Top Trends in the World of Real Estate Properties in Kolkata

Over the last few years, there has been a rapid change in the world of real estate properties in Kolkata. New trends followed the old ones and they are leaving a great impact on the industry. How are the current builders adapting to the new environment? How are the consumers reacting to the new trends? Let us find out the answers.

New Trends in the World of Real Estate Properties In Kolkata

Trends tend to change and the world of real estate is not an exception. So, which are the trendiest things in the real estate properties in Kolkata? Take a look at the below-mentioned points.

  • Smart Cities: The Smart City concept adopted by the Government of India is one of the most influential trends in the market. Planned sectors with complete civic amenities offer a variety of opportunities for the builders for constructing buildings. The 2 Smart Cities of Newtown and Rajarhat are giving shapes to the aspirations of buyers.
  • Sustainable Development of Buildings: The builders of Kolkata do not shy away from fulfilling their collective responsibility towards the environment. They are building housing enclaves having landscaped gardens and water bodies. Most of the top real estate builders in Kolkata are constructing buildings after taking requisite clearance certificates from the local municipalities.
  • Affordable Housing: Builders are sharing the goals set by the Government and building affordable apartments at good locations. As the Government of India has undertaken the programme of Housing for All by 2022, our builders are also leaving no stone unturned and keeping the prices of 2 BHK and 3 BHK flats for sale at lower prices. This is providing a great opportunity to the young professionals who are now investing in real estate properties from an early age.
  • Rising Popularity of Flats: Contrary to the earlier craze for standalone flats or individual homes, nowadays the buyers in Kolkata are giving more value on accommodations built within the precincts of housing enclaves. Given the trend, the builders are including a higher number of amenities, providing complete security of the settlement and giving personal spaces to the owners.
  • Corporate Social Responsibility: Many reputed builders in Kolkata are fulfilling their corporate social responsibilities with pride. For example, ?Realtech Nirman Pvt. Ltd.? is organizing ?Realtech Real Puja Parikrama? which is a noble endeavour. Herein, around 1000 senior citizens are taken for a trip across the famous ?Durga Puja? pandals throughout Kolkata. Still, around 8000 senior citizens took the benefits of these joy trips for a long 8 years.

The times are changing and the scenarios at the market are becoming better for the buyers. The time is absolutely perfect for doing further investments in the market and exploring the benefits of latest trends. Invest after gathering all requisite information and get the best deals on the market.

All About Home Loan Eligibility In India

Unlike many developing and developed nations, India has recorded a growth in its real estate industry. Thanks to government’s long-term massive infrastructural projects, the metropolitan and Tier- 1 cities are extending its borders. So, there is no scarcity of land for the development of commercial and housing projects. The demand for both types of properties is continually growing in metropolitan cities like New Delhi, Kolkata, Mumbai etc. Owing to better employment opportunities, people are shifting their bases here in these cities. Consequently, the demand for real estate properties in Kolkata and other cities is increasing. Banking and home loan financiers do not want to lose this opportunity. Thanks to consumer-friendly decisions made by the Union finance minister and RBI, the interest rates of home loan are declining.

Criteria for home loan eligibility for buying real estate properties in Kolkata

The criteria for home loan eligibility differ for different banks or lenders. Home loan approvals are dependent on the incomes of borrowers, their credit profiles and existing relationships with the lending institutions.

Age

Minimum Age: 21 yrs

Maximum Age: 65 yrs (depending on employment type)

Minimum Amount of Net Annual Income

Rs 5 to 7 Lakhs (depending on employment type)

Employment Type

Salaried or Self-Employed

Employment Status

Regular employment at least for last 1 year; at least 3 years of employment years in total (without any gap)

Residence Type

Rented/Owned

Residence Status

Current place of stay for last 1 year

Credit Rating

Higher ratings offered by recognised credit bureau

Type of Property to be Purchased

It affects the eligibility for loan amount

Requisite Documents for Home Loan Application

  • Photograph affixed signed applications
  • Proof of Identity: Voter ID/ Passport/ PAN Card
  • Proof of Residence: Voter ID/ Passport/ Driving License/ Electricity Bill/ Water Bill/ Lease Agreement
  • Proof of incomes
  • Salaried: Previous 3 months salary slips/ Current Salary Certificate
  • Self-employed: Previous 3 to 6 months bank statements/ Audited financial statements
  • Proof of Tax
  • Salaried:/strong> Latest copy of Form 16
  • Self-employed: Latest copy of ITR Form
  • Proof of Employment
  • Salaried: Employment certificate
  • Self-employed: MOA/Partnership deed etc. The documents proving the establishment of business
  • Property documents
  • Cheque for the Processing Fee
  • Documentation of co-applicant

The good thing is that every home loan financier has a ‘Help Desk’ for discussing the details. You can approach them for receiving proper insights. Apart from that, the legal cell of new age home builders like ‘Realtech Nirman Pvt. Ltd.’ offers all possible assistance in hassle-free procurement of home loans to its customers. If you have the will and the might to buy a real estate properties in Kolkata, the time is now. Explore the possibilities of a growing home loan market. Apply for a home loan, book an apartment and buy it!