Calcutta Real Estate ... 
  Should I rent or buy a property in Calcutta?
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Calcutta Real Estate Calculator

Finding a Home In Calcutta
If you plan to rent or buy a property in Calcutta, finding your property will be a major step in your relocation to Calcutta. If you have not lived in Calcutta, you should rent rather than buy your property in Calcutta, at least for six months. If you would like to rent or buy a real-estate property in Calcutta you may email us at webmaster@india-travel-guide.de with your real-estate questions.


It is the best way to know not only if Calcutta is the place you want to live or retire for the next few years, but also if Calcutta is suited for you.

Apartments & Houses in Calcutta
If you are planning on living in Calcutta, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don’t count on real-estate agents in Calcutta to point out the negatives of a place they’re trying to rent or sell you.

Calcutta Agencies
Real-estate agencies in Calcutta advertise in local Calcutta newspapers and as well on their office windows.

You should be able to notice a real estate agency in Calcutta by the window full of ads for the different apartments or houses they have available for rent or sell in Calcutta.

Before you begin working with an agency in Calcutta, check that their fees are acceptable and that they are a member of the Calcutta Real-estate Assocation. In most rental agreements in Calcutta most agencies charge a month’s rent for a twelve-month rental agreement.

When selling a property in Calcutta, real-estate agents in Calcutta usually charge between 2.5% and 3% of the final sales price.
Monthly rent Calcutta:€
Monthly Calcutta rental insurance:€
Expected annual inflation rate in Calcutta:  %
Purchase price of property in Calcutta:€
Down payment amount:€
Length of Calcutta mortgage term (years):#
Calcutta Mortgage's annual interest rate:  %
Discount points on purchase of home in Calcutta:  %
Origination fees:  %
Other loan costs in Calcutta:€
Mortgage Insurance (PMI):  %
Calcutta Homeowner's insurance rate:  %
Monthly association dues in Calcutta:€
Average monthly maintenance of Calcutta property:€
Calcutta Annual property tax:€
Calcutta plus government income tax rate:  %
Interest rate you expect to earn on savings in Calcutta:  %
Expected percentage your Calcutta home will appreciate by each year:  %
Number of years you will stay in Calcutta:#
Calcutta Realtor commission rate:  %
Total estimated cost of renting a property in Calcutta:€
Total estimated cost of buying a property in Calcutta:€
After coming to an agreement on a rental or purchase, both parties in Calcutta sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Calcutta with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Calcutta will be affixed to the agreement.

Renting
Real estate agencies in Calcutta are the safest way if you want to rent or buy a property in Calcutta. Please make sure they are a licensed agent in Calcutta and very familiar with the Calcutta property market.

Local newspapers in Calcutta also advertise apartments and houses for rent, but word of mouth is the best way in Calcutta. If you are currently an academic in Calcutta, you could check local at local universities in Calcutta, where apartments or rooms for rent are commonly posted.

In general rental rates in Calcutta, increase by a small percentage each year in accordance with the government’s annual cost of living reports in Calcutta. You can find yearly leases in Calcutta, and more short-term housing is available near academic institutes or around tourism areas within Calcutta.

Short-term tourist housing in Calcutta is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Calcutta.

If you want to buy a property in Calcutta, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Calcutta to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Calcutta.

If you are buying a brand new property, you’ll need to pay property tax in Calcutta. If your purchase is a luxury property, you may have to pay local taxes in Calcutta and possible stamp duty.

Even as a non-resident homeowner in Calcutta, you may become liable for all kind of taxes in Calcutta, including income tax.

Calcutta Mortgages
If you plan to take a mortgage in Calcutta you need at least a 20% downpayment of the purchase price of the property in Calcutta. Even if you generate rental-income from renting your Calcutta property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Calcutta Real Estate calculator will help you to compare the costs of renting a house or condo in Calcutta to the costs of buying a house or condo in Calcutta. Since there are all kinds of forces at work behind the scenes such as the current interest in Calcutta, Calcutta property taxes, tax savings, appreciation in general to investments in Calcutta, comparing the cost of renting to the cost of buying in Calcutta is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Calcutta Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Calcutta.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Calcutta

  • Calcutta Multi-Family
    Traditional, multi-family residential complexes located in Calcutta and suburban markets of Calcutta.


  • Calcutta Mixed-Use
    Properties in Calcutta that integrate and combine residential with different uses, including retail and office spaces.

  • Calcutta Office
    Traditional office or office type properties in Calcutta.


  • Calcutta Retail
    Properties in Calcutta with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Calcutta.


  • Calcutta Light Industrial
    Single- or multi-tenanted spaces in Calcutta used for warehouse, manufacturing, distribution, or research and development in Calcutta.

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