Demand for new affordable segment stable in Kolkata
Real estate advisory firm Knight Frank, in its latest report, has mentioned that despite a dip in the number of new launches in Kolkata’s residential market last fiscal, it has not affected demand for the affordable and mid-segment housing.
Kolkata’s residential market is expected to remain stable for the coming quarters of 2012-13. There has been 61 per cent absorption in the affordable and mid-segment homes with ticket sizes less than Rs 50 lakh.
Currently there are around 42,000 residential units under construction in the city and its surrounding areas, out of which nearly 8,000 units are slated for completion by the end of this year.
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