In the second from last quarter of 2020, home deals in Kolkata saw an improvement, despite the fact that new gracefully kept on staying under pressure in view of the common economic situations, as per information accessible with PropTiger.com. As indicated by Real Insight Q3 2020, a quarterly examination of India’s eight prime private business sectors in India by the property financier firm PropTiger.com, home deals in Kolkata during the July-September time of 2020 expanded 88% when contrasted with the past quarter. A sum of 2,479 new units were sold in the West Bengal capital during the quarter. The moderate portion keeps on driving interest in Kolkata, with 57% deals moved in the not as much as Rs 45-lakh classification. Value development in Kolkata has likewise been level. This makes Kolkata the second most reasonable lodging market after Ahmedabad among the eight urban communities remembered for the quarterly investigation.
Mani Rangarajan, Group Chief Operating Officer of Housing.com, Makaan.com and PropTiger.com said: “Consumers continue to view real estate as the most stable asset, and many of them are looking to upgrade their homes because working from home may continue. Although the Ma States such as Maharashtra have lowered stamp duty rates for real estate transactions, financial institutions have also lowered housing loan interest rates below 7%. The developer community is not only ensuring that buyers can use virtual tools to book future houses, It also offers holiday discounts and easy payment plans.”
