Jan 19, 2018

Is Positive Sentiment the Driving Force Behind the Increasing Demands of Premium Flats in Kolkata?

We all have an image of our dream home all set in our imagination. A lavish home to call our own, with every facility and amenity to make living even more luxurious, we dream of such a place and more. Now it is possible to own premium flats in Kolkata, the city of joy!

An increase in luxury residential projects

Luxury residential projects are in high demand and the brief slowdown that hit the real estate market towards the end of 2016 is long gone. The market is seeing an upward trend and experts believe the trend to continue in the New Year as well. The increase in demand for luxury residential projects has directly improved the market and, thus, the number of luxury residential projects in the city. Almost every major real estate developer has contributed to the pool of luxury residential projects in Kolkata.

New locations within the city

If you take a closer look at the new luxury residential complexes coming up in the city, you will notice a trend that the real estate developers are shifting their focus towards the areas within the city that were ignored till date. Quite understandably so, since there isn’t much space left in the major locations within the city. The luxury residential complexes need large areas of land that are not readily available in the heart of the city. However, improving infrastructure and connectivity of the outskirts with the city center has led to the increasing demand for the luxury projects coming up in areas such as Rajarhat, EM Bypass, Joka and other such areas in Kolkata. Moreover, these regions are going to be well connected via the Metro network in the near future. The development of these areas of Kolkata has resulted in the city developing and spreading over a larger area. This is indeed a positive sign, given the increasing number of population migrating to the capital for various purposes.

A positive sentiment driving the luxury projects

Even if the above-mentioned factors had remained constant, without a sustainable demand it would have been impossible for the real estate developers to keep developing luxury residential complexes. Thankfully, the demand is pretty high and as per the experts, it is going to be strong in the upcoming years. Today, even a 1 BHK flat in Rajarhat equipped with all the modern amenities has high demand in the market. One of the major reasons behind the increasing demands is the improving lifestyle and changing preferences within the city. With surplus incomes going up with today generation, the lifestyle is bound to change. Factors like having a posh and stylized locality, easy access to the best educational institutions and medical facilities within the city, a need to have gymnasium, entertainment centers, shopping centers, and more, within the housing complex, have led to the development of these luxury residential apartments. An ever growing need and demand for a better lifestyle are some of the important driving forces when it comes to the development and sale of the luxury apartments. And, as the trend looks, this driving force is going to stay strong for a long time.

The Takeaway Point

It can be deduced from the above-mentioned facts that the growing need of luxury residence has certainly been a driving force behind the development of premium projects in the city. According to the experts, the number of premium projects is soon going to change the city’s skyline in the coming years.

Description: One Rajarhat is the upcoming luxury residential project of Anik Industries. Replete with all sorts of premium luxury elements, One Rajarhat is soon going to be the abode of the urban folks who won't settle for anything less than pure elegance.

No comments:

  © Blogger template 'A Click Apart' by Ourblogtemplates.com 2008

Back to TOP