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Is Kolkata a good investment bet?- Property Hotline
Posted
July 5, 2016
Views
468
Likes
4
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July 5, 2016
468
4
0.85%
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2:36
1:59Now PlayingBe Un Confused
Expert: Jayashree Kurup, Head-Content & Research, Magicbricks.com
Question: Is it a good idea to invest in Haldia which is in the race to be a smart city? What kind of future prospects can I expect if I buy land here? Additionally, is Kolkata a good investment bet? My budget is Rs. 50 lakh. Please suggest good locations in Kolkata I can invest in.
Answer: A smart city is going to be a Planned Public Infrastructure. Till the city development plan is ready and if you randomly purchase the property, very likely those are the areas which are going to be for the public convenience. Hence, unless you have a long term investment horizon, you should be investing close to the city, which is easily accessible and will witness appreciation in the near future.
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