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Why Rajarhat is an Ideal Location For Living in Kolkata?

Have you moved to Kolkata recently and don’t know where to settle down? Still looking for the perfect place to reside in the City of Joy? If such is the case then Rajarhat will be the perfect place to reside at. Rajarhat, the upcoming neighborhood of Kolkata has witnessed immense growth and development at a faster and faster rate over the years. It is a township is a hub of all the sections, be it residential, commercial office or retail. Thus, this town can be the perfect location for you to be in.

Here are some reasons why it can be considered as the ideal location for living.

The primary plus point is the location. Easily accessible from Kolkata CBD via the VIP Road or the Rajarhat Road as well as being only 20 minutes drive from Netaji Subhash Chandra Bose International Airport.

Next comes the vast range of apartments that are on offer in Rajarhat. Along with the existing projects there is a plethora of upcoming new projects aimed at catering all price and size points of the buyers. These apartments offer all modern facilities and amenities.

The other important aspect which some buyers do not have under consideration while choosing a project is the availability of the banking and health care facilities. Rajarhat takes care of that too, almost all the esteemed banks including private and nationalised operates in Rajarhat. A number of hospitals provide multispecialty medical facilities. The renowned hospitals in and around Kolkata are also connected by a good network of transport.

Schooling is another factor that most of the buyers will be looking for while planning to buy their home at Rajarhat. Well, one need not worry about that as well. Rajarhat has got a number of reputed international schools to provide education to your child.

Last but not the least; the buyers would obviously look for the facilities that are available for their entertainment as well. Rajarhat has got a number of shopping malls, recreational parks, 5-star hotels, family parks, spas and multiplexes to unwind and break the monotony of daily life.

If you are looking for a property at Rajarhat, then One Rajarhat will definitely serve you well. This luxurious apartment offers  2, 3 and 4 BHK flats with numerous amenities. Right from a well equipped gymnasium to indoor game facilities, you name it and you have it all. Though the project is still under construction, but once completed, this apartment would assure to take your breath away. So, hurry up and make your dreams come true with One Rajarhat.

What are you waiting for? Go ahead and book your own nest at Rajarhat.

Amenities of Small Apartments to Attract Buyers

In the times of rapid growth and development where a great number of apartments are springing up each day, it is of utmost importance to look after the amenities that are provided in order to attract the buyers and also to gain an edge over the other sellers. Adapting with the changes that are occurring each day, it is to be kept in mind that the facilities that were once considered to be sophisticated and a matter of luxury, have turned out to be necessity.

 

Usually we discuss about amenities when we talk in terms of larger apartments or the 3 BHK flats. But we should not stereotype the very concept. Rather, we must also think about amenities when it comes to smaller apartments like the 1 BHK flats.

 

The most important thing is the storage facility. No matter how small an apartment is, the buyers should be provided with enough storage facilities. Walk-in-cabinets which was once supposed to be a matter of luxury, has turned out to be the most important thing in an apartment. These cabinets can be installed in the living room or the hallway that are oversized. This will give a lot of storage option to the one who will be buying the apartment.

 

The 2 BHK flats or the 3 BHK flats in Rajarhat are providing the buyers with excellent facilities. The smart lock installations are a treat to the customers who are tech savvy. These not only maintain your own privacy but will also make your apartment a far better one than the others.

 

We are often worried about where to park our cars! An apartment without proper parking facility is of no use these days, especially when we can’t do without private transports! A buyer will be attracted to a plot only if it can provide a parking area which is spacious enough to give room to their cars. Most of the apartments in Rajarhat have got these facilities. Be it a 2 BHK or a 3 BHK flat Rajarhat offers all its buyers with a parking facility!

 

While making it more attractive to the customers with the amenities offered, the apartments of Rajarhat are designed in tune to the requirements of 2 BHK flats and the 3 BHK flats. So, whenever you choose to buy an apartment in Rajarhat, always choose a project having all the facilities you wish for. One Rajarhat will shape your life for good and would provide the best possible facilities at the very best location of New Town Rajarhat!

What are the benefits of buying a 2BHK flat?

Buying a new house has always been a major decision and trends seem to sway one way or other from time to time. As per the market analysis by Housing.com, the Indian real estate market still sees a majority of buyers from the middle income and high middle income segment of the society and their preferred choice is the 2BHK apartment with about 40% buyers opting for this particular type of apartment. With various projects coming up across the major cities like Kolkata, the obvious question is, what are the driving forces behind this choice? Here is a list of some of the major benefits of getting a 2BHK apartment.

  • Family Planning – Indian society is a closely knitted and family oriented society. Even with the increase in nuclear family, it is not merely the couples occupying an apartment all the time. Moreover, any person willing to get married will be looking forward to buying a house at first. This is generally a decision taken at the early stage of the career where the budget is a moderate one. But the budget factor should be considered in context to future plans. While considering the marriage, getting a 1BHK apartment might sound good enough for just two people, but will certainly feel cramped when family grows. Thus, 2BHK apartment becomes the obvious minimum choice.
  • Cost Analysis – India is a highly cost sensitive market. Almost any buying decision is taken after checking out the price and price is generally the most important determining factor. While 1BHK apartments are comparatively cheap, they will not be practical choice for a person considering a growing family or not looking to change the apartment any soon. 3BHK apartments and above are quite expensive. In fact, the price is well exceeding the mark of 1 crore in most cases. On the contrary, 2BHK is not just a practical option, but an affordable one as well. In major cities such as Kolkata, getting a 2BHK apartment in a good locality with excellent communication advantage and other general facilities. Thus, most of the time 2BHK flats become the preferred choice.
  • Better Maintenance at Low Investment – Compared to the 3BHK apartments, maintenance of a 2BHK apartment will cost much lower. However, when compared to the 1BHK apartment, the cost increase is not so significant. Thus, it is always a smarter choice to opt for a 2BHK apartment and ensure that the apartment maintenance charge remains lower than a 3 or 4 BHK.
  • Better utilisation – Investments are done keeping in mind the available resources. 3BHK apartment sounds like a large space, but with the modern nuclear families cropping up especially in the metro cities like Kolkata, opting for a 3BHK apartment might just turn out to be an excess of space. 2BHK apartments are cosy and offer optimum utilisation of the space.

For anyone who is considering buying a new apartment, it is the smartest option to invest in a 2BHK apartment, even if the person is single at the moment. It will offer you a better expand ability along with better resale value in the future if required.

10 Things You Need to Know Before Finalizing your first flat

Whenever we speak of the ‘dream home’, we consider a place that is exactly the way we imagine it to be. However, there is this one problem with imagination; we are not really building the house in most cases. We merely buy a flat. So, how do you ensure that the flat you are going to buy indeed turns out to be the ‘dream home’?

For a first time buyer of any real estate property, there are a few things that need to be checked at first. Before you go on and finalize the deal, here is a list of the top 10 things you must check.

  • Your requirements – Don’t be vague about what you need. You need to be specific about your needs and requirements before you are going to buy the flat. You might have a car and a proper parking space will become mandatory in such a circumstance. May be you wish to own the flat on the higher floors, in that case you will need to make sure that the flat has proper elevator facility. There can be many more requirements in terms of number of rooms and bathrooms, the area and more. Before you even start considering getting the flat, you must have the list ready.

 

  • Find proper location – If you go out searching for flats all through the city, you will literally be bewildered by the number of choices. Make sure you have a few locations in mind at least to start your hunt for the best property.

 

  • Get the property rates – Once you have the locations in mind, get the rates of the existing properties in the area. This will give you an estimate about the cost of the flat. For example there are plenty of flats in Rajarhat. Rajarhat itself is quite a large area in Kolkata. However, the flats in Action Area-I of Rajarhat are high in demand and desirability although they come at a higher price than other zones like Action Area-II & III.

 

  • Finalize your source of funding – There are many ways you can pay for the flat. Either you can go in for 100% self funding or avail a Home Loan. Generally in Home Loans, funding institutions provide a maximum of 80% loan of the property value. Make sure you get the best home loan deal, currently the starting rate of interest 8.35%. Also, you will have to check your CIBIL score to know if you are eligible for the loan you are hoping to secure. There is always the first down payment involved (generally minimum 20%) which you will have to make. Get yourself prepared to pay the initial down payment for the flat.

 

  • Verify the statutory approvals of the flat/project – This is really important with any real estate property. It is easy to get a thorough investigation done by an advocate and know if there is any existing dispute over the property. If you are opting for a Home Loan, the financing institution would have already done the necessary due diligence.

 

  • Verify the reputation of the builder – After all it is your dream home. Make sure the builder has the reputation to deliver as promised.

 

  • Check with banks about financing options – This might not be needed for someone who is going to pay for the entire property upfront, but if you are seeking loan, talk to the bank and see what financing and repayment options are available.

 

  • Check the building plan – You will not understand much about this, but consult an architect to see if the building plan is safe.

 

  • Check the materials used as specified – A civil engineer will help you through this. Know if the materials used are of required/approved grade.

 

  • Check registration and other documentation details – See if the documentation is done properly at the time of accepting the flat and making payment. Also, have your registration done at that time of full payment/handover.

What are the benefits of having a flat near airport

While investing in a new property, almost every person checks out the locality of the property. Though every city has its share of high and low demand areas, there are a few regions that depict common trends among buyers when it comes to demand for residential properties, the area around the airport being one of them.

A section of real estate buyers really look up at getting properties near the airport. However, there is yet another group for whom locations near to the airport are not the first priority for a residential complex. So, there is the obvious question, which is a smarter decision? On closely analyzing, it can be said that buying a flat near airport definitely has its set of perks. Check them out and see if these are good enough reasons for you to invest in a residential property near the airport.

  • Ease of conveyance – Needless to say, that the area near the airport enjoys one of the best communication and conveyance facilities. It is easy to reach most parts of the city as well as a great location for those who are frequent fliers. Those who happen to travel a lot by air due will find that having a property near the airport will save them a whole lot of time, trouble and expenses in the long run and no more missed flights.
  • Better quality of living – Severalpremium projects are located in the locations near the airport. If you are checking out high class living along with a really great quality of life, the New Town Rajarhat is a great place to start your search for real estate property that will provide all the amenities and facilities you are searching for and is the most developed location being near to the airport
  • The higher scope of employment – Believe it or not, there has been an upward trend in setting up of various offices including IT/ITeS in the localities close to the airport like Rajarhat. Most organizations that deal with overseas clients and have offices in various cities prefer to set up office at a location that is easily accessible for anyone travelling to the city. The airport area fits this criterion perfectly. Even Kolkata, which did not see such a major trend in the past, is witnessing this change as more & more offices are being set up near airport or areas close by, such as Rajarhat.
  • Better investment options – Are you planning on setting up your own business and looking for an office space or planning to invest into a residential apartment for rental yields? The airport area will certainly give you great choices. Business options such as setting up café or restaurant are among the best ideas if you have the means to set it up and the airport is definitely the best place. Even renting apartments are much easier in New Town Rajarhat due to high demand from IT/ITeS sectors.
  • Higher ROI – Who does not want a higher return on investment? Whenever you are investing in a real estate property, you must be checking the resale value compared to the original price. While, in most cases, the resale value increases with inflation and thereby not providing you any effective profit, the flats near airport can actually give you a better return than other areas.

Standalone Buildings Or Gated Complex- Which One Should You Opt for

When it comes to buying a home, the first thing that often crosses our mind is that whether we should opt for a standalone building or a residential complex. While the majority nods for the latter, considering its benefits, there are still few buyers having  a strong affinity for standalone buildings. This is because a standalone building is apparently economical than the residential complex. In spite of this fact, there’s a major shift towards residential complex. Let’s take a look at the reasons behind this growing popularity of the complex apartments.

While the residential complexes have garnered quite a demand, the standalones witnessed steep demand depreciation in the current financial year. Apartments in the gated complex remained the most preferred category across different zones in Kolkata. Flats in Rajarhat New Town and other city fringes have acquired quite a high demand as most of the housing projects in these areas are gated complex.

The Primary Reasons for the Shifting Preference

However, the primary reasons of why homebuyers are opting complexes are discussed below:

  • While budget is often a deciding factor of a home buying decision, it’s also true that the residential complex like One Rajarhat is offering the buyers a world of amenities, which is otherwise unavailable in the standalone buildings. To increase the convenience quotient of your standalone apartment, you need to spend an extra amount, ghostwriter klausur which is often close to the price of a residential complex. From this perspective, a residential building certainly deserves a higher degree of preference.

 

  • The fittings and fixtures generally provided in a standalone building is inferior to that of a complex as number of flats is much higher in a complex resulting in bigger procurement orders and better deals.

 

  • The gated communities/complexes offer the inmates a great luxury of common space along with improved security measures, which is unavailable in the standalone buildings.

 

 

  • Residential complexes usually come with the collective facilities ensuring ease of life. Apart from having amenities like swimming pool, piped gas, clubhouse, gymnasium, ample car parking, multipurpose courts, indoor play areas, Yoga/Meditation rooms, rainwater harvesting, gardens, RO water system and intercom facility for each apartment, along with 3 Tier security that give you the assurance of safe and secured life.

 

The kind of amenities available in complexes majorly draws the attention of buyers. What’s more important is that the inhabitants do not need to deal with the everyday issues related to basic facilities such as water, electricity and sewerage.

Facilities around Rajarhat that Make it Favourable for Upcoming Residential Projects

Sadesh Romaji had invested in premium residential projects all over India. He had about 18 successful projects in Delhi, 6 in Bangalore, 12 in Mumbai , 4 in Pune, 3 in Kochi to name a few. His passion was building high-end luxury properties and he loved to cater to the niche market. “Why haven’t you invested in Kolkata?” asked, a reporter for a daily newspaper. “Kolkata has really developed. Have you heard of Rajarhat, the new information technology and residential hub in the north-eastern fringes of Kolkata?’’“I have but I am a bit skeptical about investing in the place,” Sadesh said.

“You will be surprised at the kind of interest people are showing in investing in high-end residential properties there”, said the reporter before leaving. The next week Sadesh set out with his business partner for Kolkata to do a survey on Rajarhat and find out if the place really served what it promised.

He met a big investor in Rajarhat who hailed from Kolkata and felt that the class people had in this city was unique. Rajarhat had a lot of facilities, he explained.

  • It is one of the most well planned townships in India where each cluster has been made self sufficient and people from all over the globe are settling down with ease in the new luxury apartments that have been set up.
  • Several top global companies already have or are planning to have offices here. Highly paid professionals are enjoying the advantages of this location and are looking for luxury residential projects to make their home.
  • A number of upmarket shopping plazas and malls are catering to the needs of the upper class and a lot more are in the pipeline.
  • Top specialized hospitals have already setup elaborate health-care facilities. More international brands are planning projects here.
  • The township has an excellent drainage system, so no worries of water logging in monsoons.
  • Residents receive treated water from the Hooghly River.
  • Solid waste management has also been meticulously taken care of.
  • The place is also called the ‘Smart Green City’. It has consciously worked on its ecosystem and also designed itself as an IT hub.
  • The road and transport facilities are well planned and are managed with utmost efficiency.
  • The place has also preserved the cultural aspects of Bengal through museums and entertainment parks.

The investor took Sadesh to tour Rajarhat. He specially mentioned One Rajarhat project, surrouned by several star hotels and commercial complexes having the upcoming metro station right across the road.  This luxury project met  the expectations of the upper-class residents. “There is a great location positioned close to the airport” suggested the investor and was happy to assist him in booking the land for his luxury flats near airport. Sadesh returned to Delhi feeling content. He knew hehad invested in a winning project!

Developments that have Made Rajarhat the Ultimate Location to Live in Kolkata

With the expansion of Kolkata, Rajarhat has risen to great heights not just in terms of high risers but also as a premium location in the city. Spread across 28 sq km, the place is a perfect example of a planned township. Rajarhat-New Town was built primarily to decongest Kolkata in the 1990s. On the eastern fringes of the city, the joint public-private partnership has helped the city to grow into an extraordinary location to live in.

Development 1: A Well-planned Location

The Rajarhat area is a well-planned one. To keep it this way, it has been divided into three Action Areas.

Action Area I:This area is dedicated to shopping malls like DLF Galleria, Spencer’s Axis Mall, BB- Rajarhat Home Town, other commercial plots along with few premium residential & hotel plots. The luxury shopping conclaves here flaunt top designers and select brands catering to the premium residents along with many existing and upcoming star hotels. One Rajarhat project comprising of Service & Residential apartments is the most premium project to come up in Action Area I.

Action Area II: This comprises the technological hub of Kolkata. It is home to the IT business parks like the DLF park, TCS, Gitanjali Park and Unitech. Also, it has entertainment areas like the Eco Park, the wax museum and City Centre 2. Few residential projects are also coming up in Action Area II

Action Area III: This area is dedicated to high rise buildings, mini sub-township like the Uniworld City, upscale gated complexes like the DLF Newtown Heights and super premium service apartments like that of One Rajarhat. Also, this area comprises top educational institutes like the St.Xavier’s College.Even the major IT firms IBM, Wipro, Cognizant are at approachable distance.

Development 2: An UrbanLiving Destination

Over the years, Rajarhat has become the most sought-after living destination in Kolkata. The ‘Smart Green City’ as it is commonly called, comes across as a well planned one. The residential properties that have embellished Rajarhat are all developed keeping the ‘live green’ ideology in mind. In view of this, while building a property, around 15% of the total area is most often left vacant to serve as open spaces and landscapes for the residents. Thus, giving them the opportunity to breathe fresh and live green!

This area receives treated water from the Hooghly River. The development in the drainage system has shown a marked improvement in the water logging problem in this area. Apart from these developments, some more are already in the pipeline. Some of these are: rainwater harvesting, converting waste to energy from the solid waste disposal ground, introducing GPS devised solid waste management, developing battery-run three-wheelers and battery -run buses, implementing a strict policing system, etc., to turn this area into a modern urban ecosystem.

Development 3: A Well-connected Location

Rajarhat, once a deserted area away from the main city is now well-connected with every nook and corner of Kolkata through highly maintained roads. The overall transport network over here links Rajarhat with the nearby locations very smoothly. An expressway has also been developed to act as bypass for major traffic on an elevated level. The 10.5 kilometres ‘Green Corridor’ connecting the Arterial Road to Sector V is the first road to have full WiFi connection. Most people travelingin government AC and non-AC buses, private buses, taxis, bike taxis and cars to this part of the city avail this facility.

The metro connectivity from New Garia to the Airport is presently under construction and will soon be launched to enhance the transportation facility. There are plans of extending the circular railway system as well. All these facilities make Rajarhat an eminently livable place.

The future of Rajarhat looks extremely bright! The well-maintained roads, connectivity, water supply, etc. are done to bring about a new wave of transformation in the City of Joy. With the fast paced developments and Government surveillance, that day is not far when every other home-buyer would want to purchase an apartment in this well-planned location. In fact, there are many who are already busy booking their flats in Rajarhat near Novotel hotel.

Roaring Rajarhat: The Second Financial Hub of Kolkata

Keyword: One Rajarhat

At the pace at which Rajarhat is attracting investments it goes without saying that it has emerged as one of the financial and legal services hub in the country’s. The location is said to have allocated 100 acres in the Commercial Business District Zone of New Town. Since 2012 when the first foundation stone was laid for empowering Rajarhat as a financial hub, the journey has been dynamic and strong.

Large Investments from Financial Legal and Educational Sectors

The fast growing centre has already attracted 22 financial institutions like State Bank of India, Bank of India, Allahabad Bank, Bank of Baroda, Corporation Bank, Canara Bank, Punjab National Bank, Syndicate Bank, The Institute of Chartered Accountants of India and West Bengal Financial Corporation to name a few. There are plans of drawing more strategic investors to the financial and legal services hub. A cluster of financial institutions will be involved in putting up the project. The Bench of the National Green Tribunal already functions at Rajarhat as their centre of Business and Arbitration. They aid people to conduct business without any legal hassles/conflicts.

State Bank of India ‎ is establishing a global training institute for banking and financial services at the Information Technology hub of Rajarhat. An investment of around Rs 600 crore has already been made. Bankers from emerging economies and from neighbouring countries will be invited for training purposes.

Top educational institutes like St. Xavier’s and Presidency Universities are coming up with their second campuses here.

Conventional Centre for Financial Upliftment

The Biswa Bangla Convention Centre is a 55m or 18 storeys tall structure that covers an area of 4.57 lakh square feet. The centre houses a mega conference hall, with seating capacity of 3000 along with a state-of-the-art conference facility. It also boasts of two seminar rooms, each with 376 seats, four banquet rooms and a 100 rooms hotel as annexe within the same campus. The convention centre also has a multi-level car parking facility. Bookings have already started for the convention centre.

Tourism Promoting Economy

Rajarhat has also acquired a tourism value. It is thronged by thousands of visitors over weekends and hundreds on weekdays to Eco-Park, Mother’s Wax Museum   Nazrul Tirtha. Once the convention centre is completed, tourists would love to stroll in the Bagjola canal which is a beautiful site in itself. The banks have been developed and a floating jetty will be constructed.

New Residential Projects adding to Economic Thrust

Rajarhat is witnessing growth in terms of high-end as well as affordable housing. New affordable housing projects are coming up in Action Area II   III which are in the range of Rs 30 to 70 lakh.

Action Area I is where most of the premium star hotels and residential projects are coming up ranging between Rs 65 lakhs and Rs 2.5 crores. Leading real estate developers like Unitech, Unimark, DLF   Anik Industries Limited are few of the prominent players with a major presence in the area. They are known for their upcoming projects in Rajarhat, out of which One Rajahat, by Anik Industries Limited which is surrounded by several star hotels in Action Area I, needs a special mention for the luxury along with convenience it promises to provide to homebuyers.

Rajarhat is garnering a lot of attention from NRI’s as well as owing to the availability of land in this upcoming financial hub. That day is not far when Rajarhat will be playing a strong role in sealing the country’s financial fate.

Summary: Rajarhat is set for nothing but growth with huge investments and strong financial plans.

Five Facilities That Are a Must in a Premium Apartment

Keyword: upcoming residential projects in Rajarhat.

The transfer orders were despatched and Ram and Berry would be soon moving to Kolkata. It was time to call Kolkata home. Shiv, a friend from Kolkata told them that the city was going through a dynamic growth and Rajarhat would be the ideal location to buy a property in. Both Ram and Berry were accustomed to living in the lap of luxury in their Delhi apartment and expected the same here in Rajarhat, Kolkata. They were very picky and wanted their premium apartment to have some premium facilities.

The next day Shiv sent links of luxurious upcoming residential projects in Rajarhat deemed best in the area and the two sat browsing through the amenities. They looked fantastic and at par with Delhi properties, however, some really stood out. But they knew just what they were looking for.

Multiple Recreational Activities

A Multi-Activity Gym was a prime attraction and one of the properties had a state-of-the-art Multi Gym. Trainer support on how to operate latest equipments was what caught their attention. A leisure swim in the pool after a fully packed work out, a jog or a smash at the Table Tennis table were enough to make Ram’s day.

Intercom Facility for the Entire Complex

While living in Delhi in the huge apartment complex, where there were close to two thousand flats, Berry had realised the importance of the intercom facility that covered the entire complex. There was always some event coming up and she needed to communicate with her huge social circle. She thanked the intercom facility for closing down her immense world to just a call away. This was one amenity that Berry could never compromise on.

Automatic High Speed Elevators

Rush hours knew no slugging and especially when Ram was in a hurry to reach office on time. He was a man for whom the world revolved with the clock and automatic high speed elevators was a must-have facility. Large spacious mirrored elevators which glided like a breeze chided happy beginnings to a day and a feeling of flying atop in the evenings. He loved to experience this almost beam up and down sensation and ensured that the property he’d buy at Kolkata didn’t miss this facility.

Yoga/Meditation Area

Both Ram and Berry loved spending time together and their latest fad for the past six months had been yoga and meditation. They couldn’t believe that the new property in Kolkata could read their minds. This is one facility they missed in their Delhi house and had to go elsewhere to pursue their fondness for meditation and yoga. In fact, they were also looking for trained instructors who would lead their yoga and meditation classes. How splendid! This was just perfect, they thought.

Library

Both of them loved reading. Their house in Delhi was loaded with books and a room was dedicated to mostly fiction and a bit of non-fiction. Leaving those books behind was heartbreaking. But there was no need to worry. The new property had a sprawling library enough to spoil the two book lovers. And why not in a place like Kolkata you couldn’t expect anything less!

The couple decided to go ahead with booking their new home at One Rajarhat. The property would be ready soon and they looked forward to a great stay there. [The property will be ready in Jun 2020. Reword the ending and starting of the blog.]One Rajarhat is a luxurious property that promises to provide world-class living experience to all. So, wait no more, just like Ram and Berry – Be the ONE to Stay at ONE!

Summary: Rajarhat is a place that is fully equipped with all the modern facilities. Some flats here are at par with international standards and offer superior quality of life.