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Uncertainty atmosphere still covers realty Projects in Kolkata

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It was a change of power after 34 years in Political history of West Bengal but the merchants of realty are still waiting for their turn since no sign of any change has appeared for the most challenging realty business of the state. According to the sources of www.propertykhazana.com there was very less improvement in project launch in the eastern metro as compare with the calculation of the previous year. The main reason behind this fall down of numbers is considered for the no appropriate fast track module for the project approvals and other related processing of clearance.
The volume of supply has steeply come down in lieu of elections agenda and the same is continued after the power has change to other campus. Many realty developers of the state complain about the inactiveness of the government officials over the concern of the project approvals but they are hopeful in coming 3 – 6 months. For this current year only 4600 apartments has touched the property market in Kolkata as compared to that of 8900 at the previous financial year. But despite any progress in project launch the rate ratio of property is on the satisfactory rise of 15 -20 percent rise in the market.
Source: Press Trust Of India

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