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Kolkata, the capital of West Bengal, is a vibrant city on the banks of the Hooghly River. Once the capital of British India, it's now a major commercial, cultural, and educational hub in East India. Known as the "City of Joy," Kolkata boasts well-established art, literature, drama, film, and theatre traditions. Iconic landmarks like Kalighat Temple, Dakshineshwar Temple, Victoria Memorial, and Birla Planetarium attract religious devotees and tourists.
The city's rich cultural and historical significance drives the demand for flats/apartments for sale in Kolkata. The city's efficient transportation includes bus terminals at Esplanade, Karunamoyee, and Babughat, connecting various parts of Kolkata, including Park Circus, Sealdah Railway Station, and Howrah. The Kolkata Metro Rail, from Dum Dum in the north to Tollygunge in the south, ensures safe and convenient travel.
With a population of 4.5 million and a metropolitan region hosting over 15 million residents, Kolkata is the seventh most populous city in India. Its rich history, cultural heritage, and diverse attractions make it a fascinating destination for both locals and visitors alike.
The vibrant metropolis is strategically connected to major Indian cities and towns through National Highways 2 (NH 2) and 6 (NH 6), contributing significantly to the growth and development of the real estate sector in the region.
Kolkata, celebrated for its vibrant mix of IT parks, bustling shopping destinations like Mani Square, Quest, and South City Mall, prestigious universities, and abundant entertainment choices, has earned a well-deserved reputation. Whether enjoying a delightful meal at Dacre Lane or immersing in the lively atmosphere of Acropolis Mall, the city ensures an exceptional living experience.
Investing in apartments or flats in Kolkata offers a compelling proposition amidst the city's transformative developments. The ongoing Kolkata-Siliguri Highway project promises improved connectivity, reducing travel time between the two cities. The establishment of the World Trade Center and the burgeoning Bengal Silicon Valley Tech Hub underscore Kolkata's growing stature as an economic and technological hub. Additionally, the planned expansion of the Kolkata Metro network enhances intra-city accessibility. The extended Purple line will soon connect Joka to Esplanade.
Several burgeoning areas in Kolkata, including Garia, EM Bypass, Rajarhat, Tollygunge, Barasat, and Kestopur, have caught the attention of homebuyers.
Kolkata is perceived as an affordable real estate market, offering a wide range of residential options, from well-planned sectors and housing societies to spacious homes surrounded by greenery. For instance, in highly active areas like Barrackpore, Joka, Chinar Park, and Lake Town, the average property prices typically range from Rs. 3,300 to Rs. 7,000 per square foot. Some top-selling projects in Kolkata include Merlin Lakescape, Naoolin Sunshine Enclave, PS Navyom, and PS Jiva, among others.
Additionally, Kolkata offers attractive rental opportunities. New Town (13.3%), Tollygunge (12.9%), Barasat (12.1%), and Uttarpara (10.1%) are some of the areas that offer the highest rental returns in Kolkata.
Here is the price list for some of the top areas in Kolkata:
Neighbourhood | Price/Sqft. |
---|---|
New Town | Rs. 6,900 |
Rajarhat | Rs. 4,700 |
Garia | Rs. 4,850 |
EM Bypass | Rs. 8,500 |
Tollygunge | Rs. 7,350 |
Baguiati | Rs. 3,000 |
Barasat | Rs. 2,550 |
Kestopur | Rs. 3,800 |
Madhyamgram | Rs. 3,400 |
Howrah | Rs. 4,400 |
Dum Dum | Rs. 3,950 |
Joka | Rs. 5,300 |
Chinar Park | Rs. 5,550 |
Lake Town | Rs. 6,900 |
Barrackpore | Rs. 3,300 |
Salt Lake | Rs. 10,500 |
Mukundapur | Rs. 6,000 |
Ballygunge | Rs. 12,350 |
BT Road | Rs. 6,700 |
Kasba | Rs. 5,950 |
Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.
Alipore, a prominent area in Kolkata, stands out for its residential offerings, premium conveniences, and proximity to key business centres such as Industry House, Shantiniketan Building, Kandaria Estate, and more. The strategic location has established Alipore as one of the city's most affluent and sought-after areas.
Also, Kolkata features luxury projects such as Raga Sarvolam, Bhawani Inara, The Banyan Tress Rossetta, Magnolia Sunshine, and Sugam Urban Lakes, offering residents a high-end living experience with top-notch amenities and spacious accommodations. Renowned developers like Magnolia Infrastructure, Sugam Homes, The Banyan Tree Group, and Bhawani Group are operational in the region.
North Kolkata encompasses areas such as Shyambazar, Bagbazar, Kumartuli, Shobhabazar, Posta, Jorasanko, Rajabazar, Phoolbagan, Manicktala, Kankurgachi, Ultadanga, Chitpur, Belgachia, Tala, Cossipore, and Sinthee, stands as the oldest and most captivating district in Kolkata.
It has many heritage buildings and temples, including the grand Sovabazar Rajbari, Laha Bari, Pathuriaghata Ghosh Bari, and Thakur Bari. Referred to as Babu Kolkata, this area boasts a rich cultural heritage, exemplified by its century-old structures and historical landmarks.
Not only is North Kolkata a cultural hub, but it is also home to prestigious educational institutions such as the University of Calcutta, Presidency University, and Rabindra Bharati University.
The district is a significant business centre, extending from Sinthee Crossing to Chiriamore Crossing to Shyambazar Crossing to Burrabazar.
South Kolkata encompasses prominent neighbourhoods like Alipore, Ballygunge, Garia, Golpark, Kasba, and Tollygunge, featuring iconic landmarks such as Rabindra Sarobar, Lake Kalibari, Indian Museum, and Victoria Memorial. Abundant greenery envelops the area, and seamless access to the EM Bypass via the Jadavpur Connector enhances connectivity.
Residents benefit from a robust transportation network, including the metro, buses, auto-rickshaws, cabs, and trams. The region's accessibility extends to Central and East Kolkata and the business district, providing a well-connected and convenient living environment.
Notable developers like Belani Group, Merlin Group, and Srijan Realty contribute to the locality's allure, creating a harmonious blend of history, greenery, and modern living in this vibrant city.
East Kolkata encompasses areas like Metropolitan Township, Dhapa, Tangra, Bantala, Topsia, Tiljala, VIP Nagar, Anandapur, Kalikapur, Mukundapur, Ajoy Nagar, Panchasayar, and parts of Garia including Baishnabghata-Patuli Township, Chak Garia, Nayabad, and New Garia.
The region is well-planned, with the Eastern Metropolitan Bypass, VIP Road, Salt Lake Bypass, and Major Arterial Road as key transport routes. Major attractions include City Center, Salt Lake Stadium, Nicco Park, City Center II, Eco Park, Aquatica, Biswa Bangla Gate, Snow Park, Nazrul Tirtha, Rabindra Tirtha, Mother's Wax Museum, Fanatic Sports Museum, Sri Ram Mandir, and Sai Baba Mandir.
Supreme projects like DTC Capital City, Merlin Rise, Magnolia Merlion, and Oswal Orchard Avaasa contribute to the area's allure.
Central Kolkata, encompassing vital areas like Park Circus, Entally, Sealdah, College Street, Burrabazar, and more, is a bustling employment hub. This region hosts the offices of leading banks, corporate entities, multinational corporations, government departments, and various organizations, contributing to its dynamic and bustling economic activity.
Notable developers in the area include Vinayak Group, Sugam Homes, Orbit Group and Purti Realty. The vibrancy of Central Kolkata, with landmarks like Chowringhee, Princep Ghat, and Lalbazar, contributes to its significance as a dynamic and sought-after business and residential district.
In the last three years, several areas in Kolkata have witnessed substantial property price appreciation. EM Bypass leads with a growth rate of 93.2%, followed by Entally at 84.7%, and Maniktala at 58.4%.
The average price of 1 BHK in Kolkata is Rs. 12 Lakh to Rs. 31.2 Lakh.
The average size of 1 BHK in Kolkata is 568 square feet.
The rent of a 1 BHK in Kolkata is Rs. 8,000 to Rs. 15,000 per month.
The average price of 2 BHK in Kolkata is Rs. 22 Lakh to Rs. 69.9 Lakh.
The average size of 2 BHK in Kolkata is 700 square feet.
The rent of a 2 BHK in Kolkata is Rs. 18,000 to Rs. 20,000 per month.
The average price of 3 BHK in Kolkata is Rs. 37.5 Lakh to Rs. 1.89 Crore.
The average size of 3 BHK in Kolkata is 1000 square feet.
The rent of a 3 BHK in Kolkata is Rs.30,000 to Rs. 45,000 per month.
The average price of 4 BHK in Kolkata is Rs. 71.5 Lakh to Rs. 4.31 Crore.
The average size of 4 BHK in Kolkata is 1971 square feet.
The rent of a 4 BHK in Kolkata is Rs. 1 Lakh per month and beyond.
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