Where you should invest in Kolkata

Investing in a property in Kolkata might be a bit of a gamble. Apart from the stagnant realty market - the unsold inventory is pushing several home buyers to postpone their home buying decision. However, in the recent past several peripheries have surfaced as residential catchment areas that are brimming with realty opportunities. Not only are property developers penetrating these neighbourhoods they are also offering these new homes at affordable prices. So if you have put off your property buying decision, it’s time to reconsider it and place your money in any of these vicinities. Behala Cited to be one of the oldest residential hubs, Behala boasts of having a seamless connectivity via the EM Bypass Road. And with several state owned buses, taxis and trams ferrying individuals from one place to another - the area has resurfaced a potential realty corridor. The growing industrial belt and the presence of many manufacturing units and factories are luring several workers to shift base here. Property developers are now penetrating the realty market and the vicinity has over 70 projects that are cited to be completed. These modern day projects are revamping the realty sector of Behala which was once dotted by several small sized homes. rnApartments in these new projects are cited to cost anywhere between Rs 3,500 and Rs 4,500 per square feet and most of the housing units are cited to spread over 700 to 1,800 square feet respectively. Garia Being an established locality, Garia is situated towards the southern side of Kolkata and boasts of having many extraordinary apartments. The growing commercial belt and the presence of many retail outlets has created a plethora of opportunities for home buyers here. The constant development has turned the locality into an ideal destination for families and retired personnel. Garia’s swift connectivity via the metro and other arterial roads have enticed several developers to come here. rnSo if want to make realty investments in a locality that is developing drastically - Garia is the place for you. Average property values of homes here range between Rs 3,500 and Rs 4,400 per square feet. Tollygunge Tollygunge’s strategic location has played a pivotal role in building its realty sector. Encircled by Bansdroni, Lake Gardens, Jadavpur and Behala - the vicinity enjoys seamless connectivity. The existence of many healthcare units are luring many families to shift base here. Proximity to metro station too has added value to the vicinity. The locality currently has many residential projects that are under construction, while soem projects have been recently launched. Amongst the 66 completed projects, 2 BHK apartments are estimated to hover between a price bracket of Rs 22 lakhs and Rs 50 lakhs. The larger 3 BHK homes that spread over 1,500 square feet range between Rs 50 lakhs and Rs 1 crore. Doesn’t matter if the property is being purchased for end use or for investment purpose, investing in these realty corridors will surely help you to reap fruitful benefits!