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.
