The Rupee is on a freefall and the doomsday predictors are out in numbers. Even as people go about scampering from the storm clouds that have so ominously covered the economic horizons, Ritwik Das, MD & CEO of city based boutique realty entity Blue Chip Projects Limited is pointing out the silver lining.
“The Rupee is today poised at a very attractive level vis-à-vis the Dollar or the Euro. This is according an extremely good opportunity to NRI’s willing to strengthen their bonds with Bengal to enter into the real-estate sector as investors. Prime properties are now available at extremely attractive price points and we are already getting encouraging enquiries from Bengali’s abroad, especially for Rajmahal” said Ritwik.
As a matter of fact, Blue Chip’s flagship project, Rajmahal, located at the heart of North Kolkata in Sutanuti is one of its kind – the prime mover of a new trend that Ritwik has taken on him to flag-off : that of Heritage Realty. “It is the ideal residing place for people craving for old Kolkata charm combined with the modern day luxury” says Ritwik. This distinctive complex has all modern amenities and is built on international standards. All the residents of Rajmahal will be honoured participators of the legendary and prestigious Sova Bazaar Rajbari Durga Puja, which started way back in 1757. At Rajmahal, one can live the legacy in the heart of heritage, amidst the creation of Royal art with the depiction of 300 years of Kolkata. As a matter of fact, Rajmahal, which reflects the glory of royal legacy, is a project never anticipated before in the city. The legacy of Rajmahal dates back to 1757, when Raja Nabakrishna Deb, the chief adviser of Lord Clive rebuilt a fort to a gorgeous palace, The Sovabazaar Rajbari – the mute witness to the growth, development and transformation of three erstwhile villages into the mega city of today.
However, it is not just heritage housing that is attracting the NRI’s – the attractive Rupee-Dollar exchange rate has made investment in the realty sector per se attractive and there are some very good projects with huge scope of appreciation that are now available. The fact that investment in land still offers the best hedge against inflation, especially in view of the gloomy global economic scenario is also making these investment opportunities a kind of a life time ventures. “The fact that eastern India in general and West Bengal in particular is awaiting its tryst with economic destiny cannot be over emphasised and the slide on the exchange front has only gone to make the prospects brighter” said Das.
For More Information contact: www.bluechipprojects.com