The real estate market of Kolkata has taken a steep turn in recent times. A recent report by a real estate firm has also revealed that Kolkata ranked first amongst all the top seven cities in terms of residential launches. Also, the moderate pricing of property and stable realty market in Kolkata makes investing here a good option.
With Government’s initiative in the affordable housing segment, the strength of home buyers in Kolkata has also shot up to a large extent. In fact, if we compile a list of recent launches, most of them took place in this segment only. So take a look at Top affordable localities to invest in Kolkata:
Rajarhat is located in North 24 Parganas district and is lying just on the periphery of the planned New Town, Kolkata. The locality has seen a huge spurt in the affordable real estate market in recent time.
Due to the thriving infrastructure and presence of many reputed schools, colleges, popular hospitals, and smooth connectivity, Rajarhat has attracted many prospective home buyers and developers in the last few years.
One has the option to choose from residential apartments ranging from 1 to 5 BHK, villas, and plots here. The average property value in the region is Rs 4487 per sqft.
Dum Dum is a city in North 24 Parganas district in the state of West Bengal. It is a part of Kolkata Urban Agglomeration. The locality falls at a distance of approximately 10 kilometers from the city center and is home to the Netaji Subhas Chandra Bose International Airport.
Dum Dum enjoys smooth connectivity to other parts of the city via a good network of rail and road transport to its residents. The NH 34 starts from Dalkhola and ends at Road which is one of the key routes to enter the city. In addition to this, Jessore Road and Road are the two major roads that connect this locality to other parts of Kolkata.
Many renowned schools, hospitals, and recreation centers are also situated further enhancing the infrastructure in this locality. The average property price in Dum Dum is Rs. 3,303 per sq. ft.
Situated in the South 24 Parganas district, Sonarpur is popularly known for being the location of the Narendrapur Ramakrishna Mission, the ancestral place of Netaji Subhash Chandra Bose. The area enjoys seamless connectivity to other parts of Kolkata via network roads and railways. Netaji Subhash Chandra Bose International Airport is 32.2 km away and can be reached through the Road.
Several educational institutions, health care facilities, and Shopping zones are located in proximity to this location.
Sonarpur has seen a spurt in affordable residential constructions as it is close to important areas of the city. The prices of Sonarpur property range between Rs 2442 and 3707 per sq ft.
An emerging affordable location, Santoshpur is situated in the Southern part of Kolkata. Areas surrounding this region include Garfa, Jadavpur, Baghajatin and the Eastern Metropolitan Bypass. The area is home to a number of top schools and hospitals. The Howrah Station is 20.1 kilometers from here via the EM Bypass, while the International Airport is 21.7 kilometers from the locality.
One can easily buy 2, 3 and 4BHK flats here at an affordable price. The average property price here is 4,271 per sq ft.