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Key Factors Influencing the Real Estate Buying Trends at Joka

10 April, 2021

Real estate trends have evolved during the last few years in Joka. Residents are moving away from rental homes towards the establishment mindset of “being settled” through home purchases.

Joka has set a new benchmark when it comes to real estate purchases. It has been offering a variety of residential projects from budget-friendly apartments to premium bungalows. The home buyers who have set foot on Joka came with a demand for a good home at a reasonable price with modern amenities and standard conveniences.

Following are the highlighting factors that influence the real estate trends in Joka during recent times:

Emergence as the most preferred location for residence in South Kolkata

Areas like Behala, Thakurpukur, Taratala, Sakherbajar do not have a planned neighbourhood and cannot provide open space for comfortable living. They are highly congested with busy markets and narrow roads. So home buyers who are seeking out a new home in South Kolkata not only need a social environment but also a place that is having the essence of openness. Besides, people residing in areas like Aamtala want to move closer to the city and enjoy better community living. Thus, the preference for Joka comes as the area sustains all the convenient necessities for perfect family life.

Offering a wide variety of affordable living

Most of the residential projects in Joka come in an affordable price range. There are not many premium properties that will keep home buyers in a doubt before purchasing a property. The only premium property is the most high-end bungalows are at Gems Bogainvillas. This makes Joka the most preferred residential location for home buyers belonging to the upper and lower middle-class categories. Additionally, they can live close to the city by maintaining their social status and daily needs.

Joka Metro Station

The Joka metro has become one of the key factors that influence the residential property buying trends in Joka. Without the metro, Joka would have been out of the radar of the home developers. As a result, many developers life Gems Group, Srijan, Godrej, Siddha and other builders have seized the opportunity to make residential projects in and around Joka Metro owing to the large land space available. Moreover, Gems City offers its residents a dedicated bus for commuting to and from the Joka and Tollygunge metro stations.

Requirement for open space and a better lifestyle

Most families prefer a home located away from the crowded city. Besides, the basic life amenities are also a necessity. In this regard, Joka offers residential homes with open spaces offering gyms, parks, gardens, club house along with the availability of basic commodities for daily life. As a result, growing families get enough space for their children to grow while having a club house for their own amusement.

A great choice for the nearby residents in Joka

People residing in Joka who are in search of new homes do not have to face the hassle to move to the areas like Garia and Tollygunge which are not only far away but also amidst the hustle and bustle of the city. Residential projects life Gems City gives them the facility to reside within their familiar locality with modern amenities at an affordable range.

Facilitating secure living in a gated community

The residential projects in Joka like Gems City, offer all facilities and conveniences for a homely stay within a gated community. This is the most important home buying factor as most apartments available in Joka of comparable sizes and facilities, do not have a gated community. Also, the convenience of getting on-call doctors, 24×7 medical assistance, basic requirements like groceries and drinking water within a gated community is the biggest advantage of residing in Gems City, Joka.

Easy availability of home loans

Considering the price range, easy availability of home loans and flexible payment schedule are the key drivers of the final decision of the home buyers. These offers work in such a way that the bank finances the developer on behalf of the buyers, who later have to repay the bank. Popular residential projects like Gems City offers home loan facilities. Such benefits are unavailable during apartment purchases in stand-alone buildings or second-hand properties.

Wrapping up

Buy looking at the above factors that influence buying decision for residential projects in Joka, it can easily be concluded that the buying decision is based on the following elements:

  • -Location advantage
  • -Growing families
  • -Affordability
  • -Commuting facilities
  • -Connectivity facilities to the city
  • -Lifestyle influenced
  • -Desire for open spaces
  • -Upward social mobility, and Need-based.
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