Help please

[Bill]

Dear Friends,

I am am NRI and I would like to your expert views on investment in properties in Rajarhat Action Area, Kolkata. I heard Government allots some flats under MIG, LIG etc. what these terms mean can anyone please explain to me.

Are there any good residential apartments which is reasonably priced in this area? Any suggestions from anyone please.

I am interested in buying properties in Rajarhat action area 2 while the properties are still under construction or going to be constructed. Can anyone recommend me some reliable builders.

regards,

William

[saurabh]

hello,
LIG means low income group and all other are also same. For more details write to me at saurabh8982@gmail.com

[nancyarora2020]

A boom in real estate sector across the country has not left Kolkata behind as a number of upcoming townships in city suburbs are attracting investors and mass housing complexes to some hitherto uptapped suburbs.Rajarhat in the north-east, Dankuni in north-west, Howrah in the west, Diamond Harbour road beyond Joka and Batanagar in the south-west and the Garia-Narendrapur stretch in south-east are areas which will see more than 50 per cent price rise in the next one year, said real estate sector sources.Two years back, property prices in Rajarhat were not more than Rs 1,200 sq feet. Prevailing prices are not less than 2,800 per sq feet. Suburban locations are witnessing some pressure as increasing interest rates have magnified the outflow for genuine purchasers. While Kolkata market has traditionally been know to be less volatile compared to Mumbai and Delhi, and hence, any investor who is comfortable with the city and moderate long-term returns, can consider this is as a reasonably safe destination.Kolkata continues to be a tier-II location in terms of property and land valuation, and most experts think the city will take quite some time to catch up with developed markets like NCR and Mumbai.Certain areas like New Town Rajarhat where several mass housing projects are nearing completion, the prices may appreciate 5 per cent more than the other areas.