Kolkata, famous as the City of Palaces, is fast shedding its image of being a city of heritage buildings. Today it boasts of a dozen of skyscraping buildings, no less than its counterpart metropolitans of Mumbai and Delhi. Bangalore real estate is having a number of options to invest in.
The picture becomes especially exciting when these buildings are developed for the purpose of housing. “Real estate can be developed in two ways: vertically and horizontally. Looking at the soaring land prices, it is not feasible for developers to expand horizontally around the city. That’s why, vertical development makes sense for developers, and to the users as well, said a senior official of a Kolkata-based real estate group.
As for building permissions and approvals, the city authorities have not only expressed willingness but also come up on its own to promote the concept. The Kolkata Municipal Corporation, recently, called for an expression of interest for the construction of a 50-storeyed residential property on Eastern Metropolitan Bypass. The proposed building would be the tallest one in India.
By far Unitech Heights, with 40 storeys, in South City is the tallest building in Kolkata real estate. Hiland Park and AkankhaKrishnachura follow Unitech Heights with their 28 storey residential skyscrapers. Ideal Heights near Sealdah and Sankalp at New Town make an ideal preposition for those looking for luxurious living. There are 2 BHK flats in Bangalore which is offering facilities like wi-fi, health clubs, auditoriums, conference room and swimming pools surrounded by lush-green parks.