Realtech Nirman

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.

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.

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!