New Projects In Kolkata

Things to Remember when Investing in New Projects in Kolkata 

Potential Return

Some real estate transactions are a part of an investment portfolio. With the best new projects in Kolkata by Godrej Properties, an investment opportunity with a lucrative return option awaits you. Despite an increase in circle rates, the city offers impressive real estate portfolios. With modern designs and state-of-the-art facilities, the best new projects in Kolkata hold the potential to reap a high return on investment.

City Expansion

With the expansion of families and the influx of migrant professionals, Kolkata witnessed high demand for residential accommodations. Thus, the city horizon is expanding across length and breadth. With new residential localities being plotted, popular developers introduce new projects in Kolkata for sale. Their distinctive layouts and floor plans offer fairly-priced 2 BHK and 3 BHK projects in Kolkata.

Upcoming New Projects

There are inventories from distinguished developers under this segment.  With gated communities, high-rise apartments, and homes with study/servant rooms, there is an array of options to explore. End the search for a privacy-enable and tranquil living address in the city of joy. The gated communities ensure residents' safety and wellness and meet the expectations of an urban lifestyle.

Budget-friendly Prices

What doesn’t remain constant is the cost of immovable assets. However, the rise in circle rate and other value addition costs, do not burn a hole in the pocket of investors. Many ongoing developments render fairly priced immovable assets in the city.

Fast Development

The infrastructure development including multi-modal connectivity simplifies the living experience. As a result, it erases the stress of vehicular congestion and other delayed arrivals. Thus, finding a suitable option for the best new projects in Kolkata is a rational decision.

Documents and Stamp Duty for New Projects in Kolkata 

To ensure a haven for investment, the West Bengal State Government introduced its own RERA platform in sync with the RERA established by the Union Ministry for Housing and Urban Affairs. The state-formed RERA is known as the Housing Industry Regulatory Authority (HIRA).

Documents to keep handy when looking to buy assets in top new projects in Kolkata.  

• ID Proof (Aadhaar Card, PAN Card, Driving License)
• Receipt or Demand Draft (DD) as a payment proof for Stamp Duty, Registration Fee, and Transfer Fee. 
• Section 32A form of Claimants/witnesses/executants
• ID Cards and Photos of two witnesses
• A photo with the property’s front view
• GPA/SPA Documents

They help in quick sanctions and disbursal of monetary funds. It also proves helpful for avoiding paperwork constraints. By keeping these documents ready, you sail through an easy home buying process in the city. The quick availability of these documents reduces time investment largely and eases the process of acquiring possession of housing.

Investment in luxury apartments in Kolkata brings along the eligibility for tax rebates. Purchase an immovable asset in the city of joy and avail of tax deduction under Section 80C of the Income Tax Act.

Furthermore, new projects in Kolkata for sale lead to tax rebates on the interest.

In context with registration of real estate transactions, render 3% - 4% stamp duty in rural areas. While it ascends to 4% -5% in urban localities of West Bengal.

For new projects in Kolkata, the 1% registration fee remains unchanged irrespective of urban and rural localities.

Distinguishing Features of New Projects in Kolkata

Floor Plans

With the extension of families, a home with larger floor plans becomes a necessity. Understanding the requirement for privacy, developers like Godrej Properties introduce new projects in Kolkata, New Alipore.

The exclusive inventory of 3 BHK and 4 BHK apartments lures investors. Similarly, the water bodies here soak residents in serenity and the green landscape lets them elope in fresh air. Explore the finest residential address in the most coveted locale of Kolkata now.

Finest Convenience

Along with an urban lifestyle, the availability of the finest convenience amplifies blissfulness. The well-equipped gymnasium and wellness deck render the perfect vibe to enjoy a good lifestyle. 

An evening walk on the reflexology path or a quick lap in the swimming pool releases the stress. Apart from these, the recreational sphere with spa and other spheres let you attain calmness in life.

Residents Security

The safety of our families is always a priority and the advanced security mechanism multiplies it. The best new projects in Kolkata render multi-layer security options to ensure a carefree living option for residents. The CCTVs and authorized entry inside the residential premises eliminate the chance of trespassing.

There are multiple new projects in Kolkata to explore and the RERA-registration number validates their existence. Thus, investors can bet on the choicest inventory and validate the registration number by visiting the concerned authority.