People who are planning to invest in Kolkata this year, Kolkata’s EM Bypass, Behala, and Rajarhat are consistently on the buyers’ mind for some time now. Lower asset values and land prices, availability of scalable infrastructure and the government’s development initiatives make Kolkata an ideal investment option.
The city’s 21 km EM Bypass connects the northern hub of Ultadanga to Kamalgazi in the south. Many residential and commercial establishments are coming up along this stretch. New projects here include Urban Sabujayan by Envision Realty, Altius by Pioneer Property Management Pvt Ltd, Shell Tech by Shell Tech Construction, Heights by Sukriti Realty, etc. In the Oct-Dec quarter, prices along EM Bypass price increased by 6 per cent to Rs 5,354 per sq ft as compared to Rs 5,054 per sq ft in Jul-Sept quarter. One of prime reasons for its popularity is its proximity to malls, 5-star hotels, education institutions/universities, hospitals, schools, metro rail, etc. The government has plans to build a 40-metre bridge across the Guniagachha canal while a flyover connecting EM Bypass with Park Circus and existing AJC Bose Road Flyover is under construction.
Behala is one of the major suburbs of Kolkata. It is brimming with residential projects by developers such as Merlin Projects Ltd and Swabhumi Real Estate India Ltd. The average locality price firmed up by 5 per cent in Oct-Dec quarter to Rs 3,579 per sq ft in comparison to Rs 3,421 during Jul-Sep quarter. Behala is well connected by buses, trams, taxis and metro railway. The nearby markets, hospitals, schools make the area perfect for residence. Behala also creates a huge demand for 2BHK properties.
Rajarhat, now known as New Town is located in North 24 Parganas district. The newly established township consists of gated high-rise complexes by 21st Century Realty, Siddha Group, Kwality Realtech Pvt Ltd and Mount Hill Realty Pvt Ltd. The average locality price was Rs 3,579 per sq ft in the Oct-Dec quarter, up 5 per cent from Rs 3,421 in Jul-Sept quarter. Rajarhat has major hospitals, malls, parks, clubs, 5-star hotels, etc. The connectivity of this locality depends upon buses, taxis and metro. The Data shows response towards Rajarhat is tremendous. The price of property as well as land is increasing every year therefore the best time to invest is right now.
Source: Aawas.in