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A database with more than 3873 offers from developers and agencies with impeccable reputation will give you the opportunity to buy properties in Kolkata, India, for personal use, long-term investment or passive income on rent. Before you start your search, decide on:
- type of property - house, apartments, commercial premises, land;
- the number of bathrooms and bedrooms;
- the age of the building - new construction or secondary housing;
- maximum price;
- neighbourhood and location requirements;
- need for furnishing and technical equipment;
- the need for a beautiful view from the window, balcony, yard and garden;
- list of additional options such as 24-hour security, swimming pool, gym.
Based on individual requests, it is easy to set filters to see the best offers. Study photos and descriptions, location on the map and convert the cost of property in Kolkata to the desired currency. When you find a successful option, write in private messages or call the number directly to the seller.
- Minimum cost: 12792 (secondary market property in need of renovation).
- Most expensive house: $900,000.
- Minimum floor area: m²
- Largest property size: 470 m² (plots of land can be over 1,000 m²)
All those wishing to purchase an apartment, land, office or house in India should not expect getting a residence permit, as the local legislation provides for its issuance only on the following grounds:
- enrollment in an Indian university on a contract (specialty does not matter);
- getting married to an Indian or a person of Indian origin;
- signing a labor contract with one of the national companies;
- registering a company (which takes a lot of time and requires serious investments);
- investment in the economy from $1,5 million.
The residence permit is issued for a year, but there is no limit on the number of extensions. You just need to make sure that the documents confirming the basis for its issuance are in order.
The metropolis covers 206 km² and is divided into 144 districts, with slums making up more than half of the area and investor-friendly locations scattered across different parts of the city. If you want to live in the centre and near tourist attractions, you can consider Kalighat and Tolliganga, while Mukundapur, Rajarhat and New Town are better suited for a quiet family life. For expats planning to stay in the country for a few years and then resell a villa or apartment in India, developers offer modern housing in under-construction projects in the Kasba and Dum Dum districts.
Property in Kolkata
Located in the delta of the Ganges River, the city is the second largest in the country and has a population of more than 14 million people. The percentage of foreigners who come to Kolkata (the official name of the metropolis since 2001), is gradually increasing. Expats have the opportunity to invest in properties for sale in Kolkata, earn money on rent and move here for permanent residence.
A distinctive feature of the metropolis is a strong contrast between different neighbourhoods. Part of the city is slums, but 19 districts are excellent locations for comfortable living with all amenities:
- private schools and kindergartens;
- 24-hour video surveillance and security;
- swimming pool;
- gym;
- public transportation stops within 5-10 minutes walk;
- shopping centres.
Tourists are looking for options near attractions, the main ones being St. Paul Cathedral, Victoria Memorial Hall, and Indian Museum. Also at the disposal of foreigners, there are a racetrack, golf courses, restaurants, and stores.
The demand for commercial real estate for sale in Kolkata is growing rapidly due to the dynamic development of the economy. In addition, offices and production facilities of international companies such as Exide Industries, India Government Mint, Haldia Petrochemicals, Britannia Industries, Texmaco Limited, Philips, Birla Corporation and others are located in the area.
The buildings in the central part of the city are predominantly colonial buildings, combining Dutch, French and British architectural elements. There are many monuments of the 19th century in the north, which are interspersed with wide avenues and alleys. The more upscale the neighbourhood, the more options there are for expats and the higher the level of security.
Mukundapur, Rajarhat, Kasbah, New Town and Dum Dum are the best areas to rent out, while Tolliganga and Kalighat are the easiest to rent out.
Reasons for investing in property in Kolkata
As per reports for 2022, Kolkata has emerged as one of the leaders in real estate sales along with Mumbai, Bangalore and Chennai with more than 100,000 properties sold in the first quarter alone. The trend of rising values and increasing number of offers continues even now. Investors who aim for long-term profit, developers give an opportunity to invest in new projects located mainly in the northern and southern parts of the city. The secondary market offers more housing in the centre - it makes sense to choose it to rent to tourists or expats. The average annual income can reach 4%, which is higher than in other Indian cities.
Not a bad option is the purchase of commercial investment real estate in Kolkata, offices, as well as plots for development. The megalopolis is the centre of energy, mining, steel, power and other types of industry, so locals and foreigners constantly come here to work. Economic development contributes to the improvement of infrastructure and GDP growth, which, combined with a stable mortgage rate, guarantees a profitable investment.
Buying real estate in Kolkata
You can buy properties in Kolkata for investment and living with the help of our website in no time and without overpayments. Working directly with reliable agencies and developers, we help you to choose property in India, taking into account your budget and personal wishes. In the process of studying the options, you can use filters, sorting, comparison option, and if you are only at the initial stage, then the preferred lots offer to add to your favourites. The final decision buyers take after personal inspection. You can also assess the prospects of investment via available photos. Please note that the property prices in Kolkata for some objects are hidden. You can find them out by writing to the seller or sending a request through private messages. In the same way you will be able to get answers to any arising questions.