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The ceiling rates of real estate Kolkata have been reduced and the taxes are collected by Municipal Corporation of Kolkata. The corporation has developed websites which contain all information regarding rates, bills, valuation of property, due dates, tax assessments and property. Valuation of tax is very important as tax rates in real estate of Kolkata are different for different values of land. It is not often easy to own a place for living in the city for the middle and the lower section of the society; therefore, renting a house is a feasible option for them. Home loan facilities by the banks in Kolkata provide financial assistance to people by giving higher loan approvals at low interest rates. New town and Rajarhat in Kolkata east, Kaikhali, Keshtopur, Jessore road in north, Jadhavpur, Kasba, Narendrapur in Kolkata south, have values between 3,200-2,000 per square feet. These areas appear to be most volatile in capital values and there is substantial increase in property rates there. Real estate Kolkata is the new hot spot for development in real estate developments whereas; east Kolkata faces a marginal decrease in market rates. Government is helping the citizens in residential sectors as the demand for the same is boosting up. A significant change has been felt in the real estate sector as well after the growing demand for accommodation facilities like flats low cost housing, property in lease, etc. Commercial property is also experiencing a boost in terms of development, adding to the growth of the city. With all these factors, the city is sure to witness high profits in its residential as well as commercial property sectors.

Many people buy a site after which a well drafted construction is set out. One needs a lot of understanding with the contractor and the contract should include the work details which is an important clause, kind of building to be constructed, walls, flooring, paintings, structure and fittings to be included, approvals, deadlines, charges, accessories etc, Everything should be executed on a stamp paper where the agreement is made in any contract pertaining to the Indian real estate. There are many reference materials available on Indian real estate for guidance for the estate professionals, dealers, agents and brokers in the market or for people eager to increase their knowledge about the booming Indian real estate market. Terms like Flipping which is quick reselling of any asset for gaining profit can be understood and learnt. It means that while purchasing a place if any issues relating to budget, neighborhood, crime turns up, you could get rid of the place easily soon by making quick nice profit An era of change has been witnessed with the passage of time. The use of internet and email has become so common that any information is available at the click of the mouse. Even in the field of Indian real estate the expectations have changed drastically. Earlier, a brochure was enough to provide any information but now investors want to have a clear picture of the property to be purchased and even insist on ISO certificates. Facilities like clubs, gym, parking facilities and even open spaces are considered a prerequisite. It is mostly advisable to conduct a research on the property before concluding any deal. One also needs to know about the legal issue related to property buying to be in better sync with the entire scenario. The development activities, current price status of the market, and the property index which indicates future value of Indian real estate should also be known as the need of the day is not just buying the place but leading a quality life through better planning as well.

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The Jindal group has diversified into real estate and infrastructure development. It recently launched its project called Jindal Global Lifestyle City, spread across 89 acres, in Kurukshetra. The Kurukshetra project is located in Sector 29, barely a km away from the national highway. All basic services like sewage system, 24x7 power back-up, internal roads, under-ground water tank, rain-water harvesting, landscaping are in place. The integrated and self-contained township offers green spaces, health care, school, shopping vistas, a club house and a swimming pool. Within the Lifestyle City, fully developed freehold plots in 970, 500, 360 and 275 sq. yard sizes are available. The option of built- up villas has also been provided. According to Pradeep Varshney, CEO, Jindal Realty (P) Limited, "The Company has all along pro- vided for large townships for its staff -- almost 5,000 units. We have 650 acres in Sonepat and 270 acres in Kurukshetra. The latter is being developed in two phases -- 90 acres and 180 acreas. On a trial basis we've launched the 90 acres first. We're offering 16 types of development with the option of customized development."

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