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It is true that Kolkata real estate market is an end user driven market but there are two aspects of note. Firstly demand for affordable housing has increased because of the large quantum of population but with influx of multinationals and IT industry flourishing in the state, professionals have migrated offering boost of the overall realty sentiment. While some areas have witnessed more interest than the congested north Kolkata and other areas. The good news is that there is no oversupply so correction in prices is not foreseen. However consider the positive spike to be conservative between 8 to 10% on year.

The eastern suburbs of Kolkata including Rajarhat Township and EM bypass are some of the major areas attracting a large number of developers and buyers alike. Salt Lake City is another area attracting users. Sector V of Salt Lake is the IT hub of the city and has a large number of multinational corporations located in the region. Since most regions of North and South Kolkata and other central regions are all cramped for space, most new development is happening in the eastern front with regulated roads and highways and very good civic infrastructure. Impact would be positive in my opinion but as far as returns on property investments are concerned think long term. This is just a starting phase but also a good time to purchase and hold.