Flats in Kolkata: An Exhaustive Buying Guide For Homebuyers - PS Group
By Pratik Balasaria
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Buying a home is a milestone. Whether you’re purchasing property for the sake of making an investment or for taking residence, the process of selecting and finalizing to buy apartment in Kolkata is an important one. The joy of becoming a homeowner is priceless, but this joy comes with a hefty price tag. You need to commit a considerable portion of your savings (both current and future) in order to create this real estate asset. In this blog, we will explore everything that buyers need to keep in mind while buying flats in Kolkata.

Flats in Kolkata : buyer’s checklist to buy property in Kolkata

flats in kolkata: buyer's checklist

There are many viable options for buyers of flats in Kolkata, i.e., there are good properties available at all price points. However, buying a flat in Kolkata is a time-consuming process and there are many things you must be wary of before signing on the dotted line. Here’s how you can get started:

1. Make a list of your needs to buy flat in Kolkata

The residential project must fulfill certain key criteria to suit your needs and the needs of your family. Make a needs list with the three categories: essential, important, and good to have. Now list the action items under each section. Though this seems like a fairly obvious task, most of us don’t put in the effort. By having this list handy, you will find that the shortlisting process becomes fairly fast. For example, consider the distance from work, access to public transport, and proximity to good quality social infrastructures such as hospitals and schools to buy property in Kolkata.

2. Draw up a budget to buy apartment in kolkata

Before you start browsing online and visiting flats in person, outline a rough budget that you would like to invest in buying a house. There are many flats in Kolkata for sale across the city that offer luxurious, premium, and affordable price-points, so you can find what you’re looking for. Fixing a budget can help you streamline your location and flat configuration when you buy flat in Kolkata. Zero in on a few specific localities of choice

Once you have the budget and the need list handy, you can easily shortlist a few residential localities. Kolkata is a big city and the search for your dream apartment can make you hop, skip, and jump across the town endlessly. 

3. Understand the actual area on offer when you buy property in kolkata

While buying an apartment in Kolkata, you must take into account the carpet area of the flat; this is the actual usable area that will be available within the walls of the house. Additionally, since the pricing of the flat is dependent on the price per sq.ft, this is an important metric to track when you buy flat in kolkata. 

4. Investigate the developer profile when you buy flat in kolkata

There are many real estate builders in Kolkata. However, construction quality can vary greatly across different developers. Before you invest your money in buying flats in Kolkata, do some research about the builder and the projects they have delivered in the past. Do a thorough due-diligence on the real estate companies in Kolkata before making a financial commitment.

5. Assess the complete cost when you buy property in kolkata

While the price per sq. ft. is the most important metric to consider while buying a flat, there are many additional charges that are levied on the cost of a house. Some common costs that buyers incur while buying new flats in Kolkata are stamp duty and registration costs, parking charges (both covered and open), clubhouse charges, processing fees for the home loan, brokerage fees, common area maintenance, et cetera. These costs may constitute between 7-15% of the total price of the house, so account for them at the initial stages of your home search.

6. Evaluate the banks and financial institutions when you buy flat in kolkata

Top tier banks and non-banking finance companies carry out a rigorous audit of the real estate residential project as well as the builder and their construction company before providing project funding. If the banks backing the project are top-tier, you have nothing to worry about; however, be wary of construction projects backed by obscure investors. This practice ensures that when you buy apartment in Kolkata, it will be completed on time with fewer hassles so you don’t end up starting your repayment cycle with a lack of clarity on possession and eventual handover of the flat.

7. Calculate investment returns when you buy apartment in kolkata

Flats in Kolkata have been a good asset class among kolkata residential projects to invest in over the last decade or so. If you’re considering buying property for this purpose, ensure that you carry out an exhaustive analysis on the potential upside by keeping in mind the cost of buying, prevailing home loan rate, rental income yield, property taxes, and maintenance charges. Do a cost-benefit analysis to buy apartment in kolkata before committing funds to this form of investment.

8. Stage of Completion to buy apartment in kolkata

It takes an average of 3-4 years for a builder to deliver a housing project from end to end. As a homebuyer, you can book your home at any point in time during this period, subject to availability in the project. Buying ready to move flats in Kolkata is definitely a safer bet, however, buying under-construction properties in reputed projects can help you secure a house at competitive or lower than market rates. 

9. Home Loan Calculator to buy flat in kolkata

Whether you’re buying luxurious flats in Kolkata or are looking for affordable flats in Kolkata, chances are that you will avail of a home loan to fund your home purchase. Understanding your credit worth at the time of taking a loan can help you plan your monthly expenses better in the long-run and reduce the pressure of unforeseen payments. Your EMI calculation is based on the reducing balance method vs a flat rate interest calculation method.

The EMI due per month will include the principal as well as the interest rate. The loan payment is structured in a way that in the initial years the interest component of the home loan will be higher as compared to the principal amount. Over the years, the total interest reduces, and the principal component increases.

To assist you in arriving at these figures accurately, we’ve enlisted a sample EMI calculation in detail. You can also use this built-in EMI home loan calculator offered by Groww. Let’s assume that you avail of a home loan to fund a home purchase worth Rs. 1 Crore for a time span of 15 years at the prevailing rate of 12%.

Here’s how the EMI will be calculated:

E = [1, 00, 00,000 x 12 x (1+12) ^ 15] / [)1+12) ^ 20-1] which brings the monthly amount payable to the bank equal:  Rs. 1, 10,108.

Paperwork Checklist to Buy Flats in Kolkata

Flats in Kolkata: paperwork checklist

While buying flats in Kolkata, the biggest hurdle faced by new buyers or NRIs is the legal paperwork that involves several forms of documentation. In this section, we’ll enlist important paperwork that you need to secure at the time of purchase. Typically, having these handy will ensure a safe purchase in residential real estate. However, you can look into getting professional advice through a licensed consultant to assist you during the first transaction when you buy apartment in kolkata.

  1. No-Objection Certificate (NOC): Various state and government bodies give their approval to a residential project in various stages of construction. Before you sign on the dotted line, ensure that the developer of the project has secured No-Objection Certificates from the Kolkata Municipal Corporation, WBHIDCO, Kolkata Water Supply Department, Calcutta Electric Supply Corporation (CESC), and other regulatory bodies.
  2. Title Deed: The title deed represents a mandated document that gives a person total and absolute ownership of the property. For flats in Kolkata, the builder needs to ensure a clear transfer of the deed on the buyer’s name at the time of sale. The property title must be clear to ensure smooth home loan processing as well as future lease and sale transactions.
  3. Allotment Letter: Most large residential projects in the city of Kolkata are Joint Ventures (JV) between the landowner and developer. This letter also elaborates on the construction details, sanctioned plans, amenities promised, delivery date, and estimated liability of the developer in case of delay. The Allotment letter also contains a payment schedule that mentions the initial down payment as well as those outstanding
  4. Floor plan: If you’re purchasing an under-construction flat in Kolkata, visiting the sample flat is not enough. Make sure you ask for the floor plan of the project with printed details of the exact flat and floor that you’re interested in. This will not only help plan future furnishings but will also be important to track deviations from the plan if any.
  5. Non-Encumbrance Certificate: Legally, the term encumbrance states the presence of a loan or a mortgage on an asset. While purchasing a property, it’s essential to obtain a certificate of non-encumbrance to ensure that there are no prior liabilities on the residential property. This document is an essential part of the due diligence done by banks at the time of processing a home loan application to buy apartment in kolkata.
  6. Building Approval Plan: While buying flats in Kolkata, ask the developer to share a building approval plan. This document is a pre-requisite of the West Bengal Housing Industry Residential Authority (HIRA). Without this, the housing project is not deemed legal in the eyes of the real estate law.
  7. Completion Certificate: In case you’re contemplating buying ready to move flats in Kolkata, you must insist on securing the completion certificate from the developer. This certificate will help you understand whether or not the housing complex you’re investing in is compliant with the municipality or state laws.

Types of properties in Kolkata for sale

flats in Kolkata:Types of properties

The city of joy offers many different types of housing options to its residents. From large colonial estates with open courtyards to palatial residences to contemporary apartments in Kolkata, the city has many colorful options to offer to buyers on the lookout for their dream homes. You can find a 2BHK, 3BHK, 4BHK, or duplex flats in Kolkata at every price point. 

In order to assist you in your search for your dream home, we’ve segregated the residential real estate landscape in Kolkata into three categories, i.e, luxury, premium, and affordable. Each segment will include an exhaustive list of locations, associated cost range, and projects offering to help you buy property in Kolkata and streamline and shortlist options while comparing the salient points of differentiation holistically.

Buy property in Kolkata – luxury apartment in kolkata

Flats in Kolkata: Luxury apartments

Old-world charm mixed with modern-day design and engineering makes Kolkata one of the most thriving markets for luxury real estate in the country. From stately architecture and high-tech luxurious amenities to personalized services such as concierge, supervised creches, brand-name food & beverage establishments, valet, and on-call door service, the facilities at complexes with luxury flats in Kolkata are designed to enthrall even the most discerning buyer. The list of luxuries on offer is inexhaustible and exciting. Here is a quick checklist for buyers who are exploring luxury apartments in Kolkata. 

  1. Architectural Excellence and Design Integrity: Look for unique aesthetic elements that can set it apart and add an aura of glamour to the overall appeal. It’s about extravagance, the grandeur, and quality. 
  2. Location and Exclusivity: Flats in Kolkata south and central suburbs have traditionally been associated with luxury as compared to the neighborhoods in the north. 
  3. Amenities and Services: From green landscaping to never heard like clubhouses to pollution-free air for its residents, luxury should spell out extravagance. 
  4. Sustainability: As a role model for society, being mindful of the needs of the planet will put you in a league of your own. While choosing luxury flats in Kolkata, lean in favor of homes in green buildings and complexes.
  5. Status Symbol: Always ask about the profile of people who would share the common spaces with you. A good luxury apartment offers excellent networking opportunities

Best locations to buy luxury flats in Kolkata

Here are the top 5 location picks for all our readers who are exploring owning luxury flats in Kolkata. Let’s dive in:

Buy property in Kolkatabuy apartment in Kolkata in Ballygunge

Locality: Among the well-heeled of the city of Kolkata, there is no place like Ballygunge. Home to the crème-de-la-crème of the city since pre-colonial time, Ballygunge is famous for its bureaucrat and industrialist residents. Owning flats in Kolkata south is a  statement of success in itself. And if you reside in a flat in Ballygunge, there is no competition.

Flats in Ballygunge and their cost: Ballygunge demands high property prices owing to exceptional location benefits. 77% of the properties in Ballygunge are multistorey apartments and 3 BHK is the most common room configuration in this locality. However, 4bhk flats in Ballygunge are equally in demand.  Flats in Ballygunge place Kolkata are available in the range of 3.5 Cr – 10 Cr.

Property In Focus: Located in the heart of Ballygunge, The Reserve by PS group offers plush 4BHK flats in Ballygunge Kolkata + 4T apartment complex that includes provisions for servant quarters. 4 bhk flat in Kolkata in the Reserve are available for sale across two categories, ie, 2,700 sq.ft & 4,000 sq.ft. The price tag for these luxurious residences falls in the range of 5.25 Cr. – 8 Cr. respectively.

Buy apartment in kolkata in Sarat Bose Road

Locality: Wondering how a 3.5 km stretch between Alipore and Ballygunge could gain this much prominence? Just ask the wealthy residents of Sarat Bose Road! This beautiful Bengali street houses some of the most exclusive restaurants, commercial high-rises as well as opulent residential societies. If you wish to buy luxury apartments in Kolkata, a home at Sarat Bose Road would be a style statement indeed.

Buy flat in Kolkata in Sarat Bose Road and their cost: 3 BHK and 4 BHK flats are the most preferred configuration in this locality and account for approximately 55% of all the properties for sale. Priced at a premium, a luxury apartment on Sarat Bose Road will cost you in the range of 2 Cr – 5 Cr. 

Luxury flats in Loudon Street

Locality: If you’re looking to make the most exclusive location in Kolkata your home, you should head straight to Loudon Street. It holds intact the rich cultural heritage of Kolkata’s past with many famous monuments such as Victoria Memorial, South Park Street cemetery, M.P. Birla Planetarium, and the busy Park Street making the list as its more distinguished neighbors. The area is recognized as one of the poshest areas in the city for both luxury apartments in Kolkata as well as luxury bungalows in Kolkata.

Flats in Loudon Street and their cost: Generally, when you buy flat in Kolkata you find properties in Loudon street that are multistory apartments and offer a 4 BHK configuration. 4 BHK apartments in Loudon Street are available in the range above 5Cr. 

Luxury flats in EM Bypass Near Science City

Locality: Located in East Kolkata, the Eastern Metropolitan Bypass, popularly known as EM Bypass has become a mainstay in housing projects in Kolkata. Given the seamless connectivity of the 32 km highway to all the arterial roads running from north to south Kolkata, EM Bypass is becoming a hotspot for luxury projects offering flats for sale in Kolkata. 

Flats in EM Bypass and their cost: Multistorey apartments that house 4 BHK and 3 BHK flats in EM Bypass see the most demand. Though you will find houses for every range in this locality, EM Bypass flats that attract the affluent and the rich crowd of Kolkata are available for anything above 2.5 Cr. 

In Focus: buy apartment in Kolkata and Luxury Flats in Kolkata

  1. PS Anassa is a premium residential project featuring state-of-the-art 4BHK private residences located within an arms’ length of EM Bypass. The property features plush 2000 – 2500 sq.ft apartments with lavish master suites that gross over 600 sq.ft in space. The project has been awarded the Realty+ Award 2020 for the Iconic Project of the year. A 4 BHK flat in EM Bypass, Kolkata at Anassa can cost you upwards of 3.07cr.
  2. PS Aurus is a high-rise luxury project located off the EM Bypass, situated in comfortable proximity to ITC Sonar, JW Marriott, and Science City. The skyscraper project features luxurious 4BHK flats in EM Bypass with 22ft wide balconies. A 4BHK flat in PS Aurus can cost you upwards of 3.07cr.
Flats in Kolkata: Aurus

Buy property in kolkata in Phoolbagan and Beliaghata

Locality: As the name suggests, Phoolbagan is an upcoming locality in North Kolkata known for its magnificent gardens. The famous Subhas Sarovar lake which attracts tourists from all over the country is located here. Beliaghata, on the other hand, is a suburb in Eastern Kolkata. When you buy flat in Kolkata, you must remember that both localities are witnessing tremendous luxury real-estate development owing to their seamless access to EM Bypass.

Buy flats near phoolbagan kolkata: The general room configuration of flats in Phoolbagan and Beligahata are 4 BHK and 3 BHK and the properties in Phool Bagan are multistorey apartments. You can buy flat in Kolkata for Sale in Phool Bagan above 2 Cr. 

Property In Focus: Located about 700m from the Phoolbagan-Beliaghata crossing, PS Jiva is an exquisite assortment of natural ponds and a lavish 4BHK duplex in Kolkata. 4 BHK apartments in the project are about 1490 sq.ft in size and the prices of these flats in Kolkata can cost you upwards of 2 cr.

buy apartment in kolkata

Premium Flats in Kolkata for Sale

flats in kolkata: Premium Properties

There are many premium and semi-luxury flats in Kolkata that cater to the needs of a growing family and provide modern comforts for city life. Many 4BHK and 3BHK flats in Kolkata fall in this category; as people settle down in the city for the long-run, this size seems to be ideal in terms of housing older parents as well as adolescents. Built with a wholesome understanding of this nuclear family, leading real estate companies in Kolkata have built spacious premium residential houses close to large employment hubs equipped with good civic amenities. Making a choice between some of these properties can prove to be a tough decision indeed. Let’s look through some factors that you must consider as you explore premium flats in Kolkata:

  • Layout: While comparing options, take into account the openness aspect of the apartment- look for flats with a well-planned layout, double-storey terraces, and optimized living rooms and communal spaces. 
  • Amenities and Inclusions: Look for homes that offer healthy and sustainable living options, ask for the profiles of architects and interior designers, also ensure that the flats offer business lounges, clubhouses, and kid-centric activities.
  • Community: Ask for the profiles of people who are going to share the flats in your towers. Having an understanding of your neighbors will ensure happier times ahead.
  • Community Space: We humans are social beings and it’s essential for us to network. Premium houses should offer community halls for shared celebrations. 
  • Return on Investment when you buy apartment in kolkata: If you have to let out your flat on the lease, try to investigate to gauge the rental your home could potentially fetch. Keep in mind to factor the cost of maintenance and upkeep to arrive at the annual yield you can expect from your home. Make sure you compare rental yields before putting down a deposit to buy flats in Kolkata.

Top locations to buy premium flats in Kolkata

Premium housing complexes offering ready to move in flats in Kolkata are spread evenly across the length and breadth of the city. Let’s take a look at these preferred localities and get an understanding of the properties that best fit your needs:

Buy apartment in kolkata in New Town

New Town is a plush satellite city developed by the state government of West Bengal in the 1990s to accommodate the population explosion taking place in the central metropolis. It is an upcoming IT and education hub, well-connected to the main city of Kolkata through road and rail, with a host of entertainment and recreational attractions for locals and tourists alike. Located on the fringes of Kolkata, New Town has many attractive facets that appeal to prospective homebuyers. Planned with new technologies and several forward-thinking civic infrastructure developments, flats at New Town Kolkata are equipped with various amenities and provisions that are hard to find in the leading projects located in Central Kolkata.

Snapshot: Flats in New Town, Kolkata

There are a lot of options available for customers of every budget in this locality when they buy flat in kolkata. Almost 53% of the flats for sale in New Town have a room configuration of 3 BHK. A premium New Town flat is available in the range of 80L to 1.1 cr. 

Properties and buy apartment in kolkata In Focus: PS One10 and PS Soul

PS One10 contains a range of exclusive and world-class facilities. Over 70% of the complex is made up of open space that spans over 9 acres of land and offers unique inclusions. It is the largest residential development in New Town Action Area 1. This property has been built exclusively with your kids in mind. When it comes to our 3BHK flat in Kolkata PS One 10, we have two size configurations on offer; the first has a carpet area of 664 sq.ft with a balcony of 97 sq.ft and the second has a carpet area of 865 sq.ft and a balcony of 131 sq.ft. The price tag attached to these homes is 1cr and 1.15cr respectively.

Flats in Kolkata: one 10

PS Soul is an under-construction project in New Town slated for completion in 2023. The housing project to look at when you buy apartment in kolkata is spread over 10 towers on a total area of 6.89 acres of land; about 60% of which is open space. The Soul has been created to provide an atmosphere of ample greenery for our future residents to feel closer to nature. Planned amenities include a leisure pool, jacuzzi,  a party lawn, an amphitheater, and a workshop zone.

buy flat in kolkata at The Soul

Flats in Salt Lake

Considered as one of the hottest locations for young Kolkatians to settle down, Salt Lake City or Biddhanagar is a thriving IT hub with access to arguably the best infrastructure and civic planning in Kolkata. The demand for flats for sale in Kolkata Salt lake has kept pace with the rapid commercial and civic development of the area; vast open spaces of lands are being developed by the government to build cultural monuments and recreation centers such as the popular tourist attraction Eco Park. Several IT companies have set up offices in this area due to the good connectivity of the hub to the rest of the city by road and rail.

Snapshot: Flats in Salt Lake, Kolkata

Almost 60% of the residential properties have 4 BHK and 3 BHK flats in Salt Lake housed in a multistorey apartment. A premium 3 BHK flat in Kolkata at Salt Lake will cost you upwards of 1cr.

Property In Focus: PS Panache

Panache is a premium residential project featuring state-of-the-art 3 BHK flats in Salt Lake located within an arm’s length of New Town. The property features plush 900-1000sq.ft apartments with spacious and airy balconies in high rise towers. A residence at Panache can cost you upwards of 97L.

Flats in Kolkata: Panache

Flats in Phoolbagan- Beliaghata

Mainstream among the NRI and IT professionals, Phoolbagan and Beleghata areas include a blend of a metropolitan populace residing alongside locals.  Phoolbagan is an upcoming locality in North Kolkata, while Beleghata is a neighborhood located in the eastern part of the city. Beleghata also houses Subash Sarobar, a 73-acre lake surrounded by countless species of indigenous trees, which attracts tourists and locals alike.

Snapshot: Premium Flats in Phoolgagan, Kolkata

There are multistorey apartments and almost 60% offer 3 BHK apartments in Phoolbagan. The premium flat in Phoolbagan range between 1200- 5000sq.ft in the area and can be purchased in the range of 1cr. to 1.5cr.

Property In Focus: PS Jiva

Located about 700m from the Phoolbagan-Beliaghata crossing, PS Jiva is an exquisite assortment of natural ponds and premium 2 BHK and 3 BHK flats. Jiva is a residential dream come true for a nature lover- it features floating gardens, jogging tracks, ghats, outdoor yoga zones, and jogging tracks. 3 BHK flats in Jiva are available for 1 Cr. onwards. 

Flats in Kolkata: Jiva

Buy apartment in Kolkata in New Alipore

Developed to the south of Alipore, which is arguably one of the most expensive pincode in the country, New Alipore is rapidly building on its reputation as the newer, younger, and better planned of the posh neighborhood. Located in the heart of South Kolkata, Alipore is home to wildly-successful industrialists and bureaucrats like the Birlas, Goenkas, Jalan, and Mittals, Alipore presents the opportunity to rub shoulders with the elusive elite and is truly considered an epitome of luxury among all Bengali populace. New Alipore is joint at the hip to Central Kolkata by the Kolkata Suburban Railway Line and is connected to Central Kolkata and Salt Lake by road and rail.

Snapshot: Flats in New Alipore and their cost

80% of the residential properties in New Alipore are multistorey apartment with 3 BHK flats being the most common offering. 31% of properties for sale in New Alipore can range upwards of ₹1.5 Cr. 

Property In Focus: PS Vyom

You can check out our offering PS Vyom, the finest 4BHK flats in Kolkata. For every inch of built-up space, there are more greens. Vyom is located in South Kolkata at the New Alipore crossing, offering the perfect luxury residential destination for homebuyers who are planning to buy apartment in kolkata. Spread across 7 acres, PS Vyom is a rich hub for biodiversity featuring a thick green cover and natural ponds. The 4BHK apartments in the complex range between 1,500 -1,700 sq.ft and cost upwards of 1.7 Cr

Flats in Kolkata: Vyom

Affordable Flats in Kolkata for sale

Flats in Kolkata: affordable properties

As a first-time homebuyer looking for affordable 2 BHK flats in Kolkata, you will be amazed at the depth of residential options available in the big city. Many trusted real estate developers in Kolkata dish out housing options that can take care of all your housing needs without burning a hole through your pocket. In this section, we will visit these crucial considerations and suggest some of the city’s most prominent residential areas and projects to help you buy flat in kolkata. Let’s look through some specific factors that you must consider as you explore affordable 2BHK flats in Kolkata, over and above the factors mentioned above:

  • Under-construction flats: If you’re seeking good deals and lucrative offers, you may be better off booking a home in an under-construction property. You can view the layout, visit a sample flat, and put down a token amount to book the flat at a discount from the prevailing market rate.
  • Avoid single building complexes: Due to the lack of open spaces and shared amenities in such complexes, opting for a single building residence should be avoided as far as possible.
  • 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 before making a financial commitment.
  • Recreation avenues: You should check for the presence and proximity to shopping centers, community centers, cinema halls, open spaces such as parks and lakes while buying a flat at Kolkata.
  • Financing: If you’re opting for a home loan, compare the payment with the future return, evaluate the risks, make a cost sheet and take a burden that is manageable along with the other monthly expenses.
  • Payment flexibility: While picking your flat at Kolkata 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. 

Top locations to buy affordable flats in Kolkata

To be honest it is impossible for us to list down all the areas that house affordable properties in Kolkata. Here are our top picks of the upcoming localities which promise attractive returns for our budgeted buyers. 

Buy apartment in kolkata and Flats in Joka

Home to India’s first Indian Institute of Management since 1969- Joka, in South West Kolkata is an educational hub. The massive infrastructural and development projects like the proposed Joka – BBD Bagh Metro, upcoming flyovers, and prominent IT hubs are also putting Joka on the map of prominent residential real-estate locations in Kolkata.

Snapshot: Flats in Joka, Kolkata

2 BHK is the most common room configuration in Joka and accounts for approximately 51% of all the properties for sale. The 3BHK flats in Joka, Kolkata can be easily found upwards of 48L

Property In Focus: The 102

Designed by one of Singapore’s more cutting-edge architects – SRSS, The 102 has been constructed using South Korean technology and landscaped by the award-winning Tectonix Design Studio based in Thailand. The property derives its name from the mind-boggling 102 amenities and facilities on offer. 3 BHK flat in Joka, Kolkata at PS102 is about 50L and the cost of a 2 BHK house at Joka is 31L.

Flats in Kolkata: 102

Flats in 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.

Snapshot: buy apartment in Kolkata in Madhyamgram, Kolkata

2 BHK is the most common room configuration in Madhyamgram and mot of the properties are listed by their respective owners. 47% properties for sale in Barasat Madhyamgram lie in the range of ₹20Lac – ₹40Lac while 20% properties lie in the range of upto 20Lac. 

In Focus: Flats in Majhergaon

If you’re considering the decision to buy flat in kolkata in Madhyamgram, Majhergaon features a unique mix of nature and modern amenities to present an ideal living solution. This project is aimed at providing all residents with a clean and green lifestyle, with the convenience of being in the city. These beautifully designed 550 sq.ft homes with a spacious balcony attached to each apartment are priced at 26L onwards.

Flats in Kolkata: Majhergaon

Flats in 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 and hence makes a great choice to buy apartment in kolkata.

Snapshot: buy flat in Kolkata in New Town

There are a lot of options available for buyers of every budget in this locality. Almost 31% of the flats for sale in New Town have a room configuration of 2 BHK. A 2 BHK flat in New Town is available in the range of 40L to 60L. 

Flats in Kolkata: One 10

Buy flat in Kolkata in 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.

Snapshot: Flats in Tangra, Kolkata

53% of residential projects offer 3 BHK. 26% properties for sale in Tangra lie in the range of ₹40Lac – ₹60Lac.

About PS Groupbuy flat in Kolkata with the best builder

Among the first few things, we guarantee our customers when they buy a home with us is peace of mind and comfortable living. With a record of timely delivery and possession of iconic homes in different parts of the city, we have strived towards providing a better tomorrow for our customers, over the last 35 years.

Additionally, with an array of residential and commercial projects under our umbrella, we have garnered immense respect, trust, and love from the people of Kolkata and India.

Our degree of reliability is observable through the awards and recognitions that our group has been honored with over the past few decades. From futuristic architecture to strength in construction, we have succeeded in providing multiple families in India a safe space, which they so very proudly call home. 

Buy apartment in kolkata and live your dreams

Buying flats in Kolkata has become the modern-day Bengali dream. Everybody dreams of having a place of their own that looks after their needs as well as the needs of the extended family.

FAQ’s – People also ask

Is built-up area and plinth area same?

The built-up area is also known as the plinth area of the flat
It is the complete area of the flat including the space under the walls and the private space outside of the walls, for example- the balcony & the terrace area, if any.

How can I buy a flat in Kolkata?

The following steps list out the process of buying a flat in Kolkata:
1. Fix your budget – Make a realistic decision about how much you are willing to spend on the flat.
2. Decide the configuration – How many bedrooms would you want your ideal flat to have?
3. Research neighbourhoods – Decide where in Kolkata you want to buy apartment in Kolkata based on your work place, schools, connectivity and budget.
4. Choose a trusted developer – Ensure that the developer has a good reputation in the market. They must also be in possession of all required legal certificates.
5. Visit potential properties – make sure to not only see the flat, but also the amenities that come with the property.
6. Finance your flat – Research the various loan and repayment options offered by various banks and choose the most realistic option for you.
7. Purchase and register the flat – By registering the sale deed of the flat, you will transfer its ownership to yourself.

Where can I buy land in Kolkata?

There are many areas to consider when deciding where to buy land in Kolkata. Kolkata is an excellent investment opportunity when it comes to purchasing real estate. Many new neighbourhoods have come up in Kolkata over the last decade where there is more opportunity to buy land. Areas such as Salt Lake and New Town are suburbs of Kolkata in the north that are situated close to Kolkata’s new IT parks and are well connected to the rest of the city by a network of newly constructed roads. New metro station connections are expected to increase connectivity to the area. They also lie very close to the international airport. These areas also have many newly developed residential complexes by trusted builders that can be a good alternative to purchasing land, because flats can earn rental income which has higher returns since they are in demand.

What is best to buy in Kolkata?

From an investment perspective, flats are the best real estate purchase in Kolkata. This is because there is a high demand for renting flats in many areas of Kolkata. Many young professionals are looking to rent flats close to places of work to avoid long commutes in the morning. Many families are also looking for flats to rent near premier school locations in Kolkata. One can earn a handsome rental income from renting out a flat in Kolkata for such families. Thus, from an investment perspective, buying a flat is the best option.
For living in Kolkata too, buying a flat is ideal. This is because unlike independent houses, many multi-storeyed real estate development projects come with state-of-the-art security systems as well as excellent amenities that make living there a breeze and add to the quality of day-to-day life.

Are there flats in Kolkata available from owners?

Kolkata is ideal for buying and reselling flats for investment purposes. This is because real estate in Kolkata is a great investment. The prices for purchasing flats are not astronomical like some other cities in India. Yet, there is a steady climb in real estate prices year and year and an investment can fetch great returns in a few years. This is why there are many flats available for purchase from owners in Kolkata. These flats can be bought for investment purposes again, or for living purposes. These flats can be found all over the city, but especially in the newly developed neighbourhoods like Salt Lake, New Town and EM Bypass. These areas make for excellent investment because the flats here are in high demand since they are closely located to the IT hubs of Kolkata and are well connected to the rest of the city via a network of roads. They are also a short drive from the international airport. Other upcoming areas to consider are Joka and New Alipore.

Are there any resale flats in Kolkata?

There are many resale flats available for purchase in Kolkata. This is because buying flats in Kolkata is an excellent investment opportunity. The real estate prices show a steady year on year climb and are in high demand, especially in the newer areas of Salt Lake, New Town and EM Bypass. These areas connect the old Kolkata city centre to the new Kolkata of IT hubs and office parks. Many young professionals and new families are looking to buy flats in the area. For these reasons, the real estate market in these areas is thriving and many resale flats are easily available in various configurations from 2 BHK to 5 BHK. Other upcoming areas like New Alipore, Joka and Beliaghata are also in demand because of their proximity to the city centre. These areas also have resale flats available.

Are there any ready to move flats in Kolkata?

Kolkata has had a real estate boom in the recent past that has led to many quality real estate properties being constructed. As a result, there are many ready to move flats available in the city at present. Most of these flats come in configurations of 2, 3 and 4 BHK apartments. These properties also come packed with top of the line amenities like gymnasiums, swimming pools, CCTV surveillance systems, etc. Many of these developments are located in the newer areas of Kolkata like New Town, Salt Lake, Rajarhat and EM Bypass which are close to the city’s IT parks and other employment hubs. There has also been a resurgence in other parts of Kolkata with modern societies being constructed in areas like Joka, New Alipore and Beliaghata which are closer to the city centre and also have ready to move flats in Kolkata.

Are there any affordable residential flats in Kolkata?

Oftentimes one has to compromise between quality and affordability when looking to purchase a residential flat in Kolkata. That is not the case with flats by PS Group. PS Group prides itself in constructing quality flats with a host of amenities, and balancing that with affordability so that it is a realistic option for young professionals with new families. PS Group has been helping families find their ideal homes for the last three decades. Our properties in various parts of the city have buildings built with sustainability concerns kept in mind, and state of the art amenities like gymnasiums, swimming pools, landscaped gardens, CCTV surveillance, etc. all available within the premises. These flats range from 2 BHK all the way to 6 BHK apartments. They are located in the newer parts of the city like New Town, Salt Lake, EM Bypass, as well as the upcoming New Alipore and Joka.

What is the number of owner flats available in Kolkata?

According to studies, there are over 20,000 flats available for sale in Kolkata and about 12,000 of them are owner flats available for sale. The reason for this is because real estate prices in Kolkata have been showing a steady year on year growth and hence, buying flats in Kolkata is an excellent investment opportunity. These flats are available for resale and can be bought for investment purposes or to live in. Real estate is especially in high demand in the newer areas of Salt Lake, New Town and EM Bypass. These areas connect the old Kolkata city centre to the new Kolkata of IT hubs and office parks. Many young professionals and new families are looking to buy flats in the area. For these reasons, the real estate market in these areas is thriving and many owner flats are easily available in various configurations from 2 BHK to 5 BHK. Other upcoming areas like New Alipore, Joka and Beliaghata are also in demand because of their proximity to the city centre. These areas also have owner flats available.

What does carpet area mean?

According to the RERA, carpet area is defined as ‘the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment’.
Carpet area literally means the area inside your house that you can cover using a carpet. This refers to the usable area of your house, but it includes all interior walls and partitions in the house.
Carpet area also excludes the area of a balcony or terrace according to RERA. The area of a staircase is counted only if it is inside the house, but staircases and lobbies outside the house are not included. 
One should be careful when purchasing a new flat whether the advertised area is carpet area or built up area. 

What is a multi-storey apartment called?

In American English, the term ‘apartment’ is used to refer to a flat and the term ‘storey’ is used to refer to floors. Thus, if one has a self-contained housing unit or flat in a building with many self-contained housing units, one owns a multi-storey apartment. The term multi-storey refers to the fact that the building has multiple floors. The words apartment and flat can be used interchangeably.
A distinction can be made between a flat in a multi-storey building and a builder floor apartment. Multi-storey buildings are typically high rise buildings with many floors and facilities. A builder floor apartment is an independent floor unit in a low rise building with or without common facilities.

Which apartment floor is safest?

There is no apartment floor which is more or less safe than others. Both higher floors and lower floors come with their own pros and cons. 
The higher floors afford better views and are quieter. They also typically have more light and ventilation than the lower floors. The lower floors are more accessible by stairs in case there is an emergency or the lift is not working. It is ideal for older people who may be more afraid of heights and families with pets.
Many modern residential projects keep these needs in mind while designing buildings. In complexes like PS Group’s Aurus or The Soul you will find that all buildings have multiple lifts that are on DG power backup. So the difference between the lower and higher floors is minimal. It is a matter of preference.

Is it bad to live on the first floor?

The first floor of a building is ideal for those families who want to live in a house where an exit to the outside is easily accessible. If your apartment is on the first floor, you can easily take the stairs to and from the apartment and not have to wait for the lift. This is especially useful in case the lift stops working or there is a power failure. Families with old people, young children and pets may also prefer the first floor since going up and down the stairs is easier. In case of emergencies where the use of the lift is not advised, apartments on the first floor have least difficulty because of their proximity to the ground. 

Are 1st floor apartments safe?

First floor apartments are completely safe. People might fear that because of their proximity to the ground, flats on the first floor might be less safe than others, but this is not true. In fact, because of their proximity to the ground, people living on the first floor can access the outside more easily, especially if the lift is occupied or not working. This means that if you need to get to your vehicle, it is easiest to do from the first floor. In most modern multi-storey apartments, security personnel can also be found on the ground floor or just outside the building. 

Is balcony part of carpet area?

No, according to the Real Estate (Regulation and Development) Act, 2016, any ‘exclusive balconies or verandah area and exclusive open terrace area’ is not part of the carpet area. 
The Act also explains that the expression ‘exclusive balcony or verandah area’ refers to the area of the verandah or balcony, as the case may be, which is appurtenant to the net usable floor area of an apartment, meant for the exclusive use of the allottee. Additionally, according to the Act, ‘exclusive open terrace area’ refers to the area of that open terrace that is appurtenant to the net usable floor area of an apartment, meant for the exclusive use of the allottee.

Should I buy flat or house?

Flats are a popular option for several reasons. Flats offer more security since you live in a gated community with security measures provided. Most modern flats also come with a host of amenities that make life more comfortable. These range from gyms and swimming pools to landscaped gardens and walking trails. Additionally, water and electricity supply issues are generally taken care of by the developer along with maintenance. Flats are also better for investment purposes since they are easier to rent or sell. The con is that flats are not as customisable to your needs.
Independent houses are preferred by those who want the privacy and space of their own living unit. The cons are that usually, houses do not come with security and amenities. They also usually do not have electricity, water and maintenance taken care of by a developer. But the increasing popularity of gated community villas is solving these problems. 

What is the difference between a flat and a studio?

A studio apartment is a self-contained housing unit that contains everything in a single room space, except the bathroom. This means that the living area or hall, bedroom and kitchen are all in a common room with partial or no demarcation. 
A 1BHK flat is also a self-contained housing unit containing the same rooms, but there is a wall or other type of demarcation to separate the spaces for the bedroom, living room or hall and kitchen. 
In both cases, a bathroom is in a separate room.
Studio apartments are most suited for single young working professionals who are looking to save some money and hence do not mind the lack of space and privacy. Young couples and families are most suited to flats. 

What is a 3 flat?

A 3 flat is a three floor building with a common front entrance and separate residences on each floor. Essentially, each floor has its own living unit or flat. Typically, the bottom flat is occupied by the owner and the others are occupied by either family members or are rented out.
These are different from low rise builder floor apartments because there is one common entry point to all the flats. They are typically seen in independent villas inside gated communities. The term is more common in American English and is not widely used in India, although these types of structures are present here too. 

What is multifamily property?

A multifamily property is any property where multiple families live in their own self-contained apartments or flats. These flats can be stacked vertically or horizontally. Thus, multifamily properties can be in the form of one apartment building or it can also refer to a gated community with several buildings within one complex. 
These differ from single family properties which are typically independent houses or villas where only one family resides.
The most common type of multifamily property is a multi-storey apartment building. But it can also be used to refer to penthouses, studio apartments, gated communities and a residential development property with multiple buildings.

Can I enclose my balcony?

No, it is not recommended to enclose a balcony after purchasing a completed flat. The flat’s plan with an open balcony space are approved by the municipal corporation on behalf of the developer prior to the purchase. Thus, making any additional construction has to be approved as well. Many Residential Welfare Associations (RWA) disallow the enclosure of balconies since it ruins the aesthetic of the building. Also, in many cases, constructing walls on an open balcony area is not recommended because of structural integrity issues. In case the area cannot support the wall, the whole structure might collapse. Thus, it is recommended to purchase a flat with as many bedrooms are required and not to convert open balcony spaces into enclosed rooms.

What percentage of built up area is carpet?

The percentage of carpet area can vary from project to project depending upon the developer. But generally, the carpet area is around 70% of built up area of a property. The carpet area comprises all the usable floor area and internal walls of an apartment including the bedrooms, living room, kitchen and bathrooms. But it does not include balconies, terraces or external walls and stairs. Under RERA, all projects are required to disclose the carpet area. 
The built up area includes the carpet area and also includes balconies and terraces. Thus, around 70% of the built up area is generally the carpet area.

What are the most luxurious apartments in Kolkata in 2021

Our list will help you narrow down your search for the best luxury flats in Kolkata in 2021. Here are the top 4 luxury flats that we recommend:
1. Vyom
2. Navyom
3. Anassa
4. Aurus

Looking for the best luxury apartments in kolkata?

Here are the 3 luxurious properties in Kolkata that you can consider.
1. Aurus
2. Anassa
3. The Reserve

What are the best real estate companies in Kolkata?

Here is a list of few of the best Real Estate agencies in Kolkata.
1. PS Group
2. Merlin Group
3. Ambuja Neotia
4. Srijan
5. Vinayaka Developers

Wondering if investing in Real Estate is a good decision during COVID?

Check out the benefits of investing in Real Estate during COVID.

What are the top 6 localities in Kolkata for sale?

Top localities offering flat at Kolkata for sale
1. New Town
2. EM Bypass
3. Joka
4. Salt Lake
5. Balygaunge
6. New Alipore

What are the 6 reasons that you should buy house in Kolkata during COVID?

Reasons behind buying house in Kolkata during COVID:
1. Buyers market
2. Decrease in home loans
3. Viable market for asset creation
4. Negotiation
5. Supply crunch
6. Lifestyle changes

Struggling to a shortlist an are for buying your flat?

Here’s a checklist that will help you shortlist locations while buying your flat.

What are the mistakes to avoid while you are buying a house?

We have made a list for all the mistakes that you should avoid while buying a house.

Are you looking for commercial places in New Town Kolkata?

Checkout Abacus i.e. a commercial place for sale in Kolkata.

How to find the best Real Estate broker for yourself?

Here are a few ways how you can find the best Real Estate Broker for yourself. You can go through this article for your reference. “Real Estate Broker in Kolkata: How to find the right one for yourself

Want to know difference between Online vs. offline real estate research methods?

You can read our blog “Online vs. offline real estate research methods” for your reference

Want to buy house without a broker?

Here is a blog you can refer to and find out “Steps to buy houses in Kolkata for sale without a broker

Are you searching for a Real Estate Agent?

Read this blog to find good real estate agents in Kolkata in easy steps.

How to calculate property value in Kolkata?

Know your property value better. Read this blog for your reference “Property Valuation Kolkata: Developed vs. Developing Localities“.

Confused whether to invest or buy for an end use?

Check out all the advantages as well as the differences between investing or buying for an end use in our blog “Property at Kolkata: To Invest or To Buy For an End Use

What are the best properties to buy in Kolkata?

The Exclusive Handpicked Flats in Kolkata for Buying in 2021 are:
1. Navyom
2. One10
3. The 102
4. Vyom
5. Jiva
6. Aurus
7. Amistaad
8. Anassa
9. Panache
10. Majhergaon
11. The Soul

Are you looking for a flat in South of Kolkata?

Here is a list of flats from South of Kolkata:
1. The 102
2. Vyom
3. Navyom
4. The Reserve

Would you like to know the best real estate quotes?

You can read “Top 20 Real estate quotes: A collection of the best” for the best quotes on real estate

Would you like to know the best real estate books?

You can read about the best real estate books in this blog “A collection of the top 10 Books on Real Estate Investment”

How to hire a Real Estate Lawyer?

Know how to hire a real estate lawyer and where to find them. Read our blog “Lawyer for Real Estate: When to Hire & Where to Find Them” for your reference

Do you want to know the IGBC certified apartments in Kolkata?

The Top 6 IGBC Certified Apartments in Kolkata are:
1. Navyom
2. Vyom
3. One 10
4. Panache
5. Aurus
6. Anassa
7. Jiva

How Real Estate Market in India has changed during COVID?

Read about how real estate market changed in India during COVID in this article “How Real Estate Market in India has changed during COVID?

What are the differences between home and a house?

If you are confused whether to invest on a home or a house, here’s an article that will help you decide “Difference between Home and House Explained

What are the top trending luxury flats and apartments in kolkata in 2021?

The top 4 trending luxury flats and apartments in kolkata in 2021 are:
1. Aurus
2. Anassa
3. Navyom
4. Vyom

What are the most 6 luxurious flats in Kolkata in 2021?

The most trending 6 luxurious flats and apartments in Kolkata are:
1. Aurus
2. Anassa
3. Panache
4. Nayom
5. Jiva
6. Vyom

Which are the best value localities for investing in kolkata?

In 2021 the property valuation in kolkata is according to the locality. The best localities re EM Bypass, New Town, New Alipore and so on.

What are the benefits of buying a flat in Kolkata?

The benefits of buying a flat in Kolkata are as follows:
1. Property Valuation Kolkata
2. Property Valuation Kolkata
3. Government subsidies
4. Infrastructure Development
5. Having a permanent roof over your head
6. Capping your monthly outflow of rent
7. Asset-Creation
8. Rental Yield
9. Taxation relief
10. Capital Appreciation
11. Customization
12. Loan against property
13. Status Symbol

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