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If you are looking for affordable housing in Kolkata, then Sonarpur is best place to invest in real estate market. Driven by affordable property values attached with measures for infrastructural development, home buyers and developers in Kolkata are... making a beeline for Sonarpur. From a sleepy suburb to a preferred residential locality is how the area has transformed in a brief span of five years. Located in South East Kolkata, Sonarpur is witnessing a sound inflow of big realtors predominantly because of lower land prices and lower construction cost.
The area is well connected through State Highway I, Haraharitala Bus Station and the newly constructed metro line. In addition, Sonarpur is promoting from the extension of EM Bypass that will connect North and South Kolkata. Due to factors such as land availability and social security and physical infrastructure, Sonarpur has also recorded demand for residential plots.
Residential apartment price starts from Rs 2000 per sq ft to Rs 3500 per sq ft and average apartment price in this locality is Rs 2700 per sq ft. The ROI has witnessed an increase of 2% Q-O-Q. This locality has excellent potential for growth and ROI, and investors are likely to see between 5 % to 10% returns annually.
Average land prices are Rs 500 per sq ft. Major builders in this area includes: RDB Group, Develoke Group, Deeshari, BCT Infrastructure, Lord Group, India Green Reality, etc
For Less than 25 Lakhs property, The Stamp Duty is 6% and Registration Fees are calculated at 1% and If the property value is more than 25 Lakhs, The Stamp Duty is 7% and Registration Fees are calculated at 1.1% of the total value of Sale Deed.
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