Located on the banks of Hooghly River, Calcutta or Kolkata as its better known today is a cultural, commercial and educational hub of East India. Spread over 1,886.67 km2, the Kolkata Metropolitan area constitutes three municipal corporations, 24 panchayat samitis and over 39 local municipalities. Th city is the financial and commercial hub of North-East and East India. Having a stable economy, a number of industries that are partnered under the private-public partnership have mushroomed. Mining, pharmaceuticals, agriculture, heavy engineering and textiles dominate the industry sector. Home buyers are now entering Kolkata’s real estate industry for its modest budget pricing. Many localities in the city offers many affordable housing apartments in Kolkata that fall under the price band of Rs 20 lakhs. Below are some of the most pocket friendly localities in Kolkata.
Garia is one of the most sought-after residential pocket in the south of the city. Great connectivity and safe habitat have pushed this vicinity considerably. Apart from providing easy access to North and Central localities, the developed social infrastructure is another factor that is luring many investors. Apartments in Kolkataasianbookie bandar, especially in a neighborhood like Garia have a high return on investment when compared to other areas in North Kolkata. An apartment that spreads over 500 to 900 square feet is estimated to cost anywhere between Rs 2,800 to Rs 3,700 per square feet depending on the amenities that are being offered by the builder.
Bablatala is an area that is a favourite amongst families and retired personnel. Due to its close proximity to the airport, home buyers who are regular fliers are attracted to this vicinity. The presence of educational institutions and medical facilities are also luring both local and national real estate developers to create many residential projects. A number of residential projects have mushroomed closer to the metro station and main road. Properties here have appreciated over 7% in the past few years. An apartment here falls under the price band of Rs 2,800 and Rs 3,200 per sq ft.
Being a planned township, Rajarhat enjoys great infrastructure. Located adjacent to Netaji Subhash Chandra Bose International Airport, the locality has been recently noticed to be one of the most preferred localities. Its proximity to the Sector V’s IT hub and the proposed metro project from New Garia and Biman Bandar (that passes though Rajarhat) are driving the realty demand here. Proposed to be extended to North East, Kolkata, home buyers are also opting towards investing in Rajarhat due to its Old Calcutta feel.
The presence of the cosmopolitan crowd has forced all the major players to enter the commercial market. The locality has a number of restaurants, shopping malls, hospitals and schools that entertain the urban crowd. Essentially dominated by working professionals and migrants, Rajarhat has an array modern home at affordable prices. A flat for sale here can cost anywhere between Rs 3,400 and Rs 3,600 per sq ft. Apart from just apartments, the locality offers generous living spaces at affordable prices. Individual homes in Kolkata, especially in localities like Rajarhat are estimated to cost anywhere between Rs 3,200 and Es 4,500 per sq ft. Depending on the amenities offered by the builder.
While Garia offers great connectivity, Bablatala provides a great standard of living, Rajarhat too lures the cosmopolitan crowd with its developed social infrastructure. So if living with the comforts of your office space along with easily accessible to the social life of the city is your call, investing in apartments or individuals’ homes in Kolkata is a safe bet for you.