Ranjana and Smithesh, both in their mid-30s, are the kind of couple many would call “settled.” Working in reputed IT firms in Salt Lake Sector V and living in their own 3BHK apartment in New Town, they have achieved what most urban couples dream of by their early thirties.
They earn a combined ₹1.5 lakh per month and have no rent to pay. Their EMIs on the current flat are modest, expenses are in check, and they have decent savings in fixed deposits and mutual funds.
But lately, over their morning coffee, one conversation keeps coming back:
“Are we doing enough to grow our wealth? Should we consider a second property?”
Shruti, always practical, points to their mutual funds. Arjun, more inclined toward tangible assets, believes real estate could offer better control and returns — especially in a city like Kolkata, where prices are still affordable and steadily appreciating.
Turns out, both of them are right.
Kolkata remains one of India’s most value-for-money metro cities for property investment. With infrastructure growth, metro expansions, and large-scale township developments, the city is attracting more homeowners and investors alike.
For someone like Ranjana and Smithesh — with no rent burden and a stable income — investing in a second property is not just possible, but strategic.
A comfortable EMI range for investment: ₹40,000–₹45,000
At an interest rate of ~7.5% for a 20-year loan, an EMI of ₹42,000/month gives them eligibility for a home loan of approximately:
Here are some ideal locations with potential for capital appreciation + rental income:
They already have mutual funds and FDs. A physical asset adds stability and low volatility to the mix.
Real estate creates a fallback option — whether for future use, rental income, or resale.
A rented apartment gives monthly returns, even while the asset grows in value.
A second property can be gifted to children, serve as a retirement asset, or be used as a second home.
Home loan EMIs come with significant tax deductions. That’s money saved and invested
Ranjana and Smithesh realized that their current financial comfort isn’t the destination — it’s the launchpad. With thoughtful planning, they’re now on their way to owning a second flat in Madhyamgram, with possession due in 2027.
They still enjoy their Sunday brunches, their weekend Netflix binges, and their mutual fund SIPs — only now, they do it knowing that they’re also investing in something that’s solid, smart, and steadily growing.
Because in the journey of wealth creation, a second home isn’t a luxury — it’s a strategy.
