Vinayak Realtech

City of Joy is receiving more joy in the real estate market. According to recent data, Property Investment and property registrations in Kolkata saw a staggering 64% increase in February 2024 compared to the same period in 2023. The data of the Directorate of Registrations and Stamps Revenue, the government of West Bengal, showed 4,806 apartments were registered in Kolkata Metropolitan Region in February, a 306% month-on-month (MoM) growth, after a slowdown in property registrations in January 2024 due to the Pausha period. Data has also shown that apartments ranging from 501 to 1,000 sq ft constituted 48% of the total registrations. In this context, many buyers are asking whether flats are a good investment option or not. First of all, yes, flats are one of the best ways of investment and as a veteran real estate company, we, Vinayak Realtech are here to inform you of the reasons.

Let’s dive deeper!

1. Affordability-Property Investment:

Flats consist of much less space than a house, additionally, the land cost gets divided among a lot of people. So, the cost gets lower than a house. This affordability makes flats one of the best options if you want to invest in real estate.

2. Another Income Source:

Most of the investors have property Investment,  so that they can put on rent and can earn from it. However, as the buying cost of houses is high, the rent becomes higher. Additionally, the other expenses of a house such as taxes, maintenance, etc. are also high, and it all impacts the rent and increases it. Naturally, getting tenants for the house gets difficult. On the other hand, flats are affordable for all. So, if you are dreaming of making another income source through real estate investment, invest in flats.

3. Low Maintenance:

Due to a lesser amount of carpet area and a divided outer maintenance cost, flats are low maintenance.

Additionally, it is less hectic for the owner because most of the flats have a managing committee and one just needs to pay the bill. On the other hand, houses are high maintenance, you have to spend for and you are not going to get any helping hand in this. In a nutshell, flats are way more convenient.

4. Security:

As a Property Investment, security should be your first concern. Without it, neither you will be able to protect your property nor be able to get a tenant, and in this context, flats are best. For example, most of the flats have security features such as intercom, CCTV, 24*7 security guards, house automation, etc and if you come to any project of Vinayak Realtech, you will receive every latest security feature along with the perk mentioned previously.

5. Flexibility:

In today’s context, changing cities has become inevitable for career growth and you can do it easily if you own a flat. However, due to the lower amount of security, it’s not possible. Additionally, when it comes to flats, you don’t need to come back to the city. The managing committee is there for you. In a nutshell, flats give you the flexibility you need to progress in your life.

6. Social Connectivity:

Living in flats gives a scope of social connectivity. You will get the chance to make relations with your neighbors and there is a chance that you will end up making bonds with different kinds of people. This will also fill your life with experiences and good feelings.

On the other hand, most of the houses have their own boundaries and it reduces the chances of communicating with other people.

As the perks of investing in flats are clear, it is time to focus on the fact why flats are the best way to invest in Kolkata.

1. High Demand in the Rental Market:

The demand for rental flats in Kolkata is increasing every day. Many young professionals are looking to rent flats close to places of work to avoid long commutes in the morning. Additionally, many families are also moving to the nearby places of famous schools to ensure the best education for their kids. So, one can earn a handsome amount from this. Additionally, if you are going to buy a flat with a home loan, you will be able to pay the EMI with this rent.

2. Market Stability:

The Kolkata real estate market is mostly stable. Especially, if you buy from a reputed builder like Vinayak Realtech, there is no big such risk. However, make sure you are opting for a reputed owner only and you are confirming the exact time of the property handover. Both things are crucial to ensure the return on your investment.

3. Wide Range of Options:

Only Vinayak Realtech can offer you more than 3 running projects in a posh area like Rajarhat, New Town. So, you get the freedom of choosing from a wide range. Additionally, it gives you the authority to compare the perks and price range and to choose the best.

4. Price Range:

Maybe Kolkata is one of the most affordable metro cities in India. For example, if you connect with Vinayak Realtech, you will be able to find a 2 BHK flat starting from 33 lakhs in New Town which is literally affordable according to the location. This affordability makes Kolkata’s flat market the best place for investment.

From the above argument, it can be stated that investing in flats in Kolkata is one of the best decisions ever. So, if you are thinking about it, do not waste your time at all. Connect with Vinayak Realtech and do it now.

Some common FAQs:

How can I identify a genuine builder for Property Investment?

Here are some tips that will help you find a genuine builder:

Ask for the HIRA number of their projects

Check their online reputation through the feedback of their previous clients

Ask your friends and family

How can I check the legalities of a project?

Well, checking the legalities of a project by yourself can be difficult. So, it is suggested to hire a lawyer for this.

What are the things that I should consider before buying a property?

Here is a list of things that you should consider before investing:

• Legalities of the project and the land
• Amenities and securities of the property
• Security of locality
• Amenities of the location
• Reputation of the builder
• Compare the price with other projects

How can I find a good flat near me?

You can do online research by using your location as a keyword or ask your friends and family about it.

2 BHK or 3 BHK, what should I buy?

Well, that depends on your budget and requirements. If you have a bigger family and budget according to that, you can obviously go for 3 BHK or higher. Set your requirements such as location, carpet area, etc. before you make the investment.

Final words:

Flats are best if you want flexibility and a luxurious property under budget. Additionally, a flat gives you the chance to use it as an income source more conveniently than a house. It’s like owning a property without responsibility. However, all of these things depend on whether you are opting for a reputed builder or not. So, be careful, keep the above tips in mind, and go for it folks.