Realtech Nirman

Given the rising trend among young couples buying real estate properties in Kolkata, as most of them are first-time home buyers, there is a need to enhance knowledge on related matters. Some legal terms create confusion thus, making it essential to know their definition.

Possession Letter:-

The significance of possession letter is very high as it is required when you would apply for home loan in particularly when you are buying a resold apartment. Builders of flats issue this possession letter in favour of the owner. However, please keep it in mind that the legal rights of ownership and utilisation of amenities are only granted after the possession of Occupancy Certificate.

Conditional Possession:-

Now you would never have the need to accept a conditional possession letter if you have booked an apartment with a reputed real estate company in Kolkata. You would directly hold the Possession Letter and Occupational Certificate from them. However, one should have the knowledge so that if needs are, he/she could approach the builder and demand the letter of Conditional Possession.

Conditional Possession letter safeguards the rights of owners. Suppose if you are not satisfied with the construction, you could accept a Conditional Possession letter and write on the builder’s copy that you are not satisfied with certain matters and that the builder should solve the issues as soon as possible. This letter could serve as a weapon on whose basis you could approach the court (if the issues are not solved within an agreed time frame).

Occupancy Certificate:-

Another name for Occupancy Certificate is the Completion Certificate. It is the proof that certain housing projects in Kolkata have been developed following the approved plan. Eminent builders of Kolkata offer them at the time of moving into the apartments. As a buyer, you should be completely aware of this feature.

After the completion of the building on the lines of the approved plan, builders apply for the occupancy certificate from the local authorities of town planning. During this phase, the development of residential projects should have been completed. One must show the Occupancy Certificate during the application of utility connections.

Along with having ideas clear on legal certificates, one should know the definitions of some common terms as they might turn quite confusing.  

Carpet Area:-

The total area of an apartment excluding the area of inner walls comprises the carpet area of an apartment. It also includes the areas of balcony and terrace which is normally considered to be half of the actual area.

Built-Up Area:-

Built-up area is made up of the carpet area and balcony area still the inside walls along with taking into consideration the outer wall thickness.

Super Built-Up Area:-

Super built-up area includes everything into consideration like the built-up area along with stairs, lobby, corridors etc.

An eminent real estate company having long years of experience like ‘Realtech Nirman Pvt. Ltd.’ assists buyers to carry forward their dreams and realise them actually. Knowing the importance that your apartment holds in your life, we perform as consultants as and when you need it. For any related information, you could approach us within the business hours.

Kolkata real estate market is growing because of many positive factors. Let us analyse the factors in brief:

Growing Realty Market of Kolkata

Given the population pressure and lack of the vacant lands in the central parts of Kolkata, prestigious housing projects are coming up in the city suburbs. Multinational organisations are investing in upcoming residential projects. In all, Kolkata real estate industry is growing but the region that is attracting the biggest growth is the eastern part.

Expanding Eastern Regions of Kolkata

The eastern part of the city is rapidly growing thanks to the state government’s decision to develop a green city in the area. Newtown and Rajarhat are growing as a smart and a green city, simultaneously. Given the thrust, buyers are investing in apartments in Rajarhat. The experts of real estate property in Kolkata are in the opinion that in near future (within 3 to 5 years), investors can expect a 5 to 15% rise in the capital valuation of a residential property.

Positive Response from the Government

West Bengal government has created the model of cross-subsidy to encourage more builders to invest into the residential projects in Kolkata. Such an initiative has been undertaken by the government to encourage the development of affordable housing projects.

Advent of Luxury Housing Projects in Kolkata

Given the positive thrust, even the number of luxury housing projects are growing. In fact, now, the top real estate builders in Kolkata are developing such housing projects that have all the features of being luxury apartments without being harsh on pockets. Take for example, the ‘Realtech Nirman’ built ‘Curiocity’ housing project in Rajarhat where the buyers can purchase luxury apartments at affordable prices.

The Game Changer PPP Model

The West Bengal government is following the PPP or Public-Private Partnership model to develop new real estate properties not only in Kolkata but also in rest of the smaller cities of West Bengal.  

Green Certification for the Residential Projects

  

The government is awarding green certifications to the residential buildings that are using eco-friendly building materials and renewable energy resources like solar energy to fulfil the common electricity requirements of the building. The top real estate builders in Kolkata are playing important roles in order to help the government achieve this objective.

‘Realtech Nirman Pvt. Ltd.’ has ensured that landscaped gardens should remain an integral part of each of its housing project. Some housing enclaves also include swimming pools that help keep a cleaner environment. 

   

At present, more projects are upcoming and the graph of sale is rising continuously. If somebody wants to invest into the Kolkata real estate then this is the right time. Do a smart selection of the property, wait for the prices to rise and sell them at the opportune moment. 

As a home buyer, we all have a natural inclination to live in a modern apartment, installed with all sorts of amenities that make life  comfortable & pleasurable. But costs differ from one metropolis to the other. The real estate properties in the developed cities like Delhi, Mumbai, Bangalore etc. are too high to afford, while desirable properties in Kolkata are in affordable reach. This city never runs out of growth and opportunities. This is the reason why the real estate builders in Kolkata love to deploy this opportunity for bringing a wide range of affordable flats in Kolkata and its outskirts.

Now let’s take a look at the significant list of things that you need to consider, before investing your hard earned money to purchase new apartments in Kolkata.

Check the price tag along with its amenities :- 

The price range of real estate properties in Kolkata have not yet reached sky-high. Even if you belong to the middle-income group, you can still afford to have your dream home. Especially, when you hire the top-ranking real estate builders in Kolkata such as Realtech Nirman, who never compromise on the quality of materials nor on the modish amenities, you can have attractive & luxurious flats at highly economic rates.

Till date, Realtech Nirman has come up with a number of residential projects in Kolkata such as ‘Curiocity’, ‘Hijibiji’, ‘16 Aana’, ‘Basanta’, ‘Maple Heights’, ‘Gharoa’ etc. In these above-mentioned housing projects based in Rajarhat, Realtech will provide you with high-end amenities, that too within your budget! These amenities include green landscape, designer lawn seats, stone-paved garden walks, gymnasium & spa facilities, recreational pools, floodlights, screened Gazebos, badminton court, mini theater, indoor game parlor and several other attractive features.

Consider the location of the property :-

Location of an apartment is always one of the topmost criteria you need to consider. Naturally, you won’t prefer spending too much time in traveling on an everyday basis or at the time of emergency. So, do not forget to check if the property is nearer to your workplace, your kids’ school, marketplace or medical centers. Realtech Group has planned loads of housing projects in Rajarhat to give you a whole lot of options to select your preferable apartment.

Transportation is the key factor :-

When it comes to Kolkata, it never lacks in terms of good transportation. Availability of bus, train and metro help in maintaining the lifeline of the city, on which numerous people keep traveling every day. The housing projects by Realtech are located with close proximity to the bus terminus, proposed metro corridor and Netaji Subhas Chandra Bose international airport. The Metro Corridor is just about to get extended in the key areas of the city and considering the same, these flats have been designed in prime locations of Rajarhat, so that the buyers can enjoy a hassle-free transportation facility.

So, if you are still on the lookout for a perfect home, it’s time to get one!