The capital city of West Bengal, Kolkata, is located on the eastern bank of the Hooghly River. This city is developing constantly and has now become one of the most popular metropolitan cities in the country. Kolkata is a development and employment hub with major ongoing changes in connectivity and infrastructure. The increasing employment opportunities are attracting people from all across the country. This increase in population is revolutionising the world of Kolkata property.
In addition to the increasing population, the real estate landscape of Kolkata is also revolutionising due to the multiple initiatives by the government. Several government programmes are attracting real estate investment. If you are also wishing to invest in this city’s real estate world, below is a guide you must read to make an informed decision.
Table of Contents
Why is investing in Kolkata’s real estate a good option?
Some of the convincing reasons to invest in the real estate landscape of Kolkata are listed below.
Employment opportunities
One of the first and most crucial reasons that convince people to invest in the property market of this city is that it houses a well-developed IT hub. In addition to the IT hub, it also has well-established industrial sectors. These sectors and the IT hub collectively increase the employment opportunities in the city and attract people from all across India. Ultimately, it increases the demand for housing facilities.
Connectivity
Next on the list of reasons to invest in Kolkata’s real estate is that Kolkata is well connected to other nearby cities. It boasts an efficient suburban metro and railway system. These systems efficiently connect the city to other Indian states. They also connect the city’s centre with its other parts. Kolkata is the only Eastern Indian city to house an International Airport. In addition to this, Kolkata also has a well-developed public transport system like auto-rickshaws that makes it easy to commute within the city.
Affordability
When compared to other metro cities, the property rates in Kolkata are much cheaper in Kolkata. Low real estate rates are also resulting from the continuous affordable residential projects launched by the developers.
Lifestyle
The Kolkata of a few years back and its situation now is massively different. The city has developed in a very short period. With numerous luxurious residential projects being launched by top builders in the city, Kolkata has become an ideal place to live a lavish life. These projects offer the most luxurious amenities that offer a prospering lifestyle to the residents.
Most preferred residential areas in Kolkata
Kolkata has a flourishing residential real estate. If you wish to invest in its residential property market, below are some of the best and most preferred areas that offer a substantial price appreciation.
Bhawanipur
One of the most preferred areas for residential property in Kolkata is Bhawanipur. It is an old neighbourhood in Southern Kolkata. Bhawanipur is located in the south of AJC Bose Road. It is well connected to all the major parts of the city through rails, buses and metro. The region is adjacent to central Kolkata. It has some of the most popular colleges and schools, making it preferable among the people of Kolkata. The amenities offered in this locality makes it a home to many business families and celebrities.
New Town
Another preferred locality in Kolkata is New Town. It is an upcoming IT hub of Kolkata which is well planned. It boasts a mix of commercial, residential and institutional areas. New Town is a well-maintained and peaceful place to stay. It is separated from the chaos of city life and is still well-connected to the city.It is well connected to the rest of Kolkata through public modes of transportation like taxis and buses.
Behala
Bahala is also preferred for residential properties. It is the oldest locality of Southern Kolkata. Behala is well-connected to the major parts of the city through public transport modes like buses and metro. Behala is a significant industrial area as it houses several factories that employ a great number of individuals. The increasing employment opportunities and good connectivity of this location make it ideal for residential property investment.
Dum Dum
Another popular residential area in Kolkata is Dum DUm. It is situated in Central Kolkata. It is well-connected to the rest of the city. Dum Dum is also connected to the rest of the country as it houses the only International airport of West Bengal- Netaji Subhash Chandra Bose International Airport. This area has a well-established marketplace that offers fresh edibles.
In the end
Kolkata offers several options when it comes to investing in its real estate world. If you wish to invest in it, explore the best options on a trusted real estate website like Home4us.
