Paddapukur Adorability Leads Homebuyers To Invest In Upcoming Residential Properties

Buy sell Property & Real Estate Investment Guide

Buying Property Tips#1: Choose the Right Location
Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.
Buying Property Tips#2: Study the Local Market Dynamics
It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.

Kolkata is one city which is popular for welcoming and accepting people from different walks of life. The city of joy is witnessing the buyers of realty flocking different projects in the search of a perfect personal space. This trend has encouraged the developers to scout for land parcels and bring in their innovatively designed residential projects. Likewise, the real estate market of South Kolkata is on a rise as the market is witnessing multi-crore transactions between developers and buyers. This progress in the zone's residential market is attributed to many factors including seamless connectivity, improved social- physical infrastructure, an increase in the commercial activities, upgraded amenities, availability of modern day conveniences, an influx of global lifestyle and improved socio-economic conditions. The above stated notions have escalated the sales of existing units and has led to the development of many affordable housing units.

In the area of connectivity, residents enjoy comfortable approach to viable destinations of the city via wide and expansive road structures and good connectivity with metro and other public transit systems. This hassle-free commute has favored the zone's residential market with new launches in the areas which are not very close to the city centers. Also, the ongoing improvements in the infrastructure have bought subsequent development on the residential front. The aforementioned positive sentiments in South Kolkata has gained the attention of potential homebuyers to look out for the localities which are housing residential units that fall under their budget. Similarly, Paddapukur, a developing residential locality is witnessing the enormous construction activities of affordable housing units.

Buying Property Tips#3: Choose the Right Property
Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.
Buying Property Tips#4: Do the Math Properly
Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.
Buying Property Tips#5: Consider Additional Expenses
When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.

So if you a prospective home buyer who wishes to invest in the residential market of South Kolkata, then consider the following new projects coming up in Paddapukur.

NEW RESIDENTIAL PROJECTS

* Siddha Nirvana, an upcoming residential development by Siddha Group is located in Paddapukur, South Kolkata. The project offers opulent spacing 3BHK apartments which lies in a size bracket of 1925-2015 Sq. Ft. The project is in proximity to all the prominent locations of the city and is well connected to all the public transit systems. The project is furnished with modern facilities and amenities including gym, paved compound, open space, video security, power back up, 24 hour water supply, property staff, lift, power back up, car parking, among others. The group has decided to start the possession of the apartments by June 2017.

* Arrjavv Pearl, an upcoming residential development by Arrjavv Group is located in Paddapukur, South Kolkata. The project offers well-designed 3 BHK apartments which lie in a size bracket of 1855-1930 Sq.Ft. The project is in proximity to modern day conveniences including schools, colleges, work stations, entertainment zones, among others. The project promises to offer world class facilities and amenities including landscape, paved compound, open space, video security, power back up, water plant, 24 hour water supply, power back up, car parking, lift, among others. The group has decided to start the possession of the apartments by December 2016.

Buying Property Tips#6: Inspect the Property
To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.
Buying Property Tips#7: Pick the Right Financing Option
While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.
Buying Property Tips#8: Invest through Equity
One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.
Updated: December 30, 2017 — 7:48 am
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