Buying a house is a life-changing decision. The location and layout of your home have a long-term impact on how you live your life, the ease, and comfort of living for your family members, and the general quality of life. A well-researched home purchase decision can increase your sense of well-being and help in the creation of a long-term value-generating asset; when real estate purchases go wrong, they lead to long years of financial and emotional turmoil. As a home buyer looking to buy flats in Kolkata, you must do thorough due diligence on the prevailing market conditions, property prices, legal and paperwork requirements as well as the leading real estate companies in Kolkata in order to make a sound purchase. You can read through the complete home-buying guide for flats in Kolkata here.
Why is it important to opt for flats in reputed real estate development projects?
Picking a developer is (almost) as important as choosing the right spouse: you’re going to be with each other for a long time! Jokes aside, picking the right developer does have a long-term impact on the value and upkeep of your property. Considering the fact that most people who buy a house, stay put in the property for 10+ years at the minimum, picking the right developer is a crucial decision-making criterion you cannot afford to take lightly. Reputed builders amass a lifelong legacy for building quality projects that residents cherish over multiple decades. Buying a property in a dubious residential project is a risk to stay the least; multiple housing projects collect hefty deposits at the time of booking only to halt construction mid-way for a host of different reasons.
Here are some pointers you should keep in mind while picking the right developer among the long list of real estate developers in Kolkata.
Needless to say, a real-estate developer who has been in the business over many years is more credible than a new name. There are over a hundred small and big real estate companies in Kolkata, but only a handful of those have been consistently delivering value for over a decade. Buying a home in a housing project backed by an established developer will ensure that you get possession of your home on time without unnecessary delays. Flats in top-rated real estate projects in Kolkata appreciate faster than the market on average because the depreciation and maintenance cost is low; the difference may be marginal but it can add up over the year
One of the leading risks involved in buying flats in under-construction properties is the time and likelihood of project completion. That said, the leading cause of stalled construction in multiple housing projects is lack of funds. There are many instances of medium-sized real estate developers in Kolkata running out of money and filing for bankruptcy mid-construction leaving homebuyers high and dry. While it’s impossible to predict future market conditions, it’s generally considered good practice to inquire about the solvency of the real-estate developer through online forums and news articles before committing funds.
Many esteemed housing developers are felicitated with various awards and recognition for their work over the years. Whether you’re looking for ready to move in flats in Kolkata or scouring for under-construction options, browse through the Realty periodicals and local newspapers to identify builders who’ve earned the love and recognition of the industry at large. Many leading developers also display their awards and accomplishments on their respective websites.
Quality of Projects
Before committing your hard-earned money to properties in Kolkata, make it a point to visit past projects and get an understanding of the quality of construction you can expect from the developer. Leading developers across the industry maintain consistency project after project and improve the quality delivered over the years. That’s the kind of developer you can trust and associate within the long run.
Top 5 Real Estate Companies in Kolkata
Now that you’ve gotten a fair understanding of real estate in Kolkata, let’s share a list of the top five real estate developers in Kolkata that you can consider while browsing properties in Kolkata. The following list includes notable developers across various categories of residential development that have made a mark on the people of Kolkata. Let’s see who they are:
As far as trustworthy real estate companies in Kolkata are concerned, few builders come close to our impeccable reputation at PS Group. Focussed on delivering high-end premium luxury residences to families across Kolkata, we have delivered over 100+ projects since 1985. Our dedication to quality over the years has earned us the stature of constructing landmark buildings and expansive residences in record time, ensuring the most fulfilling lives for our cherished residents.
Considered a trailblazer in the real estate industry in Kolkata, we have bagged over 150 awards across multiple platforms for our work in residential, commercial, and retail real estate. We are well- known in the industry for our green development initiatives which include modern waste management methods and clean water and air processing initiatives, which make us one of the most sustainable developers in present-day Kolkata.
- Over 35 plus years of experience.
- 100+ residential and commercial projects delivered since 1985.
- 100 + realty awards.
- Most sustainable builders in Kolkata.
- Known for developing luxurious and premium properties in Kolkata.
- We actively contribute to education and leadership development as a CSR activity.
The Merlin Group was established as a real estate company in 1984. The group started out as a developer in the city of Kolkata, however, now operations include cities of Ahmedabad, Raipur, Pune, Chennai as well as Colombo. Under the leadership of Mr. Sushil Mohta, the group has constructed over 100 office buildings, retails outlets, malls, country homes, IT buildings, hospitality establishments, hotels, resorts, and residential projects over the last three decades.
- Over 30 years of experience.
- Winner of Best Realty Brands by ET in 2015, CREDAI Bengal Realty award amongst others.
- 100 plus completed projects.
- Known for developing premium projects.
The Ambuja Neotia Group has been in business across multiple industries including real estate, hospitality, healthcare, education, and incubation over the last 20 years. Their real estate footprint has been expanded under the guidance of Chairman, Harshavardhan Neotia over the last two decades which has witnessed the development of several residential, commercial, and residential real estate.
- Over 20 years of experience.
- Winner of Times Now Trusted Residential Project of the Year ( East ) 2018.
- Knows for developing affordable and premium homes.
Srijan Realty Private Limited is one of the leading real estate companies in Kolkata that has a presence across Asansol and Burdwan in Eastern India & Chennai in the south in addition to real estate development in our own city of joy. Srijan Realty has its roots in marketing, i.e., it started out as a real estate marketing company (NK Realtors) that evolved into real estate development in 2003. Srijan has completed 16 projects since its inception. Currently, 14 projects are ongoing while 10 more are in the pipeline for development.
- 16 years of experience
- Has won a couple of awards, the recent one being Conclave and Excellence Awards 2020.
- Diversified into developing multiple housing projects, townships, gated communities, commercial parks, hospitality destinations, and showrooms.
- Known for developing affordable and premium flats and villas in Kolkata.
The story of Vinayak Developers was started by Umesh Kyal in the 1980’s. Mr. Kyal started initially as a real estate investor who started his journey by developing small & mid-size residential and commercial properties in Kolkata as well as in Vizag. Over the last three decades, Vinayak Developers has developed several residential and commercial real estate projects in Kolkata that are rich in design as well as innovative infrastructure. Vinayak Developers are perceived positively as one of the best real estate developers in Kolkata.
- Over 30 years of experience.
- Winner of the Low-Cost Housing Project of the Year at the prestigious Realty Plus Excellence Awards 2018.
- Known for developing affordable and low-cost 2BHK & 3BHK flats in Kolkata.
There are many avenues for buying properties and flats in Kolkata. However, picking a trusted developer among the many existing real estate companies in Kolkata can save you a lot of heartburn in the future. You should weigh in all the above-mentioned information and pick a name that suits all your needs in the future.