The Kolkata known property prices have surged up 60 pc ever year, highest among all the top cities and much higher than the national average of 21 pc.
To track the prices of property, the Reserve Bank of India (RBI) has collected quarterly house price indices for major cities as well as an overall index based on data provided by different state governments on property dealings.
The RBI in the report declared that the City of Joy seen the highest growth and the lowest was witnessed by Mumbai between forth quarter of 2012 fiscal and third quarter of current fiscal.
Although the apex court of the developers said the RBI’s valuation is based on probable values, data available from the state Government reveals that the property prices have surged because of high value land sale pushed by the govt agencies since 2009.
The civic bodies and the West Bengal Housing Board are responsible for deals and the civic bodies together have sold a little above 5,000 acres of land for Rs 19,000 crore in last few years. If you want to buy 2 BHK apartment in Kolkata, than it is good time for investment.
Housing Infrastructure Development Corporation (HIDCO) auctioned a 2.25-acre plot in the IT township of Rajarhat for Rs 51.13 crore.
Rajarhat located in North 24 Parganas district, is one of the fast-growing planned satellite city in the state. The master plan envisions a township which is at least three times bigger than the neighboring planned Salt Lake City. The city is mainly composed of cultivate lands and water bodies which give a beautiful scenic view to the city.
If some one is looking to buy a 2bhk and 3bhk in Rajarhat, Magnolia Prestige is the right location for him. The developer is offering luxurious and affordable apartments with all modern facilities and amenities. The project is very near to DPS Megacity, National English School, Hospitals like Apex Hospital, Ambuja 500 Bed Hospital, Tata Medical Centre, Universities like JIS Medical College, Central Law etc. for more information visit - http://www.propertywala.com/kolkata
To track the prices of property, the Reserve Bank of India (RBI) has collected quarterly house price indices for major cities as well as an overall index based on data provided by different state governments on property dealings.
The RBI in the report declared that the City of Joy seen the highest growth and the lowest was witnessed by Mumbai between forth quarter of 2012 fiscal and third quarter of current fiscal.
Although the apex court of the developers said the RBI’s valuation is based on probable values, data available from the state Government reveals that the property prices have surged because of high value land sale pushed by the govt agencies since 2009.
The civic bodies and the West Bengal Housing Board are responsible for deals and the civic bodies together have sold a little above 5,000 acres of land for Rs 19,000 crore in last few years. If you want to buy 2 BHK apartment in Kolkata, than it is good time for investment.
Housing Infrastructure Development Corporation (HIDCO) auctioned a 2.25-acre plot in the IT township of Rajarhat for Rs 51.13 crore.
Rajarhat located in North 24 Parganas district, is one of the fast-growing planned satellite city in the state. The master plan envisions a township which is at least three times bigger than the neighboring planned Salt Lake City. The city is mainly composed of cultivate lands and water bodies which give a beautiful scenic view to the city.
If some one is looking to buy a 2bhk and 3bhk in Rajarhat, Magnolia Prestige is the right location for him. The developer is offering luxurious and affordable apartments with all modern facilities and amenities. The project is very near to DPS Megacity, National English School, Hospitals like Apex Hospital, Ambuja 500 Bed Hospital, Tata Medical Centre, Universities like JIS Medical College, Central Law etc. for more information visit - http://www.propertywala.com/kolkata
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