Siliguri now needs development of Good High End Residential Housing Complexes !!- GFS Realtors

The Focus everywhere has been on Affordable housing and we see that most of the Builders and developers across the country and rushing towards Launching affordable housing..Just reading and listening on news is making everyone run the rat race. And so is Siliguri..

What everyone is missing out is the dearth of high end residential accommodation in Siliguri. Over the years Siliguri has seen the development of periphery Location in terms of Mid Segment flats. But not many of the builders have tried their hands at developing high end Residential Complex in the periphery of the City.

What is interesting is the fact that success has been achieved in the mid segment flats in places like Champasari, Salbari, Matigara, Kadamtala, Salugara, etc and now builders are planning mid segment flats also in the heart of the city like Jyoti Nagar, Punjabi Para, Bhanu Nagar, Near Nirmala School, etc.

The result has been lot of options in that Segment but very few option in the High End Flat Segment. Siliguri was mostly concentrated for high end flats about 7-8 years back and saw the development of Residential Flats Like Club Town, Model Town, Green Valley, Uttorayon, Green Vista, etc and all turned out to be out and out successful.

Currently the Focus has shifted mostly to Mid Segment Flats. Due to Lack of development of good apartments people are slowly shifting and thinking about own house development and same has led to spurt in development in locations like “uttorayon”.

What needs to be understood is that Siliguri still has a high potential in High End Apartment Segment. Any new Project coming up in that Segment, if it can be built with good Vaastu orientation than it assures to be a great Success.

SBI has yesterday made Home loans above 75 Lakhs further Cheaper. The Prices in Siliguri are still around Rs. 3000 per Sq. ft and have full potential to touch the Rs. 4000 per Sq. Ft rate in the days to come. RERA would also ensure that only serious players with good track record and ability to deliver quality would sustain. GST Promises to make things more transparent.

Its time for Builders to think on the line of developing High End Residential Complex with latest Amenities both within the Town and also in the periphery. If People in the Mid Segment can meet the challenge of staying in the periphery than the people in the High end Segment can Surely do it..

Are the Siliguri Builders ready to take the opportunity.. Definitely Yes !!!

CA. Sanjay Goyal, GFS Realtors, Siliguri.

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