Does the MCLR Rate Hike by Banks Signal Higher Interest Rate Regime?

mclr rate

Kolkata-based businessman Akash needed a home loan but the recent move by the State Bank of India — the nation’s largest bank — has made him anxious about the idea of applying for a bank loan. Not just Akash, loan borrowers all over the country are worried about the possibility of home loan rates going […]

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Some Great Locations to Buy Flats in Kolkata for Investment

buy flats in Kolkata for investment

As spaces for new development in mainland Kolkata shrink with time, locations around the fringes of the city are rapidly emerging as the nerve centre of Kolkata’s real estate investment, promising impressive returns over a mid to long-term time spread. These areas, which have already grabbed the attention of real estate investors, are increasingly becoming […]

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Why Waiting for Lower Property Prices in Kolkata Can Be Disappointing

property prices in Kolkata

The Indian government’s decision to withdraw notes of Rs 500 and Rs 1,000 was intended to attack the black economy, keep a tag on transactions, and minimising cash transactions. A natural corollary to this was a likely hit to the real estate sector, which, for long, has been considered a refuge for unaccounted money. The […]

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Buying a Flat in a Residential Complex vs Standalone Building in Kolkata: the Pros and Cons

Buying a flat in Kolkata

Sharmila returned to Kolkata after spending 6 years in Mumbai. She was divorced with one lovely 4-year-old daughter. An economist by profession, she was a little worried about career opportunities in Kolkata. It was exactly six years since she came to live in Mumbai with her ex-husband Sudip and pursue her dreams of chasing a […]

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