Is Buying a Riverside Flat in Kolkata Worth It? Pros & Cons

Do you want to live your life ‘Far from the Madding Crowd’? Well, who doesn’t? After a hard day’s work, you would like to retreat to a peaceful and serene atmosphere, your home. 

Most people are probably thinking along similar lines. As a result, there has been high demand for riverside flats in Kolkata, especially in Cossipore

Cossipore is best riverside location in Kolkata on the banks of the Ganges. The Ganges supports many activities and livelihoods. You can observe the day unfolding in front of your eyes from your riverside Kolkata apartment

What’s more? If you want a taste of luxury, no better place than these luxurious flats in Kolkata.

However, living by the Ganges is not all blissful! There are a few disadvantages as well. But first, we will discuss the advantages.  

Advantages of Living by the Ganges

Kolkata has always shared a deeply sacred and artistic relationship with the Ganges. Hindus offer their prayers and consider taking a dip in the holy Ganges, sacred and auspicious. Also, many artists have drawn inspiration from the Ganges. 

The Ganges does inspire you. It calms your mind and brings about positivity. We will now discuss more advantages of living by the Ganges.  

Peaceful Lifestyle with Ganga Views

Living by the riverside means that you get an uninterrupted view of the Ganges. The simmering white holy water, open skies and mesmerising sunrises are regular sights that will fill you with hope at the beginning of the day. 

The Cossipore area provides a peaceful environment for you to relax and unwind. So, if you want to get away from all the urban chaos, you will find these flats in Cossipore an attractive proposition. 

And what’s more? This natural setting and the luxury flats in Kolkata make you feel like you are living in a resort every day. This feeling reduces stress and improves mental well-being. 

Better Air Quality & Open Spaces

Kolkata, just like any of the other metro cities, is high on pollution. But in the Cossipore area, since it is close to the Ganges, pollution is comparatively less. 

Also, since the flats in Cossipore open Spaces  up to the Ganges, it reduces the feeling of congestion that is so common in dense neighbourhoods. You will find that there is a constant cross-current of air. 

Premium Lifestyle & Property Value

Yes, these riverside flats in Kolkata offer a premium lifestyle. You will live in luxury. The ‘Orchard Amritaya’ Premium residential project by the renowned builder, the Oswal Group, attracts premium buyers. As a result, these properties have high appreciation value. 

Also, of late, Kolkata has seen the rise of the affluent class. People drawing high salaries are not averse to paying high rents to live well. Besides, properties like the ‘Orchard Amritaya’ have high status values attached to their addresses. 

Luxury Amenities & Premium Living

Most riverside apartments in Cossipore, Kolkata, have a wide range of amenities to make living spectacular for their residents. They have gardens, sundecks, swimming pools, Kids’ play area, Jogger’s tracks, Banquet halls and a whole lot more. Some apartment complexes also have their own Amphitheaters. 

Disadvantages of Living by the Ganges

It’s very difficult to label locations as good or bad. The Flats in Cossipore have their advantages, which we have talked about in the previous section. Now we will talk about a few grey areas. 

High Cost of Investment  

Make no mistake, the flats in Cossipore will cost you a fortune. They are not ordinary flats, they are luxurious flats located on the banks of the Ganges. Also, you are not just buying a flat, you are essentially paying for the view, the exclusivity and the lifestyle branding. 

All these value additions in one place may strain your budget, more so if you are a first-time buyer. We will give you an example: The cost of 3 BHK flats in ‘Orchard Amritaya’ starts at INR 1.14 Crores. But then, you will get value for money. 

High Maintenance Costs

Living by the Ganges means that higher humidity may affect the walls, the furniture and fittings. As a result, compared to inland flats, these flats in Cossipore may require frequent maintenance. 

So, is it worth buying Riverside Flats in Kolkata?

We think that buying a flat by the Ganges would be a smart decision. Of course, you need to figure out the financial part. Where will you get the money from? Will you go for a Bank loan? And if yes, will you be able to afford the EMIs? How long will you need to repay the loan? And so on. 

On the other hand, if you value calmness, tranquillity, and aesthetics, then you should go for these riverside flats in Kolkata. 

On our part, we can say that the advantages far outweigh the disadvantages. 

A rewarding lifestyle awaits. 

FAQs

Q. Are Riverside Flats in Kolkata a good investment?

    From an investment perspective, Ganga-facing flats have high appreciation value. Which means that if the flats are expensive today, they will be even more expensive in the future. So, if you buy now and sell later, there is a potential to make a huge profit. Some people buy riverside flats in Kolkata and give them out on rent; this takes care of the EMIs. 

    Q. Which builder is best in Kolkata? 

      There are many reputed builders in Kolkata. One of them is the Oswal Group. They believe in delivering lifestyle upgrades for their clients. Their mission is to build trust and exceed customer expectations. They aim to become the leading value creator in the real estate industry. The Oswal Group’s core values include a commitment to customer delight by prioritising their satisfaction. 

      Q. What will happen to a flat after 50 years?

        When a flat reaches its lifetime, first, the condition of the flat will be assessed. If it is decided that the flat is not safe to live in anymore, it will be demolished. The land will be reused. Each flat owner would receive a legal percentage of the land. If cracks, plumbing problems, etc., appear, then repairs may be needed. 

        Q.Which areas in Kolkata are preferred by Home-buyers?

          In the last few years, home-buyers have shown an affinity for buying flats in places like Newtown, Cossipore and so on. Newtown is on its way to becoming a smart city. Homebuyers with a slightly bigger purse opt for places by the Ganga, like the Cossipore area. Here, the flats are not only luxurious but they come with a host of amenities. And living by the Ganga has its advantages. It’s a good place to relax and unwind. 

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