Real Estate has always offered luring and attractive long-term investment opportunities to the investors. And, while talking about Kolkata, it seems that the Real Estate market has never been so vibrant and fast-paced before. With the development of big townships with basic to advanced amenities, and property prices far more affordable than in places like Mumbai, Delhi, Bangalore or Hyderabad, Kolkata has outshined the so called Real Estate Investment hubs.
All the areas of New Town and Rajarhat have turned out as hot locations from the real estate perspective. These locations are capturing the interest of investors because of the presence of major shopping destinations like Axis mall, Home town and City Centre II. These areas also enjoy the establishment of attractions like Rabi Tirtha exhibition and music centre, Blue Hugly Banquet, Eco-Tourism park, etc. All this has led to the development of several housing projects like Rishi Eco View, near the Expressway and upcoming Kalshetra Metro station.
With the extension of E.M. Bypass and Metro, the entire area of Garia Kamalgachi has undergone a makeover. All the famous markets, international schools and major hospitals are in close proximity to this area. Because of these facilities, Garia Kamalgachi has seen the maximum appreciation in property prices. With the launch of new projects in areas such as Manikpur, Ramchandrapur and Baruipur, the property rate of this location has reached to the 5000 rupees per sq.ft mark.
This is a very strategically planned location that connects with major areas like Central Business District, Alipore, Elgin Road, Park Street, Dalhousie and Esplanade. Shopping malls, entertainment complexes, schools, and hospitals are also in vicinity to this location. Also, this area is closer to the airport and railway station. Being a well-connected location, Kona Express Way has witnessed the establishments of some of the biggest residential projects with facilities like landscaped gardens, club house, water body, vegetable market, stationary shops and grocery shops.
Several large-scale projects are launched in locations like Madhyamgram, Badu Road, Ganga Nagar and Barasat. Situated on the eastern boundary of the Kolkata international airport, Ganga Nagar is a location that is well-connected with Rajarhat and Jessore road. This area has received major focus of many prominent developers in the last few years.
It can be said that prominent locations like EM Bypass, Sector V in Salt Lake, Park Street, Camac Street, Rashbehari Connector and New Town have witnessed good response from builders as well as investors and led the Kolkata Real Estate market to boom like never before!
