Based on an expert study in the business of real estate India, a more risk-averse tendency is observed among homebuyers in a couple of years. This has led to a rise in the segment of ready-to-move-in flats in Kolkata for sale. According to a study in 2020, ready-to-move-in flats formed 21% of total home sales in 2020, which was 7% more than the sales rate in 2015.
Best options in ready-to-move-in flats in Kolkata for sale in 2021
Studies have established that the share of ready-to-move-in residential properties is anticipated to increase and may reach 30 percent during this fiscal in the sector of overall housing sales. So, if you are looking for a flat in kolkata for sale that’s ready to occupy, here is our best picks:
Panache, Flats in Salt Lake
Located in one of the most sought-after localities in Kolkata, Panache offers plush 900-1000sq.ft apartments with spacious and airy balconies in high-rise towers. Panache is right in the heart of Salt Lake and has the tallest residential towers in the neighborhood designed in a funnel-shaped architecture for ample wind circulation. Adding to its many unique features, Panache is a gold rated IGBC Certified Green Building. The residential project is spread over 7.5 lakh sq. ft. The price of 3 bhk flats in kolkata at Panache can cost you upwards of 97L. Among several other amenities, homebuyers can enjoy landscaped gardens, outdoor gymnasiums, montessori and preschool for young kids, dedicated kids’ pools and play areas, a 28000 sq.ft. clubhouse with a swimming pool and steam rooms, and fully equipped mechanical car parking. If you wish to buy a flat in north kolkata, flats in kolkata salt lake should be your go-to option.
Vyom, Flats in New Alipore
Regarded as the epitome of affordable luxury, Vyom is located at the New Alipore crossing, and offers 3BHK apartments in New Alipore in the size range of 1,200 -1,400 sq.ft. The plush residential complex is spread over 7 acres of lush greenery and natural ponds, making it one of the largest landscaped township in New Alipore. A 3 bhk in Vyom will cost you Rs1.7 Cr. and above. With a clubhouse of 31,500 sq.ft., the residential project offers 17 exclusive garden homes and an array of well-maintained amenities to choose from, like International concierge, three swimming pools, exclusive kids learning center, state-of-the-art home theater, wellness center, squash court, among others. Given that the area is a well-planned residential suburb 4 bhk flats in new alipore are expected to gain more traction the future.
Riya Oxford Square in Barasat
Riya Oxford Square is a ready-to-move-in project, and offers a great variety in 3 bhk flats in Barasat, Kolkata North. The unit has a super built-up area of 1220.0 sq. ft. and is available at a price of Rs. 31.5 Lac. Riya Oxford Square is well connected to the prime areas of the city and features a large number of amenities, promising a comfortable living for its residents. The residential project is equipped with highlights such as Library, Fountain, Reading Lounge, Sun Deck, Power Back up Lift, etc.
Aurus, Flats off EM Bypass
Amenities, prime location, spacious living space— you name it and they have it. Aurus is located right between ITC Sonar Bangla and JW Marriott off EM Bypass—a much sought-after area in Kolkata. These 3 bhk apartments in Kolkata e m bypass are therefore much coveted among homebuyers.
The residential project has won a stream of awards from 2017 making the 4 BHK flats at EM Bypass are perfectly splendid for homebuyers with family. These are also equipped with 22 ft. high ceilings and 22 ft. balconies, something which can only be compared to the apartments at Madison Avenue! Spacious kitchens, service yards, and the 3 sides open South-facing plan will not make you turn on the air conditioners, even though they come built-in too! A sky lounge at 374 ft waits for you, filled with indoor amenities such as Board Room, Squash Court, Gymnasium, Children’s indoor play area. Outdoor amenities include tennis and badminton courts, outdoor play areas, swimming pools for adults and kids, along with a sun deck, aqua gym, cabana, and outdoor jacuzzi. With round-the-clock security systems, dedicated seismic sensors, and fire detection systems, you can leave behind all your worries and focus on yourself and your family. At Aurus, ready-to-move-in flats are immediately available, so what are you waiting for?
Benefits of buying ready to move in flats in Kolkata for sale
The preference to ready-to-move-in flats was preferred by homebuyers over under-construction real estate projects. A special inclination is evident for projects launched by established real estate developers. In major metro cities, the real estate prices dropped by up to 5% in the April-June quarter.
- The luxury of hassle free living
The extended window period between the buying stage and delivery timeline with under-construction projects is exhausting for homebuyers. On the other hand, ready-to-move in flats ensure immediate availability. Some of the other greater advantages of a ready-to-move-in flats in kolkata for sale is that homebuyers don’t have to pay rent, and EMIs. They only need to complete the documentation, make the payment and move in, all this without worrying about the waiting period. Zero encumbrances and a comparatively hassle-free possession with immediate effect definitely add to the advantage of a ready-to-move-in housing unit over under construction units.
- Favorable government policies
The revised interest rates and favorable government policies is a major reason why the segment has picked up traction. As per the recently implemented Goods and Services Tax (GST), a five percent tax is levied on the purchase of under-construction residential properties that come under the ambit of affordable housing. Ready-to-move-in flats are however exempted from GST charges. Furthermore, the reduction in the latest stamp duty, lowest interest rates, and an increase in demand for ready homes has increased the sales, especially from the NRI audiences.
- Rapid delivery process
In the uncertain times of the pandemic, ready-to-move-in flats in kolkata for sale are much in demand and have become a preferred option for homebuyers as they do not have to worry about the delay of delivery date. In addition, there is no ambiguity as they are aware of the final product, its finishing, quality, workmanship, so in a way they know exactly what they are buying based on the sample flat. Therefore, the complete assurance given by developers to what has been committed, adds to the sales. With no discrepancies in features and amenities or surprise endings, homebuyers ultimately buy what they see.
- Multiple launches and a wide variety of options to choose from
The real estate market in India has a plethora of options for flats in kolkata for sale as the market is inundated by completed stock, leaving homebuyers with a variety of options to choose from. Furthermore, homebuyers are completely avoiding the risk of unfinished projects that come with under construction properties, thus causing traction in the ready-to-move-in flats segment.
- Ready-to-move-in housing units gain highest traction in real estate Kolkata
The real estate business in Kolkata is flourishing, especially with residential properties offering plenty of premium projects in the affordable housing segment. Homebuyers have a plethora of choice for ready-to-move-in housing units. Furthermore, real estate developers in Kolkata with unsold inventory are struggling with a loss on sale margins, such projects especially lead to low prices and less GST, thus it the best time to invest in real estate Kolkata. With this definite shift in end-user preference, homebuyers are looking for bigger accommodations. Maximum traction is therefore visibly noticed in ready-to-move-in homes segment within Rs. 50 lakh.
As opposed to under-construction units, ready-to-move-in flats in Kolkata offer a host of advantages such as possession with immediate effect, no discrepancies in features and amenities, free from GST implication, and a better developed physical and social infrastructure. Expert studies have established that the share of ready to move in residential properties is anticipated to increase and may reach 30 percent during this fiscal in the sector of overall housing sales.