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Vaanya is a breathtaking project that seamlessly blends urban living with the tr...Read More
Welcome to The V, a distinguished residential haven nestled within the opulent T...Read More
Discover the epitome of lavish living at Skyscraper Astha, a residential haven n...Read More
Merlin Lakescape is a residential project that offers a serene and modern living...Read More
Ambey Gateway, situated in the thriving locale of New Town, Kolkata, is an excep...Read More
Rishi Pranaya is not just another residential project; it's an embodiment of pro...Read More
Chitrakut Heights Phase 2, an elegantly designed residential project, graces the...Read More
Srijan Town Square, located in the bustling district of New Town, Kolkata, is an...Read More
Newtown Villas, located in New Town, offers a harmonious blend of contemporary l...Read More
Welcome to Bhawani Inara, a haven of luxury and sophistication in Rajarhat Newto...Read More
New Town, a mesmerising satellite city nestled in Kolkata, boasts lush greenery and hosts an approximate population of 36,541 residents. As a major part of the Kolkata Metropolitan Area, it falls under the jurisdiction of the New Town Development Authority. Recognised by the Government of India as a "Solar City" and a "Smart Green City", this location in West Bengal exudes charm and innovation.
Surrounded by neighbourhoods like Lake Town, Salt Lake, Rajarhat, Kestopur, and Baguiati, New Town stands out for its attractions, including the Eco Urban Village, Nazrul Tirtha, Harinalaya, and the Museum of Bengal Modern Arts, among others.
Moreover, it is renowned for its proximity to various tourist spots such as Eco Park, Biswa Bangla Gate, Mother's Wax Museum, Coffee House, Rabindra Tirtha, and numerous other cultural and recreational destinations, making it a hub of diverse attractions and experiences.
Investing in New Town offers compelling prospects for multiple reasons. Firstly, the area boasts the active involvement of distinguished real estate developers like Shrachi Realty, Natural Group, Bhawani Group, Srijan Realty, Neelkanth Nirman Pvt Ltd, Rishinox Buildwell, Ambey Group, Merlin Group, among others.
Additionally, properties in New Town hold an average price rate of Rs. 7,000, showcasing a significant alteration of 44% over the last 5 years. Moreover, the rental yield for properties in this locale stands at approximately 15%, adding to its investment appeal.
Here is the statistical data to understand the price trends in New Town, Kolkata:
Year | Price/Sq ft |
---|---|
2019 | Rs. 4,900 |
2020 | Rs. 5,100 |
2021 | Rs. 4,800 |
2022 | Rs. 5,500 |
2023 | Rs. 7,000 |
Disclaimer: All the above mentioned price rates have been taken from numerous available sources and this does not reflect the actual price rates. This may vary as per the location, developers and amenities.
Educational Institutes | Hospitals | Restaurants |
---|---|---|
Delhi Public School | Bhagirathi Neotia Woman and Child Care Center | IRCTC Cafe |
The New Town School | Apollo Clinic Newtown | Kathi Junction |
Bodhicariya Senior Secondary School | Kolkata Nursing Home | Biswa Bangla Gate |
Vels Global School | Tata Cancer Hospital | Stash Cafe |
Orchids The International School | Belle Vue Hospital | Hangout |
There are several Information Technology offices located in this location like Accenture, Ericsson, Tech Mahindra, ITC Infotech, Mindtree, Adani Labs, TCS, Wipro, British Telecom, Infosys and a lot more. Also, P.S. Srijan Techpark and Imagine Tech Park are just within the distance of 10 Km from this location.
The PIN code of New Town in the city of Kolkata is 700156.
New Town is recognized as the city's second IT hub, hosting several prominent IT companies such as Capgemini, ITC Infotech, Adani Labs, and Cognizant, among others. Additionally, it boasts a range of attractions like the Eco Urban Village, Nazrul Tirtha, Harinalaya, Museum of Bengal Modern Arts, Eco Park, Biswa Bangla Gate, Mother's Wax Museum, Coffee House, Smart Street, Rabindra Tirtha, Aircraft Museum, Aquatic Water Park, Clock Tower and more.
New Town stands out for its array of attractive investment options for both developers and homebuyers, featuring properties like Shrachi Newtown Villas, Bhawani Inara, Natural Aqua Waves, Shrachi Greenwood Nest, Merlin Lakescape, and others. Moreover, the area offers essential amenities such as Junior DPS, The New Town School, Biryani Bar, Downtown Mall, Apollo Clinic, and more, making it a favourable residential choice.
New Town's future sees the establishment of new campuses for prominent educational institutions like St. Xavier's, Presidency, and Jadavpur Universities, expected to significantly increase the demand for rentals in the area. Additionally, the forthcoming Bengal Silicon Valley development is set to enhance job prospects, creating a surge in employment opportunities within the vicinity.
1 BHK in New Town costs in the range of Rs. 19 Lakh to Rs. 32 Lakh.
The average size of a 1 BHK in New Town is 450 sqft.
The rent of 1 BHK in New Town lies in the range of Rs. 7,000 to Rs. 15,000 per month.
2 BHK in New Town costs in the range of Rs. 31 Lakh to Rs. 94 Lakh.
The average size of a 2 BHK in New Town is 920 sqft.
The rent of 2 BHK in New Town lies in the range of Rs. 12,000 to Rs. 35,000 per month.
3 BHK flats in New Town cost in the range of Rs. 66.27 Lakh to Rs. 1.02 Crore.
The average size of a 3 BHK in New Town is 1280 sqft.
The rent of 3 BHK in New Town lies in the range of Rs. 32,000 to Rs. 75,000 per month.
4 BHK flats in New Town cost in the range of Rs. 1.27 Crore to Rs. 4.02 Crore.
The average size of a 4 BHK in New Town is 1780 sqft.
The rent of 4 BHK in New Town lies in the range of Rs. 29,000 to Rs. 91,000 per month.
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