With spurring of urban development and increased income, the year 2023 will see a significant rise in the luxurious residential properties in Kolkata. Know more about the reasons responsible for the accelerated growth of residential properties in Kolkata in the year 2023.

1. PS PROJECTS
Luxury Real Estate Industry About to Take A Leap in 2023

2. About PS GROUP
● Trusted for over three decades with luxurious residential properties
in kolkata and serving people with trust.
● Real estate industry faced a setback due to the pandemic.
● There was a gradual rise in real estate industry in 2022 and it is about
to take a leap in the year 2023.
● Urbanization , career mobility and sustained infrastructure will fuel
the growth of the real estate industry in the future.

3. INCOME IS DIRECTLY PROPORTIONAL TO INVESTMENT
● Growth of real estate will hover in the range of 8-9%.
● Repo and reverse repo rate reduction by Government led to liquidity
injection and accelerated growth.
● Leasing office spaces will see an increment growth.
● Healthy economic outlook is responsible for the economic growth
and income increase.
● Increase in income backed by low home loan rates leads to more
investment in housing properties.

4. URBANISATION
● Urbanisation has accelerated demand for both commercial and
residential properties.
● People are becoming more aware of the upsides of owning
properties and are actively making investments for their future
● Houses/Apartments priced between 50-75 lakhs have a larger
market share in kolkata.
● There is a 2% decrease in stamp duty.
● The graph for real estate has potential for further upswings owing to
the demand of the population and their desire to own
houses/properties.

5. SUSTAINED INFRASTRUCTURE
● Sustained infrastructure measures will improve the real estate
market.
➢ Sustained infrastructure investments.
➢ Increased connectivity.
➢ Better job opportunities.

6. COVID-19 IS INVERSELY PROPORTIONAL TO REAL ESTATE
● Real estate market faced downfall in the year 2019-2020 due to
pandemic.
● The industry saw an upward trend starting from 2022.
● People are now investing in real estate with their own personalised
interiors and location.
● Kolkata has notched up more revenue sales in flats in the first
quarter of 2022

7. Thank You