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Top 5 Localities For Real Estate Investment In Kolkata
Are You looking to Buy a House in Kolkata? Want to Invest Money in Real Estate in Kolkata, but not sure which is the better location to invest?
Let's Find the Answer
Kolkata – the city of joy is one of the most affordable real estate destinations in India, when compared to other metropolitan cities in India. With that being said, there are number of leading real estate developers who resides in Kolkata, known for developing quality homes. Investing in real estate in Kolkata makes it a wise decision as the rates are very low and one can own a branded property and earn high returns that are as good as any other city.
To help you in your search, we did a lot of research and listed five localities in Kolkata where the demand for properties is highest.
We have made our own metrics to rate the locality as per how suitable it is to live and ranked the localities in the scale from 1 to 5, with 5 being the highest and 1 being the lowest.
Average price: ₹5,061 per sq ft
As Wikipedia says New Town is a fast-growing planned satellite city of Kolkata. ...
... Most Popular suburb in Kolkata, New Town is the new information technology and residential hub which is being developed on the north-eastern fringes of Kolkata. The locality is itself a complete city comprising residential lo
calities, commercial centres and corporate complexes. Newtown is also well connected to the key areas, such as Salt Lake and VIP Road. The Kolkata International airport (DumDum Airport) is just 4 kms from New Town, which will soon be connected through a Metro line.
The area has a number of upcoming residential projects, including Merlin The Fourth, Purti Veda by Purti realty, Rajwada Groups etc. The property prices here start from ₹50 lakhs and can go up to ₹2 crores.
Average price: ₹4,120 per sq ft
Rajarhat is a well-established suburbs in the city located in the north of Kolkata,comes in Bidhannagar Municipal Corporation. It is surrounded by some of the key commercial areas, including New Town, Dum Dum and Keshtopur. Lying just on the periphery of the planned New Town, Rajarhat-Gopalpur has seen huge boom in real estate development. The locality has well-developed infrastructure, including healthcare centres and educational institutions.
Property options available in Rajarhat include 2, 3 and 4BHK units, mostly in apartment projects such as Purti Aqua 3, Merlin Urvan, Realtech Nirman - Hijibiji and many others. The property prices generally here start from ₹42 lakhs.
Average price: ₹3,560 per sq ft
Howrah is one of the prominent localities in Kolkata, located on the south bank of the Hooghly River. Completely connected with roads and railways and the locality will soon get connected through East-West Corridor (Line-II) of the Kolkata Metro. Moreover there will be the first under-water Metro tunnel that will lead to Howrah. This old locality has well-established infrastructure.
Howrah is among the most developed suburbs in Kolkata where top builders like Shapoorji Pallonji, Merlin and Shree Balaji already have their projects established. A 1BHK is available here at a starting price of ₹23 lakhs while a 3BHK is available at ₹50 lakhs.
Average price: ₹2,900 per sq ft
Another locality becoming hotpsot for affordable housing on the Kolkata Metro mapis JOKA. It is an emerging and affordable property market. It is located in the south-west of Kolkata. This region is also famous as it houses the Indian Institute of Management. The locality offers property at an affordable prices . The locality is still in a developing stage. Besides IIM Kolkata, the locality also has many educational institutions and healthcare centres.
As Joka is still in developing stage it has projects from all the leading developers, including Godrej, Merlin, Solaris and many more. Mostly the demand is for 2bhk and 3bhk apartments, which builders are taking care of. The apartments are available at a starting value of ₹34 lakhs.
Average price: ₹ 2,725 per sq ft
Barasat is also an emerging locality, located on the outskirts of the north of Kolkata. The locality is offering properties at affordable prices. One major highlight of this locality is, it will soon be connected to the Kolkata international airport through Kolkata Metro network (Line-4). This major development makes this locality a hotspot for real estate investing in kolkata. In the near future there will be a significant hike in demand of properties here, and thus escalating property prices.
This locality not only has apartment projects but also builder are making number of villa projects in this area with an intention to make it more luxurious yet affordable living. The 2bhk apartments starts here at around ₹25lakhs.
Concluding the above article, it seems Kolkata has huge potential for Real Estate investors to invest their money in a secure and traditional scheme and expect a ROI of unimaginable percentage taking their hard earned money to grow to sky heights.
For Real Estate Consultation and Investing Advices, Visit www.510earth.com , Kolkata’s best real estate consultant and agents.
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