Rajarhat An Up-Coming Market Witnessing Growth in Residential Sector

Rajarhat boasts of all basic amenities required by an end-user. Having quality infrastructure, connectivity to other parts of the city and with the International airport at a distance of just 2km is attracting buyers and investors. rnRajarhat is also known for malls such as City Center and Axix Mall and so on. Encouraging the entry of realty majors with their projects such as New Town Heights by DLF, Green Heights by Loharuka Group are among others. rnRajarhat is less congested and cheaper as compared to other parts of the city which makes it perfect from an investment point of view as said by Tuhin Podder, Perfect Address. Another major advantage here is the soon-to-be-commenced metro. rnRajahat is rapidly emerging as satellite town of Kolkata witnessing more than 50% appreciation in the sector of residential property of Kolkata. rnWith expansion of IT and Ites sector along with SEZ projects real estate activities of Rajarhat enhanced manifold. Growth of the software industry around Rajarhat has generated strong influx of manpower from all over the country. There is a great demand in residential housing property resulting in appreciation of capital and rental values. There has been 15-20% rise in the capital values in Jan-Dec 2011 period as compared to the previous year. rnThere are many new residential property being launched in the area time to time by prominent as well as local developers and builders in both the affordable and premium segments of residential property in Kolkata. rnThe newly launched property in Kolkata are seeing good number of transactions and queries and an average 10% appreciation is expected in every six months. Rajarhat in Kolkata is an upcoming locality with huge potential driven by factors like good connectivity, well-developed infrastructure and presence of all basic facilities. Rajarhat is set to become one of the upmarket localities of Kolkata. rnKolkata is opening its doors to new age developers, modern day construction and innovative architectural ideas. The real estate sector in Kolkata -City of Joy is looking up. Consumers in Kolkata are aware of the different lifestyle options and are getting their demands met by builders. With real estate developers such as Ideal Group, DLF Group, Unitech among others launching their residential property in the city home buyers have quite a few options to choose from.