The ever-increasing population of Kolkata has contributed to the rising demand for affordable housing options, especially the residential plots in NewTown, Kolkata.
As one of the most populous and fastest-growing metropolitan cities in India, the region is witnessing exponential growth in the real estate sector. Several new residential projects and townships are being planned and executed in response to the demand, particularly in thriving neighbourhoods like New Town.
By investing in residential plots in Newtown, Kolkata, investors can take advantage of this growing urbanisation and enjoy potentially high returns on their investments.
In this blog, we shall go over some of the most striking benefits of investing in residential plots in Ujaan Nagar, Newtown.
Top 7 Benefits of Buying Residential Plot in NewTown, Kolkata
Here’s why buying a residential plot in Newtown, Kolkata can be a smart investment choice.
1. Greater Property Value
As a tangible asset, land appreciates in value over time, making it a fruitful investment that can generate significant returns furthering your short-term and long-term financial growth.
Buying a residential plot in NewTown, Kolkata is a profitable investment decision since the city has been experiencing a steady appreciation of property values owing to its increasing urbanization and industrialisation.
In recent years, Kolkata has undergone a significant boom in infrastructural developments following a range of projects launched in both the public and private sectors. These include the expansion of the East-West Metro, the construction of new highways and flyovers, and the upgradation of airport facilities.
With the progressive infrastructure, property values are also increasing in surrounding areas. Hence, investing in residential plots in areas that are situated close to these upcoming projects, like Newtown, can yield substantial appreciation in the future.
2. Affordable Rates of Residential Plots in NewTown, Kolkata
Kolkata stands out as a lucrative destination for property investment due to its affordability.
Weighing the costs of owning a residential plot for investment purposes against purchasing a flat shows that the former is more economical. This is because many upcoming areas are offering affordable land options, making it financially viable for investors to buy a plot and construct their homes at a later stage.
In addition, the maintenance costs associated with a residential plot are also significantly lower.
While other metropolitan cities like Mumbai and Delhi may offer soaring property rates, Kolkata provides comparatively lower prices, especially for residential plots. This allows investors to enter the market more easily and increase the likelihood of secure and long-term returns on their investment.
3. Emergence of Integrated Townships
Kolkata is home to numerous gated communities and integrated townships that offer both a high-quality lifestyle and investment opportunities.
Ujaan Nagar is the largest township project in eastern India, and buying a residential plot in the same area promises added convenience, safety, and a luxurious way of living – all in one location.
Investing in plot projects developed by reputed developers like Ujaan Nagar can be an intelligent investment choice due to the well-planned infrastructure, amenities, and systematic development.
4. Promising Rental Prospects
With the shooting population growth and a substantial influx of students and professionals, the city has seen a consistent increase in rental demand. By investing in a residential plot in New Town, Kolkata, and constructing a rental property, investors can create a secondary source of income and benefit from the robust rental market.
5. Easy Financing Options for Residential Plots in Newtown, Kolkata
Buying an asset demands a significant monetary investment. Real estate investors can take advantage of various financing options for purchasing residential plots in New Town, Kolkata. Several leading banks and financial institutions offer attractive home loan packages and affordable interest rates to aid buyers in fulfilling their dreams of owning a property. These packages are also customised to suit the investor’s requirements.
6. Flexibility and Customization
Another prominent benefit of investing in a residential plot in New Town, Kolkata is the flexibility and freedom it offers in terms of designing and constructing a home.
Unlike apartments or pre-built homes, buying land allows investors to create a living space that is exclusively tailored to their needs and preferences. From the architectural layout, and selection of materials for construction, to interior design, investors have complete control over all aspects of their dream home.
7. No Surprise Hidden Costs
Residential plots in Newtown, Kolkata come with a clear and transparent pricing structure, unlike ready homes or apartments where hidden costs may arise over time.
For example, while buying an apartment, one may have to invest in multiple other aspects such as parking space, club membership, and common area maintenance. However, by purchasing a residential plot, the investor gains complete control over any additional costs, as well as the development of the property.
Investing in a residential plot also offers easier liquidity options when compared to other types of property investments. For instance, it is easier to sell or lease a plot over a flat, as there is a higher demand for vacant lands.
Buy the Top Residential PlotS in NewTown, Kolkata
The real estate market in Kolkata, specifically concerning residential plots, presents an attractive option for investors seeking long-term gains. By selecting the right location and development project, investors can look forward to reaping the benefits of a dynamic real estate market.
So, explore the numerous advantages of investing in a residential plot in Newtown, Kolkata, and secure substantial returns on your real estate investment and cultivate an asset that bears fruit for years to come.
Consider investing in the leading residential township project of Ujaan Nagar, New Town. It is a 100 acres project with 500 units and a wide range of amenities, including a gymnasium, swimming pool, ATM facilities, senior citizen’s park, shopping complex, child’s play area and pool, hotel, parks, community hall, etc.
Whether you’re looking to secure a high return on your investment in the long run or build the home of your dreams, Ujaan Nagar, Newtown, is the place to go! Get in touch with our team for further details.