In recent years, Kolkata has emerged as a hotspot for real estate investment, attracting attention from both domestic and NRI investors. With a plethora of new projects dotting the city’s skyline, NRIs have a unique opportunity to leverage these developments and fulfill their dreams of owning a property in their homeland. One such promising project is Emami Aastha by Emami Realty, nestled in the serene location of Joka. In this blog, we explore how NRIs can capitalize on this opportunity and make their investment aspirations a reality.
Exploring Emami Aastha at Joka:
Emami Aastha is not just another real estate project; it’s a manifestation of luxury living combined with tranquility. Situated in Joka, a rapidly developing area of Kolkata, this bungalow project offers a perfect blend of modern amenities and natural surroundings. Spread across acres of lush greenery, Emami Aastha promises a life of serenity away from the hustle and bustle of the city, making it an ideal choice for NRIs seeking a peaceful abode in Kolkata.
Why Invest in New Projects in Kolkata:
Kolkata’s real estate sector is witnessing a significant transformation, fueled by infrastructural development, economic growth, and a burgeoning demand for quality housing. NRIs’ looking to invest in New Projects in Kolkata can benefit from the city’s strategic location, rich cultural heritage, and affordable property prices compared to other metropolitan cities in India. In 2023, Kolkata’s real estate market witnessed unprecedented growth in both the residential and office segments. According to a Report published in Hindustan Times dated 28th Feb, 2024, Kolkata has witnessed the highest rise in average housing prices at about 30% in 2023 compared to 2021 levels. This robust growth is underpinned by a notable uptick in housing demand, particularly in the mid and luxury housing segments.
Leveraging Emami Aastha for NRI Investment:
Emami Aastha presents a golden opportunity for NRIs to invest in Kolkata’s real estate market. Here’s how NRIs can leverage this project for their investment endeavors:
- Location Advantage: Joka, where Emami Aastha is located, is witnessing rapid infrastructural development, including the expansion of metro connectivity and proposed commercial hubs. This bodes well for future appreciation of property values, making it a lucrative investment destination. Emami Aastha is just a stone throw distance from the Famous SwamiNarayan Temple. Emami Aastha is situated on Diamond Harbour Road, 4.6 kms from Joka Metro, 4 kms from IIM Calcutta, 4.6 kms from ESI Hospital etc.
- Luxury Living: Emami Aastha offers elegantly designed bungalows equipped with modern amenities and facilities such as landscaped gardens, clubhouse area, amazing floating cafe, lake with paddle boat, serene Yoga deck, star gazing deck, 24/7 security and many more. NRIs seeking a luxurious lifestyle can find their perfect retreat in these meticulously crafted homes.
- Transparent Transactions: Emami Realty, the Real Estate arm of Emami Group is known for its transparency and credibility, ensures a seamless investment process. From documentation to legal formalities, investors can rest assured of a hassle-free experience, thereby instilling trust and confidence in their investment decision.
- Potential for High ROI: A report published in Business Standard dated 3rd Jan,24 notes that Kolkata’s real estate market witnessed a robust demand throughout 2023, driven by the continuation of the stamp duty rebate. A total of 14,999 residential units were sold, showcasing a significant 16 per cent growth in sales volume over 2022. This represents a notable recovery from a 10 per cent decline observed in 2022 compared to 2021. With Kolkata’s real estate market on an upward trajectory, investing in Emami Aastha holds the promise of handsome returns for NRIs. Whether it’s for rental income or long-term appreciation, this project offers a viable avenue for wealth creation.
As NRIs look towards their homeland for investment opportunities, Kolkata emerges as a compelling choice with its burgeoning real estate market and promising new projects like Emami Aastha. By leveraging such projects, NRIs can not only fulfill their dream of owning a property in Kolkata but also secure their financial future. With Emami Aastha, NRIs can embark on a journey towards building their dreams in the vibrant city of Kolkata, where luxury meets tranquility amidst nature’s embrace.
