5 Reasons why people are buying affordable homes
Kolkata though culturally rich is not really as per with other metro cities when it comes to economy. The real estate world here is solely depended on middle income group. So, affordable housing schemes and projects are always in demand.
When people buy flats in Kolkata they take loans and it is obvious. The PMAY helps in it. The bank approval is obtained in a short time. So, dealing with property transaction in this case is lot less hassle-free than HIG projects.
Saving not grieving!
Buying a home is not the end of settlement. There are many expenses that will follow the buyer after you buy apartments in Kolkata like the mutation and registration charges, furnishing cost, maintenance and many more. So, investing our entire life’s savings over the property is not a wise idea. To maintain our lifestyle in a smooth manner, we need to save money for the future. It is ideal to buy an affordable flat or home and have enough savings to maintain it.
Good locations and communication
Kolkata is a well-connected city. Places that used to be considered as outskirts are slowly becoming posh places to live. These places have all modern requirements at low price. Most affordable housing projects flourish in these locations.
Returns that can actually turn
It is not always necessary that to get a good return in future you need to invest in a very expensive project. As stated above, the map of Kolkata is getting extended. The new place is new until today. In few years, heavy returns can be expected from low value projects at present. Especially, the extension of east-west metro and many other fly over and roads are going to change many locations in Kolkata that are still not taken seriously. It is wise to invest in projects with low price and maximum benefits.
No complexity, only availability
There are many affordable residential complexes in Kolkata that is not heavy on your pocket at the same time relaxing for your stress. This project forms the bulk of all residential projects and has many options.