In the last few years the real estate scenario of Kolkata has seen a huge change. The residential flats are available in variety of rates depending on several factors.
In the last few years the real estate scenario of Kolkata has seen a huge change. However, the real estate scenario in North Kolkata is very different from South India.
South Kolkata is the commercial hub of the city. Owning to several offices there, people too want to stay in places nearby. Along with the increasing population, number of residential flats is also increasing in the southern part of the city. The residential flats are available in variety of rates depending on the number of rooms in the flat. The rate of flats is also decided depending on the location of the flats. The rates of residential flats in Kolkata can be highly divided into two different groups. One group of residential flats is constructed keeping in mind the middle class whereas some flats are meant for the elite class people.
With Rajarhat emerging as the new IT hub, the property scenario in North Kolkata is very interesting. Since last few years, several NRIs are investing in Rajarhat. The IT employees also prefer to stay in Rajarhat and New Town as the IT sector is nearby. The land cost here is also quite high.
New projects of apartments are changing the look of the city’s southern part. New apartments are being built in South Kolkata. New residential flats are coming up in places of old individual houses. This practice is very much common in areas like Ballygunj, Tollygunj, Mahestala, New Alipore, Behala, Joka, etc. In fact, there is a mushroom growth og flats all over Kolkata.
Real Estate business in Kolkata is growing rapidly especially, in Rajarhat Newtown.