Tag: Flats in Kolkata

Facts & Myths about Buying Flats in Newtown, Kolkata

Most of us cringe when we think of buying a home or an apartment in Newtown. Why? We immediately start thinking of this region as a deserted place (almost) with minimal presence of commercial facilities. Probably, you’ll have to go far and wide to comes across a simple grocery store, a restaurant or even a health care centre. And speaking of transport facilities, the region is royally lacking in this aspect. All in all, even though Newtown boasts a plethora of residential projects, the surrounding is underdeveloped enough to make one think twice or even more before buying a residential project here. This is exactly what we believe, right?

However, do you know we are surrounded by myths? Hence, it is time to bust the myth. Newtown has changed. It is nothing like what it used to be about a few years back. Want to know what are the actual facts that define Newtown, Kolkata? Let us do the same right here, in this write-up!

Buying Flats in Newtown- Myths Busted!

Luxury Residential Projects in Kolkata
Disclaimer: Images Are For Representative Purpose only.

Myth: Newtown Lacks Commercial Facilities

Fact Says: Well, the fact says to get your facts clear. Newtown is no longer the town in Kolkata with no commercial facilities. In fact, starting from IT hubs to entertainment zones to the popular healthcare centers, everything is now available in this region. You’ll also come across small grocery shops to meet your daily requirements as well as departmental stores, thereby giving you options to choose from.

Myth: Newtown Lacks Good Connectivity

Fact Says: Newtown is well connected by different modes of transportation. If you are seeking buses, especially the AC ones, you have it here. You’ll also come across cabs and auto-rickshaws to travel nearby metro links. What’s more? Do you know it is close to the airport as well? Hence, buying flats in Newtown is a bonus for frequent flyers as well.

Myth: Flats in Newtown are Expensive

Fact Says: Sure, the residential projects in Newtown looks luxurious and polished, thereby giving us the vibe that they are expensive. However, that’s not the case with all the projects. While almost every project consists of necessary facilities and luxurious amenities, they cover a price range that is suitable for the middle-class/upper-middle-class section as well as the elite class.

Myth: The Apartments are Small & Congested

Fact Says: Not anymore. The apartments of Newtown projects use to consists of small, congested apartments. However, at present, most of the projects will provide the residents with spacious, Vaastu compliant apartments, thereby bringing comfort and positive vibe under one roof. Also, the project will provide you with apartments like 1BHK, 2BHK, 2.5BHK, 3BHK, 4BHK and some will also provide you with 5BHK apartments as well.

Myth: The Clubhouse Amenities are Boring & Common

Fact Says: Buy flats in Newtown and treat yourself with an interesting set of clubhouse amenities, catering to all age groups. Experience the joy of clubhouse amenities like jogging & walking track, yoga/meditation hall, swimming pool and many more.

Hence, now will you buy flats in Newtown, Kolkata? Regions like Newtown and Rajarhat is becoming a hub of residential project. They consist of all the features that will provide one with a well-rounded lifestyle defined by comfort, convenience and a bit of style as well.

Pros and Cons of Living Near the Airport

One of the places that crosses our mind when we talk about the premium flats in Kolkata,  is definitely the area around the airport. Lately, there’s been quite a growth in the real estate sector.  A number of  high-end luxury  flats and  apartments  have come  up  in  this  region.  Moreover, with the rapidly growing pace of civic conveniences, real estate developers are taking interest in this area.  No doubt, the area near airport has become the home to a number of finest and most luxurious apartments of the city.

But, the question is whether it’s a wise investment? To find the answer, we have to dig both the pros and cons of living in this area.

Basically there are plenty of preconceived notions about living in the areas close to the airport, which is why the area remained ignored by most of the real estate owners. However, there scenario is changing pretty fast. Increase in knowledge and awareness among the end users has created a favourable environment for the city’s real estate developers who have started focusing on the areas close to the airport. But, let us not jump to any conclusion. A better way is to weigh the pros and cons and take the final decision.

Pros of Buying Flats Near Airport in Kolkata

  • Advantage for Frequent Fliers – This point hardly requires an elaboration. Staying near the airport cuts down the total journey time to and from the airport as well as on the cost associated with the journey. Any frequent flier will love to own a flat near the airport considering the ease of journey. And if you happen to be one, then there is no better deal available for you.
  • Better lifestyle – As mentioned earlier the high-end premium flats near airport are designed for the up-scale people having finer taste and prefer a good lifestyle. Over the past few years, there’s been a surge of home buyers in this area. With the number of residents increasing rapidly, a number of premium shopping malls, various stores and entertainment centres start coming up close to these flats. As a result, you can have easy access to the civic conveniences which are otherwise unavailable if you live in the suburban area.
  • Higher resale value – Who would not think of good deal of profit especially when it is a real estate investment? From this perspective, a flat near the airport certainly offers a great resale value than the flats in other areas of Kolkata. Depending upon the location, the various parts close to the airport are growing in demand and thus the real estate property values are soaring high in the airport region. So, it can be easily perceived that if you ever need to sell out your flat, rest assured, you should find a great deal.

Cons of staying near the airport in Kolkata

  • A Slightly High Price – With NRIs and HNIs investing generously in the premium flats of the region, it does not come as a surprise that the prices of these flats are skyrocketing. You will probably be paying quite a steep price for buying a flat in the region. However, there’s always a chance to earn it all back while reselling it.
  • Health hazard – You will need to endure the noise of airplane if you are staying too near the airport. The noise can sometimes cause hearing issues. Choosing a property in close vicinity but not very close to the airport sorts out this problem.

What to do as customer?

As a potential buyer you should make sure that you are choosing the right location or paying the right price. Try to get some authentic information from internet as well as from your acquaintances before making any investment.