Kolkata is a growing metropolitan city with a very bright future ahead of it. With new residential areas coming up every year, we look at 1BHK as an investment option in the city. Here we discuss some of the prominent factors, which make 1BHK flats an ideal form of investment in the coastal city of Kolkata.
Kolkata is situated on the eastern coast of the Hooghly River and is the capital city of the state of West Bengal. The city has the oldest operating port in India established by the East India Company. Kolkata is often regarded as the cultural and educational hub of East India with a growing population of 4.5 million people in the city making it also the commercial hub. With this vast landscape of cultural and commercial property, Kolkata has become one of the most prominent cities to invest in. Here we discuss five reasons that make 1 BHK flats an excellent investment opportunity in the city of Kolkata:
1. Plenty of Options
Finding big houses is a bit of a task in the city of Kolkata. With congested localities and narrow streets coupled with increasing population, the city of Kolkata is shrinking by the year. Moreover, the city experiences a high number of single working professionals that move to the city in the dreams of making it big. Due to this, you will be able to find plenty of investment options in the form of 1BHK flats in the city, very easily.
2. Low Cost of Investment
Even if you decide to invest in the most prominent localities of Kolkata, you will still find the rates relatively cheaper when compared to other metropolitan cities of the country like Delhi and Mumbai. 1 BHK Flats in Kolkata start at from a nominal price of INR 9 lakhs and can go all the way up to 27 lakhs or more.
3. Promising Returns
Kolkata is a developing city with the oldest operating port in the country. With its rich heritage and cultural background, Kolkata has always been a hotspot for tourists as well. The city has been commercialising at a very rapid rate with new projects and ventures starting every week. This assures you of safe and promising returns on your investment on a 1BHK flat in the city.
4. Easy to Find Tenants
Kolkata has grown into the Eastern IT Hub of India, with numerous IT parks sprouting in the vicinity of it. Due to this growth in the IT sector, there are always plenty of IT professionals looking for single occupancy 1BHK flats to rent as their residence. This will help you find tenants for your investment very easily which will, in turn, help you get small returns while you wait for the right time to sell your apartment.
5. Good Localities and amenities
Kolkata has plenty of good localities that provide many amenities to enhance your stay in the city. The city sports metro and tram connectivity which helps you navigate your way around Kolkata easily at an affordable price. All these factors help enhance your investment and serve as a bonus when you decide to get returns on your investment in the future.
Kolkata is the epicentre of Eastern India with rich culture and historical heritage. The city has been growing at a rapid rate in the past few decades with experts predicting it to reach new heights by the end of 2020. This along with many other factors makes 1BHK flats an excellent investment choice in the city of Kolkata.