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Kolkata is known for its first day of sunshine. The city's life starts at 6 AM. It makes for a wonderful living. Many of Kolkata's architectural landmarks, theatres, art galleries, and temples are well-known. Along with delicious food, an ancient mode of transport still exists. People there are proud of their culture and traditions. Every household can still hear the beautiful Rabindranath Tagore songs. It is a city that reflects the beauty and design of Indian traditional and modern art. There are many properties for sale in Kolkata, and It is ideal for a Homebuyer or Investor to invest in Kolkata.
Here are the Top 10 Localities to Invest in Kolkata
Garia
Recently coming to light as the fastest growing suburb in Kolkata, Garia is a famous residential locality for investment. The place has strong connectivity, with public transport readily available and laid out systematic growth plan by the government function. Per price trends and studies by real-estate experts, property prices are set to go 1.5x in the next 3-5 years in Garia. The average price of flats in Kolkata in this locality is 4200 rs /sq ft, varying from 3200 - 5200 rs/sq ft.
Tiljala
With over 50% of properties lying under Rs 60 lakh, Tijala is highly popular as an investment locality. The locality has all sorts of mandates in its surroundings, including hospitals, schools, theatres, and public transport availability. The Price in this locality varies from 2700-4500 rs/sq ft.
Behala
According to data by certain real-estate brokers, Behala locality accounts for more than 20% 2 BHK sales in all of Kolkata. The price band of these flats falls between 35-45 lacs. That being said, Behala will soon have its metro station, improving its connectivity across the city and increasing property rates. The avg. Price here ranges around 3700 rs / sq ft.
Rajpur Sonarpur
Rajpur Sonarpur, the nearby locality to Garia is also becoming a popular investment option and has multiple flats for sale in Kolkata. Like Garia, the locality has all amenities in its surroundings, including reputed hospitals, schools, malls, and more. The avg. Price here is 3300 rs / sq ft.
Madhyamgram
Lying near the airport, this locality brings affordable luxury to life. With over 60% of for-sale properties priced between 20-40 lacs, it is a fixed deposit for middle-class investors. The avg. Price here is 3200 rs / sq ft.
Santoshpur
Bustling with independent houses and builder floors, Santosh Pur is a posh locality in south Kolkata. If you are looking for residential properties in Kolkata, this is the place to be, but do note that if you are looking for newly built properties, that might not be possible. This location has very little space for new construction. Since it has been developed, the Price here ranges from 4000-6000 rs /sq ft.
Narendrapur
Falling under the Rajpur Sonarpur municipality area, Narendrapur is a growing locality in Kolkata. The famous Ramakrishna Mission Vishwavidyalaya is also in this locality. It is well connected to important roads and commercial hubs as well. The average price here is 3000 - 4800 rs / sq ft.
New Town
The New Town, a well-known suburb of Kolkata, is an integrated township that includes residential neighborhoods, commercial centers, and corporate facilities. It is well connected to many of the city's most prominent districts, such as Salt Lake and VIP Road. New Town is just four kilometers from Kolkata's international airport. The Metro line will connect New Town soon. New Town's average square-foot Price is Rs 5,063.
Rajarhat
Rajarhat is a well-established suburb in Kolkata's northern outskirts. It boasts a strong social and civic infrastructure that includes healthcare and education facilities. Rajarhat has various property options, including 2, 3, and 4BHK flats. These are mainly located in apartment buildings such as Merlin Urvan, Rishi Pranaya, and others. Rajarhat's average square-foot Price is Rs 4,118
Jadavpur
Jadavpur is another important neighborhood in South Kolkata. It is home to Jadavpur University. It is located along Prince Anwar Shah Road and is close to Dhakuria. Ekta Heights and South City Residential Complex are some of the Jadavpur apartment buildings. A multi-story apartment with a basement is available for rent at Rs 3,800-6550 per square foot. This price range caters to both the middle-segment and low-end markets.
The Best Areas To Invest In Kolkata With Their Price Trends
The property prices in Kolkata have steadily increased, and there have not been any sudden drops across the different localities; please find below brief data on average Price per sq ft across localities:
Conclusion:
Kolkata has a wide range of cultures. It is capable of supporting both higher- and lower-income individuals very well. There are multiple flats for sale in Kolkata for people looking for investments and people looking to move to the city. If you are willing to spend between 5000-9000 rs /sq ft., you can find houses for sale in Kolkata's best localities. However, check the build quality, warranties, registration, and other legal details of the house/flat before making your purchase.
FAQs
1) Is Kolkata a good investment destination?
Kolkata is an excellent place for investment. Amongst cities like Hyderabad, Jaipur, and Bangalore, Kolkata is also becoming an investment hub mainly due to increased industrial and commercial activity, particularly in the peripheral areas.
2) What is the average rate of home-buying in Kolkata?
The average rate of home buying in Kolkata varies from 5000-7000 rs / sq ft. Although you may find houses for sale in Kolkata for lower prices, this range covers most food societies.
3) Which is the poshest area in Kolkata?
The most coveted areas of Kolkata are Garia and Madhaymgram.
4) In which areas of Kolkata can I buy ready-to-move-in flats?
You'll find multiple flats for sale in Kolkata in the regions mentioned above. If you want to pick one, we suggest looking for apartments in New Town as an investment option.
About Author
Jatin Dubey
An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.
An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.
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