Where Buyers Determine Property Prices

In the regular market place, buyers don’t really have a say and have to take what the seller brings to the market and at the sellers’ terms. This is not the case with real estate Kolkata. Kolkata is among the very few places where the demands of the buyers are determining the price of properties. The demand for homes in most areas of Kolkata has continued to rise steadily especially when you consider that this is an upcoming city that is filled with affordable homes thanks to the availability of low cost land and a number of commuting facilities; this has given just about everyone a chance to invest.

One such development has been the developing IT Hub in Rajarhat which is promising to change the tide of this area. There are a number of investors who haven’t put their feet down because and are assuming a watch and wait situation but the development of the new EM bypass should be another major incentive. The market in this area is predicted to continue growing at a rate of 10-15 percent for the coming five or so years. Developers of real estate in Kolkata are cashing in on the demand o flow cost homes because this is what the consumer wants. As a result, there are many developers who are already acquiring land beyond the borders of Kolkata.

Close to 65 percent of buyers in this market are end users and because they are such a great number, developers of properties in Kolkata are answering their quest for affordable housing especially in terms of apartments because they are sure they will be able to sell. The motivation has been the availability of affordable transport facilities that makes commuting between Kolkata and its sub-urban areas such a joy for the residents. Developers are also enjoying getting involved in smaller projects that are easy to get into and also exit; this has been in response to the government’s revision of the land acquisition bill.