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1. Why it is important to have a rent agreement while renting out the property?
One of the newest trends prevailing in the real estate sector in the city is finding a great deal of house for sale in
Kolkata and then renting it out for getting income steadily for a long time. A properly crafted and signed
agreement is one of the must-haves in this respect. Here are few insights on the matter.
At present real estate is one of the emerging fields no doubt with every one eyeing on the prospect of the sector.
There has been an increase in the interest of the people to find out a favourable deal on house for sale in Kolkata.
At the same time several projects dealing with property in south, west, east and north Kolkata have come up to
make way to the increasing demand. Buying a property is no more directed towards building one’s sweet home
but it has gained more importance as a preferable investment option for individuals of various age group and
professionals from different walks of life. One of the important objectives towards buying a property is to put it on
rent and create a long term source of income. That is indeed a lucrative option.
Renting out one’s property on rent is a popular option but at the same time there are some important
considerations to be made, the foremost being having a well formulated agreement for renting. The agreement
must entail all the required terms and conditions. The relevant details of the parties involved in the transaction.
The agreement should be such that it must safeguard the interest of both the property owner and the tenant. If at
the time of formulating the agreement the relevant points are not scrutinized and made transparent enough then
there are chances that afterwards legal issues might crop up and create unnecessary hassles.
The most important aspects happen to be conducting background check of both the owner and the tenant. The
terms of payment should be well defined as that stands out to be the root cause for all the major problems. The
terms include the specific date for paying the rent, bearing the maintenance charges; pay the utility bills like
electricity bill, telephone bill, security deposit, refund and several other intricate points. Lastly, one should clearly
mention the tenure for which the property would be rented out. Normally the agreement is signed for 11 months.
The notice period and the clauses to be followed if either of the parties wants to cancel the agreement before
time should also be made precise in the agreement.

2. How Kolkata is opening up with new avenues in the real estate sector?
Kolkata is growing to a great extent making way to a great scope for the real estate sector in the city. There is
huge demand for 2bhk flats and houses for sale in Kolkata. Here is a brief overview on the current scenario.
The realty sector in Kolkata is showing a major hike and hence the time is indeed ripe to invest in the sector. This
is no doubt going to offer a positive effect in terms of the ROI. This also bears enough testimony that the
cityscape is growing tremendously. Investing in the real estate in the city has much potential to yield great profit
and there are multiple reasons for the rapid pace of development in the sector. The development can be
observed across the city and the key areas where the demand for 2bhk flat in Kolkata is at its peak are
Ballygunge, Belvedere, Southern Avenue, Park Street, and Lower Circular Road and so on.
Although, these places are quite considered as the posh ones and the prices of properties are far higher over
here. Still, it didn’t create much impact on the buyer’s preferences of looking for house for sale in Kolkata over
here. The areas, such as Garia, Kalikapur, Ajoynagar, Behala, Thakurpukur and many others are some which are
although not very near to the heart of the city but still among the popular demands for having flats, stand alone
buildings, farm houses and plotted lands. The development of transportation networks, upcoming metro routes
and construction of Bypass connectors and flyovers have created great potentials for these spots and connected
them simultaneously to the throbbing city heart. Rajarhat, Newtown, Tollygunge and Howrah are also some of the
areas which are also very much in demand. Hence, the city is growing making way to a better lifestyle. That’s a
welcome change for sure.

3. Do you know the real estate situation of Kolkata?
In the last few years the real estate scenario of Kolkata has seen a huge change. The residential flats are
available in variety of rates depending on several factors.
In the last few years the real estate scenario of Kolkata has seen a huge change. However, the real estate
scenario in North Kolkata is very different from South India.
South Kolkata is the commercial hub of the city. Owning to several offices there, people too want to stay in places
nearby. Along with the increasing population, number of residential flats is also increasing in the southern part of
the city. The residential flats are available in variety of rates depending on the number of rooms in the flat. The
rate of flats is also decided depending on the location of the flats. The rates of residential flats in Kolkata can be
highly divided into two different groups. One group of residential flats is constructed keeping in mind the middle
class whereas some flats are meant for the elite class people.
With Rajarhat emerging as the new IT hub, the property scenario in North Kolkata is very interesting. Since last
few years, several NRIs are investing in Rajarhat. The IT employees also prefer to stay in Rajarhat and New
Town as the IT sector is nearby. The land cost here is also quite high.
New projects of apartments are changing the look of the city’s southern part. New apartments are being built in
South Kolkata. New residential flats are coming up in places of old individual houses. This practice is very much
common in areas like Ballygunj, Tollygunj, Mahestala, New Alipore, Behala, Joka, etc. In fact, there is a
mushroom growth og flats all over Kolkata.

4. How are apartments in South Kolkata raising the luxury meter?
South Kolkata is considered by many as a favourite residential place. Hence one can find several flats for sale as
well as luxury apartments here.
South Kolkata, being the commercial hub of the ‘City of Joy’, is also hot favourite as the residential area. With too
many offices in this part of the city, people wish to have their homes nearby so that journey to their office
becomes easy.
With more and more offices being set up, the real estate scenario of South Kolkata has changed a lot than what it
used to be ten years back. If you are an outsider and want to settle down in this part of Kolkata, a newspaper or a
broker will help you get good flats which are for sale in South Kolkata. You may choose a flat according to your
requirement and budget.In some cases, these flats are second hand, sometimes they are grand new.
Many people, who are in need of money, give up their individual houses to contractors for construction of flats.
They themselves get a flat in that apartment and also get lump sum of money from the contractor as a price for
the land. The flats which are for sale in South Kolkata have their price tag fixed according to their location, facility
and of course luxury meter. The second hand flats are comparatively less costly than the new ones.
A number of posh apartments have come up in different parts of South Kolkata. There are several apartments in
South Kolkata which have really increased the luxury meter of Kolkata lifestyle. The South city apartments, the
upcoming Hiland Greens, the Eden City, and Riverside are all super posh apartments in South Kolkata.