mirror in the bedroom but it is important not to place it directly opposite of the bed. You must not be seen lying in bed because it will result in having disruptive relations.

 

Vastu tips for bathroom and toilet:

It has been suggested by the experts that you should choose the northwest zone for making a bathroom and toilet while you should avoid the southwest zone for this purpose.

During making the bathroom and toilet make sure you are not placing the entrance of the bathroom in the northern or western wall. You can place the toilet seat in the northwest or southwest direction and the window can be made in the west, east, or north direction. You need to be very careful during the planning of the house. You should not place the bathroom and toilet wall in a way that it shares the common wall with the puja room or kitchen room.

It is important to mention that the colours play an important role in Vastu. So it is been suggested by the experts that you should opt for pastel colours for the bathroom and toilet. You can also go for colours like light blue, pink or grey. This will help you to prevent any kind of Vastu dosh in-house.

 

I think you have got all the Vastu tips regarding the shape of a house or the things you need to pay attention during making a home.

Now it is the time for a few more Vastu tips that will help you to attract positivity and prosperity into the house.

 

1. Vastu says that proper ventilation and natural lighting are very important for the house. If your rooms are getting ample amount of sunlight and pepper ventilation it will have a flow of positive energy.

2. As I have already mentioned, colours play one of the most important roles in Vastu. So you should be very careful while choosing the colours for your dream home. You sound not go for the dark colour because it caused the negative energy in the house. You can go for colours like white, yellow, pink, coral, green, orange, or blue to increase the positive vibes in the house.

3. If you have kids at home and you are planning to make a study room for them, make it in the southwest or northwest direction. It will help in increasing the focus and concentration of the study.

4. In Hinduism one of the holiest plants is Tulsi. It has a lot of medicinal properties as well. It is beneficial as an indoor plant as well. So you can place it in the house and you should place it in the northern, north-eastern and eastern directions of the house. This will help in increasing positive energy and air purification.

5. We all love decorating our house. So if you are just like who loves artwork, you can make a positive Vastu with it. You can place an artwork related to water and it should be placed in the north-east direction. It will help in attracting wealth and good fortune. Please remember to avoid painting related to war, breakup, sadness & all.

6. If you love indoor plants, you can place a money plant into the house. The southeast direction is best for it.

7. You can also place a bamboo plant in the house. As it helps in removing any kind of negative energy from the house.

8. Remember if you want to have a positive vibe in the house, you must avoid thorny plants like cactus.

9. Placing a wall in the north, west, or east direction is auspicious in Vastu.

10. Please remember that you should not hang a wall clock at the main entrance of the house.

11. For the bedroom, you can place a wall clock in the east direction.

 

Final words:

Vastu plays an important role in our lives. It helps in managing our good health, positivity, energy, wealth, and so on. Although there are a lot of people who don’t have a belief in this. However, it is always up to you.