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How Secured are Our Apartments in Kolkata for Senior Citizens?

Every day, when we leave our homes, our friends and family members stay behind. Hence, their security is of utmost importance. If you have a senior citizen in your home, their safety becomes your priority. Nowadays, many professionals stay in other cities and countries. The senior members stay alone in homes. The number of such senior members is quite high in Kolkata. As the housing enclaves are comparatively secured than individual homes, people prefer to keep the senior family members in the apartments. 

Security Aspect of Apartments:-

Have we ever thought whether our apartments are secured or not? High compound walls and security guards on alert at the entrance of our apartment complexes have made us believe that our loved ones are safe in our apartments. Even then, the crime reports have not stopped from coming. Every now and then we hear that burglars or the household helpers have committed a crime which involved a senior citizen, either causing his/her death or inflicting a grievous injury. Can a new generation real estate company in Kolkata dare to be different from the rest? If so, how?



The High-End Security Systems Installed in Apartment Complexes:-

1. The first and foremost requirement is not to allow a visitor to enter your housing complex without a verification. When the visitor explains the purpose of visit, the security guards should verify it with the owner of the apartment or any of the housing committee members.

2. A register should be maintained where the entry and exit records should be kept without a failing.

3. It is highly important to install CCTV cameras around the compound walls. In addition, such cameras should be placed outside the entrance of a particular block and on the lobbies of the individual floors.

4. There must be intercom connections with every individual apartment. Top real estate builders in Kolkata also install devices with the feature of video calling so that the owner will be able to see the faces of the visitors and only allow those whom they know.

5. At night, searchlights should be kept on so that the neighbouring areas around the compound walls are well lit.

The security of senior citizens is the combined responsibility of the residents of the housing complex and the government itself. In addition, the seniors should take care of their security concerns.

Keeping Our Senior Citizens Safe:-

1. The neighbours must check that the senior citizens are hale and hearty. Any emergency call should be attended at the earliest.

2. As per the guidelines mentioned by the police department, the senior citizens should record the addresses of the household helpers and submit the same to the local police station. In addition, their photos should also be submitted.

3. In the event of any minor/major signs of threat from people, the seniors should share them with their immediate family members.

4. It is important to be assured of people’s intention. Better to stay alert, always.

Some simple sets of rules ensure the security of our senior citizens. Let us strive towards keeping our city safe. Stay alert, stay safe. 

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Why the Demand for Luxury Flats in Kolkata is Rising?

Kolkata is an Indian metropolitan city which holds an immense significance in the entire east zone. Every year, people from Bihar, Jharkhand, Orissa and north-eastern states migrate here in the search for better career opportunities. The city is loved by its Rajasthani communities that have settled here for hundreds of years.

The World of Real Estate in Kolkata:-

Probably the best part is that the city offers multiple resources of basic amenities at affordable prices. Real estate properties being one of the basic necessities, we can say that Kolkata would be called a true friend of its residents if the price range is kept within the reach of buyers. Fortunately, the real estate developers in Kolkata are building quality flats keeping in mind the purchasing capacities of buyers. Even the prices of luxury properties are lower than rest of other cities in India.



The Current Scenario of Luxury Real Estate in Kolkata

  • A vast potential: When the issue of oversupply emerges before the real estate developers, Kolkata stands out among the metropolitan cities like Mumbai, Delhi-NCR and Bengaluru. Amidst an overall slowdown, a 20% rise has been witnessed in the sale of high-end residential properties. The simultaneous 10% rise in supply has sufficed the rising demand.

  • Availability of upscale localities: Unlike Mumbai or Delhi-NCR, Kolkata is still having upscale locations left like Chowringhee, Ballygunj and Salt Lake City where land areas are available for building apartments. Apart from them, the rapidly developing residential enclaves in the smart cities of Rajarhat-New Town, are enabling the buyers to purchase their flats in the best locations.

  • Affordable prices: Over the last 2 years, the prices of luxury apartments in Kolkata remained consistent. This phenomenon is driving in the sales. The buyers have faith that there are negligible chances of a sudden price rise. Hence, they can close the current deals as well as make preparations for future investments.

  • Bright future prospects: Compared to Mumbai, Delhi and Bengaluru, the buyers in Kolkata are comparatively conservative. However, the mindset is gradually changing and people are moving out from heritage properties to stay in the luxury pads. In addition, the experts of the real estate property in Kolkata are predicting that the prices would increase by 3% which is a good news for the investors.

  • Recovering from demonetisation: The world of properties in Kolkata is gradually recovering from the demonetisation slump. As much as a 100% rise has been noticed in the number of queries placed for luxury apartments. The market witnessed a rise in the sales graph. As the existing inventory of luxury properties would exhaust, the market experts are expecting that those housing projects which suffered from a slump would also bank in the growth trend and find suitable buyers.

Knight Frank, the international consultancy has published the report that in the last couple of years, there has been a spike in the sale of properties. Around 70% properties have been sold in the Rajarhat-New Town and Garia-Narendrapur belts. Hence, for both the buyers and sellers, lots of opportunities are there to explore.

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Whether to Buy a New or a Second Hand Apartment in India?

Indian economy is witnessing a brighter phase especially in the matters of real estate where there is some good news for the buyers. Given the reduced home loan interest rates, the modified RERA act and increasing purchase capacity of the buyers, the realty market is reviving from the setback of the demonetisation period. However, all these amazing factors cannot be of great help if the buyer is unable to take the right decision. For example, if you cannot decide upon whether to buy a new or a second-hand apartment in India, some lucrative opportunities might be lost in the process.

Real estate experts opine that buyers do not often perform a proper research on the market and hence are susceptible to take a wrong decision. Along with this casual approach, they fall prey to the pressure tactics put by the real estate brokers and even buy second-hand properties when brand new 2 and 3 BHK flats for sale are available at great prices and located in prime areas of the metro cities like Kolkata or Mumbai.

Evaluating the Value Chain:-

Gradually, a new trend is coming in the forefront that of investing in the real estate to sell properties for higher prices. Over the last decade, the prices of real estate properties have never ever gone down. Hence, investors are putting their properties on the selling list. The industry experts observe that even when the second-hand flats are in fine conditions, they do not fall under the same value chain.

We cannot deny that every second-hand accommodation bears the influence of its previous owner. They leave a certainly indelible imprint on their personality that could never match with the buyers’. Except for the minor modifications, serious structural changes are hard to attain.



The Price Factor:-

The readers may wonder to know that they might have to shell out a bigger amount to buy a second-hand property than the base price of the ready-to-move-in abodes. The buyers have to pay the amount in tandem with each stage of completion. However, the purchase price of the second-hand properties is higher as the original acquisition cost was also higher. Here, you might be paying for the obsolete building technique methods which were often costlier than the current methods. If one is purchasing a property with the objective of selling it in future, he/she should buy a new apartment because the shelf life of a brand new property is more than that of its second-hand peer. The longevity of the new fixtures and fittings are more than the old ones.

Advanced Technology:-

Reputed real estate developers in Kolkata or for that matter any of the metro cities in India are continuously improvising their techniques. They are developing housing projects which are environmentally compliant, more energy efficient, space optimised and user-friendly. They know that if they do not upgrade their techniques, gather the latest knowledge from the world of architecture or use advanced tools, they cannot stand a chance to successfully thwart the competition offered by other builders.

Industry experts are in favour of investing in new residential properties. The sets of evidence also support this point of view. You should consider all the factors before settling for the final decision.

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Want to make your Real Estate Investment a Success? Follow Tips

Few people know about the immense potential of real estate world in India. Just because of some pre-conceived ideas, rumours, and views of equally ignorant people who had suffered a loss in the property market, we come to the conclusion that real estate investments are not our cup of tea. This is an incorrect idea. Do you think that other financial sectors are free from risk? In fact, the equity market investments come with the statutory warning ‘Investments are subject to market risk.’ Thus, risks are there in every sector. If you know how to sail the rough seas, you know how to unearth the treasures.

Tips to help you make successful investments in real estate:-

The primary tip for making successful investments in real estate is to prepare an error-free plan and go to updating it with further improvisations. It means, there is no way you can ignore the continuous study of the market.

Tip 1: First and foremost, location matters. More so, when your primary concern is to make a profit out of your investments. The best way to ensure it is to select a site in a metropolitan city like New Delhi, Kolkata, Mumbai and Chennai. Even the Tier-1 cities like Bangaluru, Hyderabad and Pune are also climbing the popularity ladder and real estate builders are constructing prestigious projects here.



Tip 2: Ascertain your needs. Whether you are going to buy properties to be rented out or sell it after few years when the prices would go up further, is a deciding factor. Those who buy apartments for sale available in the new residential projects in Kolkata, New Delhi or Mumbai must consider the factors like whether the abodes have been built with perfection, the sites are located in the heart of the cities, several amenities are included or not etc. Such apartments should be ideally purchased for the investment purpose. However, if you are considering to buy an apartment to rent it later, better you purchase a moderate property. Then, of course, it also depends if you are planning to live there in future.

A good deal of rent amount could be earned if you buy a property in a place which is located near the business hubs. You can let your apartment for rent to the young professionals and earn a handsome amount of money. Hence, if you know the purpose of investment, you can take the perfect decision.

Tip 3: There is no alternative to a good deal of research work. Before investing in real estate, make sure that the property value in the locality is spiralling over a span of last 5 years. Another thing is to make sure whether a landed property or an apartment is the better option. Given the modern trend in the Indian real estate, people prefer to buy or rent apartments in housing societies thereby ensuring the availability of amenities. Thus, it is better you invest in them.

Tip 4: The first time investors should start on a small scale. That is, they should focus more on affordable properties. As per the Indian government’s efforts to promote affordable housing, the top real estate builders in Kolkata and rest of the other metro and Tier-I cities are keeping the base prices of 2 BHK and 3 BHK flats within the reach of most of the buyers. So, this is the best time to reap the benefits.

After going through the tips, you have a general idea where, to begin with your real estate investments. Add more points from your research works and make the best decision. We bet your earlier ideas about real estate would definitely change.


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Whether to Rent or Buy a Flat in Kolkata? Know before you Decide

The world of real estate has an immense potential to offer you the best benefits. However, you must know the rules of the game.

Whether to buy an apartment or rent it in Kolkata?

If you are at present looking for a real estate property to be sold in Kolkata, we are sure that this question might have crossed your mind. A first-time buyer is more likely to be intrigued by this. Overall, this is a universal query.

Do you get a satisfactory answer?

Most probably ‘no’. You will find many who would affirm their conviction that a property for rent is a fine proposition while others would favour the purchase of a property. Let us not make things more confusing and analyse the options based on relevant logics.

The benefits of renting:-


  • We would suggest that renting is the best option for the professionals or those running a business who must change locations frequently. Those leading a nomadic life should stick with this option.

  • A rented residential property demands a lesser degree of responsibility. Suppose there is a maintenance issue with the property. A tenant is not responsible to fix them as the entire maintenance duty stays with the landlord.

  • Apart from paying the rent or the damages caused to the property due to mishandling, the tenant is free from paying extra money.

  • As and when required, the tenant might move to another rented property if he/she is not satisfied with the existing property (or if there is some other issue).

The drawbacks of renting:-


  • Individual experience differs and the drawbacks of renting are heavily dependent on the comfort level that you are with your landlord. This dependence takes you to a vulnerable state. Your good and bad are dependent on the whims of your landlords. The situation may take a bad turn if there are the limited number of options in the form of rented properties in a particular region. You might not shift to a new place so easily even if you are suffering badly in the hands of your landlord.

  • Fluctuating rent amount is a major problem to affix the monthly budget.

  • Tenants and flat owners usually do not gel in together as there is always a sub-conscious psychology playing behind the mind that the tenants are not the permanent residents of the housing apartment.  

The benefits of owning an apartment in Kolkata:-

  • If you are not having a transferable job, owning your own flat is the best option in Kolkata.

  • It is true that as a tenant, one is paying a minimum amount. You must have focused on the fact that as an owner, you are paying the home loan instalments as well as the maintenance expenses of your flats in Kolkata. But, you are actually owning the property. You are not paying for a real estate investment appropriated by some third person (in this case, the landlord).

  • With growing age, an individual should become more responsible towards his/her duties. Owning an apartment makes you more responsible towards the maintenance issues of your property.

  • You feel more attached to the neighbours as you are going to stay long (probably throughout your life) here. You create a deep bonding with them.

  • You may buy apartments as end users or as investors and enlist it as a rented property. If you are getting a good rent amount, you may pay the home loan instalment and even save something.

  • Apartments are considered to be more secure than landed properties. These are also known as gated communities. Apart from the builders who install security systems around the walled housing enclaves, the owners can doubly ensure their security by installing their personal security devices.  

The new generation favours buying a property. Compared to the last decade, the number of young home buyers is more now. We can say that the trend is shifting towards buying a 2 BHK or a 3 BHK flat for sale in Kolkata. Still then, we suggest, you take the decision after making a detailed research on the subject. 

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Top 5 Griha Pravesh Tips for your Newly bought Flats in Kolkata

When it comes to a new house in India, the owners are very particular about the ‘Griha Pravesh’ ceremony. It is believed that this ceremony helps reduce the impact of evil spirits and raise the level of surrounding energy. Thus, this ceremony is performed on an auspicious day. The date is calculated by the Hindu priests or astrologers on the basis of ‘Panchanga’. The festive season is the best time for buyers to invest in real estate properties and also to perform the ‘Griha Pravesh’ ceremony. Given the present season of festivals, buyers are investing in properties at prime locations in the metro cities like Kolkata and making arrangements for the ‘Griha Pravesh’ ceremony.

Let us note down a few tips on performing the ‘Griha Pravesh’ ceremony and making it a grand success.

1. Select the perfect date: An auspicious date is absolutely mandatory for performing the ‘Griha Pravesh’ ceremony. One cannot just do it on any day. It is believed that Vasant Panchami, Gudi Padwa, Akshay Tritiya and Dussehra are some of the most auspicious days for the performance of this ceremony. Astrologers and Vastu Shastra experts opine that the homeowners should avoid fixing a date on these particular days like Holi, Shraddha Paksha, Uttarayana or Adhikmas. In the coming month of November also, there are some couple of days ideal for performing this ceremony.

Top 5 Griha Pravesh Tips for your Newly bought Flats in Kolkata

2. Do not go for ‘Griha Pravesh’ for an apartment under-construction: One must not perform a ‘Griha Pravesh’ in an under-construction apartment. According to ‘Vastu Shastra’ experts, the walls must be fully painted with the ready ceiling and well-fitted doors, windows and other home fixtures. That is to say, only when your apartments are completely done up, you should perform this ceremony. Please keep in mind some believe that homeowners need to spend 3 consecutive nights in the new flats after the performance of the religious ceremony. Without it being completely done up, it is impossible to move in and spend your time there even if it is for a temporary period.
   
3. The worship of ‘Vastu Purush’: Primarily the ‘Vastu Purush’ is worshipped during ‘Griha Pravesh’. The importance of entrance to the apartment is very important and hence it should be decorated with auspicious symbols like the ‘Swatika’ and ‘Laxmi Feet’. These symbols should be drawn to the threshold. One should hang garlands made of mango leaves and marigold flowers and hang it at over the front door. The temple or the room of worship should be built at the north-east corner of the apartment and one should place the deities on the day of ‘Griha Pravesh’ itself.

4. Make it elaborate or simple-choose the option correctly: Whether or not to make the celebration a grand event depends on the wishes of the homeowners. Nothing is mandatory at this point. However, one must offer food to the deities, priest and the invitees.


5. Perform a "havan": For the purification of the surrounding environment and to reduce the influence of evil spirits, ‘havan’ must be performed. Generally one conducts ‘Ganesha Puja’, ‘Navagraha Shanti’ and ‘Vastu Puja’ during the ‘Griha Pravesh’ ceremony. 
 

This whole festive season had been an ideal time for buying a real estate property in Kolkata. Hopefully, the tips will help you bring the best of your luck.

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Top Technological Trends in the Real Estate Industry of Kolkata

One of the most significant factors behind the rapid development of the real estate properties is how fast you adopt the latest technical trends and utilise them for the enrichment of the industry. As Indian metropolitan cities like Kolkata is experiencing an explosive growth, it is becoming necessary to adopt the latest techniques quickly as is possible. Here, we shall discuss the top technological trends ruling the market at present and briefly analyse its impact on the industry.

The Top Tech Trends in the Kolkata Real Estate Industry

We can say that with the incorporation of latest technical trends, the new age of the residential construction industry has begun.

1. Faster execution Techniques: There is no doubt that the importance of on-time delivery of apartments is high on the priority list of both the builders and the buyers. That is why faster execution techniques are being implemented by the real estate builders in Kolkata.


2. Building Information Modeling or BIM: 
Over the years, Building Information Modeling has become a necessity. BIM is nothing but one or a set of multiple virtual models of the building which are near-to-perfect images of the original version of the building. These images are constructed digitally. Throughout various stages, these images support the design phases and compared to manual processes, BIM images offer a better analysis and allow a greater control.

3. Virtual Reality: How about offering a real-life experience of individual rooms of the apartments? Virtual Reality has made it possible and now it is possible to showcase the concept of a building long before the actual work of construction will begin. The buyers will get a better insight of the space issues and enhancement of functionalities once they will take a look at the 3D VR images. Some popular gadgets offering a VR tour of the building are Google Cardboard and Samsung Gear VR. One can start the journey with the help of only a Smartphone.

4. The Big Data Revolution: This Big Data technique is going to play a very important role in the planning and design phases of the construction industry. The builders and architects of apartments in Kolkata could take its help for saving money and time. With its help, the building designs could be tested long before the process of actual construction had started.

5. Energy Modeling: Now this method was prevalent in the industry for several years, however, all because of its high cost and a huge time consumption, it was not very popular. Thanks to the advent of software tools like Autodesk Formit and Sefaira, energy analysis is now an easy job performed on the conceptual designs.

Technology is here to help us perform better in the world of real estate industry. It solely depends on us how rapidly we adopt them and utilise them for our benefit. Kolkata real estate industry would surely get lots of benefits from these tech trends. We are keeping our fingers crossed.

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