An affordable apartment in Kolkata is more than just your wishful thinking. It is possible! Even with the emerging real estate business and prices for apartment complexes rising, it is possible to find a home that fits your budget without any compromises! Don’t worry. Several mid-segment affordable housing projects in Kolkata are worth considering.

What are Some Mid-Segment Affordable Housing Projects in Kolkata?

When we say mid-segment housing, we mean modern living spaces with necessary amenities and easy access to transportation — all within the budget. Mid-segment projects balance quality and affordability. Kolkata has some mid-segment projects that cater to these needs. Among these mid-segment projects are Jade Grove and Jiva. Both the projects are under PS Group who are reputed and reliable real estate builders in Kolkata.

Jade Grove is near Convent Road. It covers 3.27 acres and has 293 three-side open apartments with all the necessary amenities. There are 2 to 4 BHK configurations to choose from. The prices, similar to mid-segment projects, for 2BHK apartments range between 99 lakhs to 1.02 crores, 3BHK apartments between 1.27 crores to 1.80 crores, and 4BHK apartments between 2.03 crores to 2.14 crores.

Phoolbagan-Beliaghata crossing is about 700m from Jiva. Jiva is specially created around nature. With 43% dedicated to water bodies, 20% to greens, and 12% to walkways, only 25% of the space is used for homes and amenities. Jiva offers 4 BHK homes surrounded by water gardens, natural ponds, and floating patios. The prices start at Rs. 2.19 Cr for 4BHK apartments.

Key Locations to Consider for Affordable Housing in Kolkata

When searching for an affordable housing in Kolkata, location is crucial. You would want to live in an area that provides convenience and easy travel. That means the place you want to live in should be well-connected with important places like markets, schools and hospitals and also support public transportation for commute.

Convent Road is close to the city center. It offers many budget-friendly flats, including 3 BHK flats in Convent Road, Kolkata. It is a peaceful locality accompanied by schools, hospitals, and shops.

Kankurgachi and Phoolbagan are very popular areas given their close distance to central Kolkata. Flats near Kankurgachi and Phoolbagan offer easy access to public transport as well as facilities like educational institutions and shopping areas are just around the corner. You can find mid-segment flats here, especially in projects like Jiva, which provide great value for money.

Tips for Buying an Affordable Apartment

Buying a budget-friendly apartment requires careful planning. You must consider a lot of things. Here are a few tips.

Set a budget - Before looking at flats, decide on a budget according to your financial situation. Keep in mind the expenses that come with housing and those that are not. Remember that you need to take care of not just the price of the flat but also additional costs like registration fees, taxes, and maintenance.

Research the area - Once you have a budget, research the areas with housing developments. Consider locations according to your standards and feasibility. Look for places with good connectivity, safety, peaceful environment and essential services like schools, hospitals, and shopping centres. Ask people who reside in Kolkata about their first-hand experiences in the areas you’re considering.

Compare projects - Do not settle on the first project you visit. Compare multiple projects to ensure you get the best deal. Both Jade Grove and Jiva stand out, but it’s good to explore other housing projects in Kolkata as well.

Check the builder’s reputation - Always choose a reliable builder with a proven track record. It is always good to ensure that the real estate companies has a good reputation and will get your flat on time and that it meets the promised standards.

What Are the Benefits of Buying Properties in 2024?

2024 is a good year to look for an apartment as it has brought several advantages for homebuyers in Kolkata. This year the government has introduced schemes and benefits for first-time buyers. This can help you save money. Moreover, many affordable housing projects in Kolkata, like Jade Grove and Jiva, are offering flats at competitive prices for now. With flexible payment plans and discounts, you can easily secure a budget-friendly home.

Conclusion

2024 is a great year to secure yourself a budget-friendly apartment in Kolkata, given the governmental schemes and real estate market. With projects like Jade Grove and Jiva that fit your needs without stretching your budget, whether you are looking for 3 BHK flats on Convent Road or near Kankurgachi and Phoolbagan, there are plenty of options available. By doing your research, setting a budget, and comparing projects, you can make an informed decision and enjoy comfortable living in one of Kolkata’s best neighbourhoods.