Why Should You Buy Flats In Tollygunge?

Named after Major William Tolly, Tollygunge possess the film industry of Bengal. The entertainment industry has a nick name given by American Cinematographer Wilford E. Deming i.e. Tollywood (named after movie industry of USA Hollywood). Tollygunge used to be the centre of Indian movie business. Bengali cinemas and cinematic sense have been acclaimed by the global audience. Thus, this has been one of the highly popular areas in Kolkata for eternity.

Coming to the housing demand of this locality Tollygunge, being under Jadavpur parliamentary constituency, this area has a healthy demand for luxury and mid-budget apartments. Being a well-planned locality Tollygunge is the connector of north and south metro stations. This is an amazing place in south Kolkata, where there are every required luxuries and urban facilities all around. The average price of the luxury residential units is epidemically going up. Tollygunge is turning out to be a realty market driver, as 30% of the luxury and mid-budget housing requirement comes from Tollygunge and around areas. Presently, the requirement of luxury apartments in Kolkata is down by 4%. Yet, south Kolkata has always been relatively up-and-coming in terms of market demand, shows the spilling queries under Post Your property Requirement in kolkata category of several leading property sites in Kolkata.

Obviously good road and metro connectivity highlight the investment point. The housing demand owns a mixed bag requirement for luxury apartments as well as individual ready-made houses. Resale business is also in a stalwart position in this locality. Many noteworthy places of luxury interest points such as- Tolly Club, Royal Calcutta Golf Club and Rabindra Sarobar multi-used stadium are just round the corner. This area is having close to 25 reputed academic institutions. The most prestigious Jadavpur University is just at 15-20 min travelling distance. Upper-scale, lifestyle malls and retail shops are not far from this location. Remarkable health care centres and hospitals are at close proximity.

Recently, several upcoming luxury projects in Tollygunge have been talks of the town. One of them is ‘The 1’, Tollygunge, developed my esteemed Merlin Group. The giant luxury project is aimed to be handed over in Dec’21. This is one of the high-end projects possessing luxury 2/3 bhk apartments, whopping 398 units in total. The project consists of 3 high-rise towers with connecting roofs.

Not only, the new-build apartments average rental yields is also close to 2.2% in this locality, which means rental apartments are also quite affordable here in comparison to the other in demand locations of the city. Location and connectivity advantage have made Tollygunge an engaging place for residential investment. We’re giving information that brings a real insight into today’s realty market of south Kolkata and around areas. Meanwhile keep yourself updated with the new launches in the city that are essential for your luxury lifestyle. If you desire to live in a better environment; do your investments fast before the prices start going through the roofs.

-LNN (Liyans News Network)- To have more information regarding the property in north Kolkata and the south please visit our official real estate portal of Kolkata. Buy/Sell/Rent properties online with us.