Vinayak Realtech

Buying a house is a dream for many people as it directly impacts family life, lifestyle, and social life. Everyone has their own preferences for homes, which change based on budget, lifestyle, and work location. For example, if you have a higher budget and want to live a calm life away from the city, a house on the outskirts is perfect for you. But if you work and want a place near your workplace, then a flat in the city is best. Each choice has different price points and pros and cons. In this blog, we’ll focus on recent housing trends in Kolkata and the reasons behind these trends.

Housing trends in Kolkata, Newtown:

It’s clear that Kolkata buyers prefer flats over houses. Data shows that the popular Jadavpur area has many standalone properties, but buyers are not interested in them. They prefer well-developed flats with all amenities for life.

Housing trends: Reasons behind the choice

Budget and amenities:

Budget is crucial in real estate. Buyers are getting flats at reasonable prices, whereas standalone properties are always more expensive. Even if the amenities are top-notch, buyers are willing to pay higher prices. However, standalone properties have limited amenities, while flats have various amenities for a comfortable life. For example, Realtech Nirman Group’s projects in the Rajarhat area such as Rajmahal and Rajvansh offer swimming pools, community halls, security systems, parking, 24/7 power supply, water filtration plants, and gyms. Standalone properties, such as bungalows, lack these amenities unless sold at a high price. Buyers are choosing a comfortable life on a budget.

Lifestyle suitability:

In the fast-paced world, home protection can be demanding. Flats offer high-end security systems and 24/7 security guards, allowing residents to move around stress-free. Flat maintenance is also easier, often managed by committees or individuals, which suits the fast lifestyle.

Easy home loans:
Getting a loan for a flat is easier than for a house or standalone property. Builders often secure loans for their projects, making bank verification easier. Banks often require extensive details for houses, making flat purchases the better option for home loans.

Future property value:

Real estate is a great investment. Areas like Rajarhat in Kolkata, designated as a smart city, are likely to see increased demand, making flats a lucrative investment. However, standalone properties do not attract much interest from buyers. If considering future value, flats are a better choice.

Considering dreams:
Many have dreams of decorating their own homes. Buying a plot and building a house takes time and effort, and an under-construction property may be a better option for fulfilling these dreams without sacrificing career development. Government regulations such as RERA ensure builders complete projects on time or face penalties, protecting the interests of buyers.

Location:
Living in a fast world requires balancing work and home. A house near the workplace reduces commuting time.