Property prices in Kolkata see a minimal growth of 2% in Q3-14 over Q2: Report
99acres.com Insite is a quarterly report focusing on buying and rental price trends in residential real estate across 7 major cities of India.
The report said the annual comparison shows anappreciation of 8% in capital prices comparing Q3-2014 over Q3-2013.
Rentals of a 3 BHK unit have also witnessed an appreciation with yearly comparison showing 3% progress in Q3-14 as compared to Q3-13.
Commenting on the report, Neeraj Sharma, Senior Vice President-Sales, 99acres.com said, “The growth in Kolkata Real estate market is dependent on the completion of the metro network expansion project and the improvement in IT infrastructure as well as the job scenario. Given the state of affairs in the aforesaid parameters, this year too, the city is set to experience a slow growth pace of 2% , emulating last year’s growth trajectory.“
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