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Top 58 New Residential Projects in New Town, Kolkata

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About New Town, Kolkata

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.

Why Should You Invest in New Town?

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.

Price Trends in New Town

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.

Top 5 Reasons to Invest in New Town

1: Top-Rated Projects

2: Essential Physical 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

3: Employment Options

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.

4: Potential Returns

  • Property rates in the area have fluctuated, witnessing approximately a 25.8% increase over the past year and a 25.6% rise over the last 3 years for builder floor prices.
  • Apartment deal prices have seen alterations of about 20.8% over the year, approximately 44.3% over the last 5 years, and a significant 54.7% over the last 10 years in Mansarovar.

5: Amazing Connectivity

  • Dum Dum Cantonment Railway Station is approximately 8.9 kilometres away from New Town.
  • Salt Lake Sector Metro Station and Rabindra Tirtha Metro Station stand at a distance of 9.0 kilometres and 3.5 kilometres, respectively, from this area.&
  • Balaka Bus Terminus, New Town Bus Depot and CSTC Bus Depot are situated at distances of 5.7 kilometres, 5.9 kilometres, and 8.3 kilometres, respectively, from this locality.
  • Netaji Subhash Chandra Bose International Airport is approximately 12 kilometres away from New Town.

FAQs

What is the PIN code of New Town?

The PIN code of New Town in the city of Kolkata is 700156.

What is New Town famous for?

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.

Is New Town a good place to live?

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.

What is the future of New Town?

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.

What are the current development projects in New Town?

What are the top schools in New Town?

  • The New Town School
  • Vels Global School
  • Bodhicariya Senior Secondary School
  • Junior DPS
  • Guidance Nursery School

What are the top hospitals in New Town?

  • Ohio Hospital
  • Apollo Clinic
  • Ujjiban Multi Speciality Hospital
  • Tata Medical Center

What are the best restaurants in New Town?

  • Social Kitchen
  • Calcutta Bistro
  • Seasonal Tastes

What are the petrol stations in New Town?

  • Mira Service Station
  • Rajarhat Bharat Petroleum
  • Unitech Petrol Pump

What are the top gyms in New Town?

  • Trifit Studio
  • Soul Fitness
  • Anytime Fitness

What are the best shopping malls in New Town?

  • Axis Mall
  • Lifestyle Store
  • New Town Square

What are the top hotels in New Town?

  • Fairfield by Marriott Kolkata
  • Taj City Centre
  • The Westin Kolkata Rajarhat
  • Ibis Kolkata Rajarhat Hotel

What are the parks in New Town?

  • Eco Park Back Side
  • Swapno Bhor Seniors Park
  • Upasana Park Bisarjan Ghat

What are the top attractions in New Town?

  • Eco Park
  • Biswa Bangla Gate
  • Mother's Wax Museum

How much does a 1 BHK cost in New Town?

1 BHK in New Town costs in the range of Rs. 19 Lakh to Rs. 32 Lakh.

What is the average size of a 1 BHK in New Town?

The average size of a 1 BHK in New Town is 450 sqft.

What is the rent of a 1 BHK in New Town?

The rent of 1 BHK in New Town lies in the range of Rs. 7,000 to Rs. 15,000 per month.

How much does a 2 BHK cost in New Town?

2 BHK in New Town costs in the range of Rs. 31 Lakh to Rs. 94 Lakh.

What is the average size of a 2 BHK in New Town?

The average size of a 2 BHK in New Town is 920 sqft.

What is the rent of a 2 BHK in New Town?

The rent of 2 BHK in New Town lies in the range of Rs. 12,000 to Rs. 35,000 per month.

How much does a 3 BHK cost in New Town?

3 BHK flats in New Town cost in the range of Rs. 66.27 Lakh to Rs. 1.02 Crore.

What is the average size of a 3 BHK in New Town?

The average size of a 3 BHK in New Town is 1280 sqft.

What is the rent of a 3 BHK in New Town?

The rent of 3 BHK in New Town lies in the range of Rs. 32,000 to Rs. 75,000 per month.

How much does a 4 BHK cost in New Town?

4 BHK flats in New Town cost in the range of Rs. 1.27 Crore to Rs. 4.02 Crore.

What is the average size of a 4 BHK in New Town?

The average size of a 4 BHK in New Town is 1780 sqft.

What is the rent of a 4 BHK in New Town?

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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