Looking to invest in Kolkata’s luxury market? In an exclusive webinar with Housing.com during the Mega Home Utsav 2020, Kolkata-based Merlin Group introduced their new project, Merlin The Fourth. The developer firm is offering premium units, close to the IT hub near Salt Lake Sector V. This is a new project by Merlin and is slated for possession in 2025. Interested home buyers looking for an aspirational lifestyle, can opt for 3BHK or 4BHK units of 1,563 sq ft to 2,636 sq ft.
Piyal Mukherjee, sales head and Divyansh Sony, sales manager, at Merlin Group, gave the audience a comprehensive look into Merlin The Fourth, which is a West Bengal Housing Industry Regulatory Authority (WBHIRA)-compliant project. The Fourth offers luxury condos off Sector V and is inspired by the cool urban vibes of the 4th Avenue. For those looking to stay close to their workplaces, this is a suitable project, because it is an emerging cosmopolitan hub that is close to not just job markets but medical institutions, too. It is in front of a 1,000-acre natural lake, which lends a unique view from the property.
Despite COVID-19, the Group was not anticipating any delays.
Addressing a user query put forth by Naina and Deepak Roy, who asked how the company would manage a purchase by NRIs, such as them, who may not be able to visit India, because of the current conditions, Sony said that Merlin Group had a specialised team looking to assist NRIs and domestic home buyers and that they were well-equipped to help people shortlist their dream homes and finish the booking process online completely.
Mehrunisa Goswami revealed the mood of the market when she asked if this was right time to buy. “Are you expecting the centre to roll out incentives for first-time buyers in the Budget 2021?, she asked. Responding to her, Mukherjee said that it was the right time to buy and that the market had picked up, in terms of demand and sales. In the last two months, there has been a change in the market and sales were encouraging, for the group. Mukherjee also added that with home loan rates being rationalised, there was renewed interest in the property market. Two years back, the home loan interest rates was somewhere around 10% while it is 6.9% now, which is a welcome change for prospective buyers.
Mukherjee also attributed the growth and positivity within the market to the government initiatives, such as the Pradhan Mantri Awas Yojana (PMAY). At the same time, the panelist said that the authorities should look into rationalising stamp duty across cities and keeping it the same. The Union Budget of 2021 may come up with a few pleasant surprises such as this one, he hoped.
To watch the webinar, click here
Check out properties for sale in Salt Lake Sector V
