2 BHK Flat at Kolkata: A Complete Buying Guide - PS Group
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By PS Group
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Introduction –

The thought of buying a house of your own in Kolkata- the cultural capital of the country and the economic and political capital of the state of West Bengal is a distant dream to many. Understandably, a lot of hard-earned money and sentiment are on the line, and making the right decision is the need of the hour. Don’t worry, we’re here to help!

While putting aside a large chunk of your life’s savings in buying a 2 BHK flat at Kolkata, you should factor in some key considerations. These are factors that will guide you in picking the right home for yourself and justify the massive financial commitment you are about to undertake. Through this blog, we will visit these crucial considerations and suggest some of the city’s most prominent residential areas and projects to help you make a buying decision.

Considerations for buying a 2BHK flat at Kolkata

1. Budget –

To begin with, the first and foremost thing any prospective home buyer should do is formulate a realistic budgetary plan, which acts as a base for the selection of the right house. A 2 BHK Flat at Kolkata can vary in pricing depending on the locality of the city and the sizing of the house.

Starting from 20L, a 2 BHK in Kolkata can go up till 1.5 cr. depending on the location premium and area of the house. If you’re looking for an affordable 2BHK flat at Kolkata in the budget of 30L and averaging about 550 sqft , you can consider Majhergaon in North Kolkata. On the contrary, if you’re looking for more spacious and luxurious options in the range of 750 sq.ft, you must be prepared to shell out around 70 lacs.

2 bhk flat at kolkata
Central garden At Majhergaon

2. Construction Status –

If you’re seeking good deals and lucrative offers, you may be better off booking a home in an under-construction property. Many builders open bookings in under-developed construction projects as early as 2-3 years before the prospective date of completion. You can view the layout, visit a sample flat, and put down a token amount to book the flat. By doing this, you may be ableto avail of a 2BHK property at a discounted rate from the prevailing market rate. However, remember to only consider builders of good repute to prevent being cheated or ripped-off.

3. Amenities –

Amenities offered by developers to prospective home buyers have now become an important consideration before deciding a buying decision. Speak to your spouse and kids about amenities that they deem important as compared to others that are good to have. Gymnasiums, swimming pools, prayer rooms, free available car parking spaces for residents and visitors, sports, and recreational facilities are viable amenities to check off your list before buying a 2 BHK flat at Kolkata.

4. Accessibility –

Whether staying alone or with family, easy accessibility to important locations is necessary to factor in before committing a down payment. Compare travel distance to primary modes of transportation such as Metro Stations, Bus Stands, Railways Station, Airport with your daily, weekly, and monthly frequency of travel. Calculate the distance of your everyday commute to the workplace including the time taken to walk to the nearest tram station or the cycle-rickshaw stand. Additionally, the distance to schools and colleges from your home should also be considered if you have kids.

5. Social Infrastructure –

It is nearly impossible to live in isolation from society; having a strong social foundation in and around where you choose to live is highly necessary. From tuck shops and affordable supermarkets to fulfill your daily household supplies, to dispensaries and clinics to administer well-being requirements, the presence of well-staffed common utility establishments in the locality is a must. Also, you should also look at the presence of shopping centers, community centers, cinema halls, open spaces such as parks and lakes while buying a 2BHK flat at Kolkata to meet your recreational and entertainment outlook.

6. Developer Profile –

Finding the right developer to trust to buy your home can be a stressful task, even after considering a wide range of options available at your disposal. However, being cautious about selecting a reputed builder can save you a lot of emotional and financial heartburn. If you’re planning to invest in a certain developer’s current project, it might be wise to evaluate their reliability quotient based on residences they have delivered in the past.

This helps understand the future quality and longevity of the housing project that you’re looking to invest in. Before you commit any resources towards buying a 2 BHK flat at Kolkata, make sure you conduct proper due diligence on the developer and the related real estate company. Have an open conversation with existing homebuyers and do some research online before putting down a deposit. We’re considered among the best real estate developers in Kolkata and you can check about us here.

7. Social Network –

Man is a social animal. The social network available around the locality of the new house is a mandatory factor to be considered by any new home buyer; it helps develop a person’s identity in their immediate surroundings. Having similar people around you to coexist with, is a crucial factor in determining the satisfaction and happiness of the individuals in the house. Opting to live in a multi-building complex helps, as here there is a larger set of people who live together with a common motive, this includes celebrating major festivals together, having social gatherings, and more to keep the community functioning.

8. Financing –

When thinking of buying a 2BHK flat at Kolkata, it’s important to compare various home financing schemes on the basis of the interest rate and terms of repayment. Weigh the pros and cons of purchasing the house in light of the various financial aspects available to you; if opting for a home loan, compare the payment with the future return that you stand to make after the purchase. While home-ownership is a common dream, evaluate the risks, make a cost sheet and take a burden that is manageable along with the other monthly expenses.

9. GST –

The government has given many concessions to homebuyers looking to purchase affordable homes in Kolkata. One such concession is the relaxation of GST on under-construction housing projects in which the certificate of completion has been issued at the time of sale. Since the GST levied ranges between 8% and 15% in the residential real estate category availing this relaxation can provide you with a tremendous monetary benefit at the time of purchase.

10. Payment flexibility –

Buying a 2BHK flat at Kolkata is a huge financial commitment, not just at the time of purchase but for many years to come. While picking a residential project that fits your needs, take the time to negotiate flexible payment terms with the builder that suit your future income expectation. Many banks agree to hold-off on starting the home loan EMI until after the handover of possession from the builder. Remember to read between the lines before signing off an arrangement.

Affordable and Upcoming localities to buy a 2 BHK Flat at Kolkata –

We’ve listed all the hot localities in Kolkata that you should consider while buying a 2 BHK flat at Kolkata. The properties listed here range from 35 lacs onwards up till 70 lacs.

1. Joka –

In the southwest region, Joka is a new locality that cannot be ignored by prospective buyers interested in buying a 2BHK flat in Kolkata. With the implementation of new bus routes, the proposed Joka Metro Station, and the affordable prices in the area, Joka has become a favored area for new home buyers. With current residential prices being relatively cheaper in Joka compared to the other parts of the city, it is also a lucrative investment option for buyers. The locality is surrounded with gardens, open breathing spaces, and the peace and serenity that one desires while buying a home.

Visit The 102 , Kolkata’s first residential complex that boasts of affordable 500-550 sq.ft 2BHK apartments complemented by 102 amenities within the gates at Joka.

Cost of a 2BHK in Joka –

A 550 sq.ft 2 BHK flat in Joka is listed around the price range of 32L – 38L.

2 bhk apartments in kolkata
30m Swimming pool at The 102

2. Madhyamgram –

At a stone’s throw away from Netaji Subhash Chandra Bose International Airport and surrounded by upmarket localities such as Rajarhat, Barasar, and Barrackpore, a 2 BHK flat in Kolkata at Madhyamgram is an ideal residential destination. Mainstream among the NRI and IT experts, the area has a blend of a metropolitan populace alongside Bengali locals. The area boasts of a well-developed transportation system along with other social infrastructure, primarily schools, departmental stores, and clinics, and dispensaries.

If you’re considering buying a 2BHK in Madhyamgram, Majhergaon features a unique mix of nature and modern amenities to present an ideal living solution.

Cost of a 2BHK in Madhyamgram –

A 553 sq.ft 2 BHK in Kolkata at Madhyamgram will cost you about 26L.

3. New Town –

In the North 24 Parganas district of Kolkata, New Town is an up and coming satellite city. With the proposed New Garia – DumDum/Kolkata Airport Metro Line passing through New Town, connecting the area to the primary hubs of the city, New Town is emerging as a preferred locality for purchasing a 2BHK flat in Kolkata. New Town is home to multiple renowned educational institutes including a range of colleges and schools.

If you’re looking for a 2BHK flat in New Town, The Soul and One10 are good bets.

2 BHK flat new town Kolkata price –

A 609 sq.ft 2BHK flat in New Town can cost you upwards of 50L.

4. Tangra –

Once known for its tanneries and Chinese inhabitants, Tangra in East Kolkata has evolved to be known as one of Kolkata’s latest preferred localities for residential buyers. Nonetheless, the rich Chinese culture this locality boasts of is now a reason for its extensive attraction. As a result, the locality has set a strong foundation for the Indo-Chinese diaspora, deepening its roots in the food and music has influenced in turn Bengali culture and cuisine. Tangra is easily accessible, with a number of bus routes and cycle-rickshaw pullers servicing the area. It is a desirable destination to stay in due to the development of new IT parks, shopping complexes, departmental stores, and others.

Cost of a 2BHK in Tangra –

A 500 sq.ft 2 BHK in Tangra can set you back from anywhere between 50L.

Conclusion –

Buying a 2BHK flat in Kolkata can be made easy if thought through clearly. The city of Kolkata has a lot to offer in terms of quality homes at affordable prices with futuristic amenities and well-developed surroundings to make your investment worthwhile. Reach out to our sales team at [email protected] or call us at +91 33 6767 6767 to get a quote today.

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