Is Buying Land the Best Investment in West Bengal?
Investing in land can be a great way to build wealth over time. Particularly in West Bengal, real estate investments have the potential to be extremely lucrative. This calls for adequate awareness of all the aspects of the real estate market before making any big investment decisions.
Top considerations before investing in land in West Bengal in 2024
There are many factors to consider while investing in land or purchasing an apartment. This includes carrying out ample research, keeping up with industry trends and regulations, and collaborating with niche experts.
1. Real estate market trends
West Bengal has seen a gradual growth in its real estate market over the past few years. Because of the increased population and improvement in the infrastructure, big cities like Kolkata and Siliguri, have had a booming demand for both commercial and residential constructions since the beginning of 2023.
2. West Bengal property prices
The value of properties in the state corresponds to its location and type, and other such factors. Despite some prime locations such as New Town, Park Street, Airport, Salt Lake City, and EM Bypass in Kolkata, West Bengal is quite reasonable when compared with other metropolises.
3. Advancements in infrastructure
Whether speaking about airports, railway connectivity, educational institutions, diagnostic centres, or any other facilities, the state government is currently prioritizing infrastructure and accessibility on a large scale. This is one of many reasons for the growing flat and land investments.
4. Legal Prerequisites
Deciding on land for investment is a big dream for any person, which is why one should be well informed of the land laws and requirements. Therefore, it is recommended to seek assistance from real estate, financial, and legal agents.
5. Authenticity of the builder
Last but not least, the backgrounds of building professionals should always be checked. Investing in land and other dimensions of real estate is a big deal. Thus, it is good to be cautious of the fact that your chosen builder is not going through any legal cases of fraud.
With all the above considerations, one must not forget to check the current political behaviour of the state. It is important as the real estate market can majorly be influenced by it.
Residential land investment scope in Kolkata: Top reasons
If you are in a fix on investing in land for residential purposes in Kolkata, then the underlined pros can hopefully be of good help.
From the core of the city to its periphery, the railway networks of Kolkata have been in constant development. The number and length of metro connectivity are rising. Moreover, Kolkata is the only city with an International Airport in the entire Eastern region of India. Lastly, the city’s public transportation covers short and long distances with the wide availability of auto-rickshaws, buses, and taxis.
Residing, getting food, or traveling from one location to another, Kolkata is considered to be the cheapest of all metro cities. Respectively, the property value is lower too. Real estate developers are launching new residential projects and the numbers are rapidly elevating.
3. Comfortable lifestyle
Kolkata is rich in its culture and festivals and people come from afar to gain such colourful experiences. So, if you prefer this facet of the city and seek a lavish lifestyle, then it is your ideal place to reside.
Also, there are plenty of options for refreshments with a wide amount of malls, restaurants, and heritage hotspots. Additionally, real estate developers now include a variety of amenities in their projects.
Any ideal project for investing in land?
Amtala City located on Amtala Baruipur road. It is a residential project spanning over 100 acres availing a wide range of residential plots in sizes of 1.5, 2, 2.5, and 3 kathas. Here the interested hold the freedom to shape their dwelling that will authentically reflect their aspirations.
Some of the fantastic amenities that come along are a yoga lawn, party lawn, festival podium, cycling track, kids play area, pet-friendly zone, etc. It even facilitates EV charging stations. On top of that, the infrastructure is highly promising with waste management, and 24×7 security.
The list of the advantages of land investment with this project doesn’t end here. Get an expanded gist by contacting us at Manafuli Developers.
The infrastructural and connectivity advancements in Kolkata make it promising for making land investments in Kolkata. When you look at the entire picture of West Bengal, it is doing well off than other major cities in the real estate market as well. The demand for residential housing is high due to this accelerated growth. So, if you ask “Is buying land a good investment in West Bengal?”, it seems to be good.