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.

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 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. 

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.

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.

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.

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.

Green or energy saving apartments are gaining popularity among prospective buyers. This is a growing trend in India, and Kolkata is also not an exception. New age builders are implementing some result oriented methods while building eco-friendly housing projects in Rajarhat- New Town area. In fact, the Smart cities have been planned following green building norms. Let us briefly discuss the features of green apartments in New Town area:

• Apartment design: The designs of eco-friendly apartments encourage the use of natural resources of energy like wind, rain water and solar power. Geographical location of Kolkata is such that south-east facing apartments are most suitable for the entry of sunlight and natural wind. However, it is absurd to think that all buyers can purchase south-east facing apartments. Thus, real estate builders are introducing innovative ideas for apartment design like installing skylights and multiple windows along with verandah and terrace gardens. These methods keep the internal atmosphere naturally cool.

The city of Kolkata is renowned for its rich culture. The name itself is synonymous with the fields of art, theatre, music, painting, dance and good movies. It is a common idea that cultured people reside in this city. Given all these reasons, women prefer to stay in Kolkata. Young female professionals are investing in the apartments built in Kolkata. They are buying apartments built near the IT zone of Kolkata. 

Safety: The young women are selecting Kolkata as their residence as they feel safer here than cities like New Delhi or Bengaluru. What encourages young women to buy apartments in Kolkata is a safe neighbourhood. They prefer to buy an apartment where upscale, educated people stay so that being alone (if they are) would not be an issue! A good neighbourhood also ensures that people will be more accessible for help (when needed)!

Affordability: Compared to other cities, the price of real estate properties are lower and hence, the apartments are more affordable. Top-notch 2 BHK flats for sale in Kolkata are available for Rs 15 Lakhs as well! The square feet area of a 2 BHK apartment is quite enough for a single woman to stay cosily. Compared to this, the average price of a 2 BHK apartment in Noida and Pune starts from Rs 23 Lakhs onwards. 

Affordable apartments are being built by reputed real estate builders in Kolkata giving a push to the agenda of the national government. The state government of West Bengal is also keen in developing affordable apartments. The state government is encouraging public-private partnership for the construction of affordable housings.  

  

Proximity to IT Zone: In the past 5 years some satellite townships have been developed near Kolkata. Take for example the Rajarhat and New Town satellite townships which are already showing signs of the immense potential of growth in the likeness of Noida, Gurugram and Ghaziabad surrounding the national capital region of Delhi. Rajarhat and New Town have made their names in the list of Smart Cities in India. Young women, especially the IT professionals are keen to buy flats in Rajarhat or New Town because of its proximity to the SEZ areas of Eco Space and Unitech. Apart from that, Rajarhat and New Town are located very near to the IT Zone of Salt Lake Sector-5 area. It takes hardly half an hour to reach the office.  

Good Amenities: The buyers of real estate properties have no inhibition in paying extra money for the amenities. With many young women professionals earning good salaries, they are buying apartments having a number of amenities. Certainly, the demand for such apartments with amenities are increasing. Seeing the craze, the real estate developers are adding them with their housing projects. For example, the amenities that are popular with the buyers are landscaped gardens, swimming pool, gym and club house. Apart from these secondary amenities, the builders are including primary amenities like 24*7 power supply, security installations, fire security, provisions of car parking and community hall to take care of the comfort of apartment owners.    

Public Infrastructure: The quality of public infrastructure has been improving in Kolkata. The conditions of roadways and highways are improving. After the commencement of E-W Metro Rail, Howrah (one of the primary business districts of Kolkata) will be connected with the Salt Lake and Rajarhat-New Town areas of Kolkata. It will help facilitate the movement across the city and reduce the time significantly. The city is well-connected with roads, flyovers and bypass roads. 

The aforementioned reasons influence the decision of young women to buy apartments in Kolkata. If someone is waiting for the opportune time to invest in the real estate properties of Kolkata, it is now!