Rajarhat- A prime residential destination of East Kolkata

Rajarhat, a developed residential locality of East Kolkata houses a wide range of residences ranging from affordable apartments to luxurious independent villas. As, a result, the area has attracted a large section of investors, leading to a surge in the sales of residential properties. This inflow of cash in the locality’s residential market has gained the attention of the developers to bring in more extraordinary housing projects. Moreover, this area is mostly associated with NRI interest and, as a result, many homebuyers prefer to earn rental income by investing in its property market. Apart from the availability of wide range of residences, other factors which have created a boom in the locality’s residential sector are intercity connectivity, connectivity with various public transit systems, ferrous social-physical infrastructure, proximity to business centres, rapid urbanization, and improved socio-economic status. The unison of these factors has appreciated the capital values, leading to generous returns to both developers and investors alike. This hike in the prices can be safely observed from the data mentioned on 99acres.com. According to the report, the prices have increased by 2.47 percent in last seven years, having gone up from Rs. 2252 per square foot in January-March 2009 to Rs. 4080 per square foot in January-March 2016. Therefore, buoyed with positive notions, Rjarahat, an established commercial cum residential hub of the city is witnessing construction activities of many housing units.

So, if you are a prospective buyer who wishes to invest in the prime residential locality of Kolkata East, then consider the following upcoming projects in Rajarhat.

RESIDENTIAL PROJECTS

• The Pyramid Kolkata, an upcoming residential project by Mounthill Reality and Onex Reality and LGW is located in Rajarhat, Kolkata East. The project offers skillfully designed 2-4 BHK apartments which will be available in a price range of Rs. 38.84-85.97 lakh. The project is well-versed with modern facilities and ultra-modern amenities including amphitheater, multipurpose hall, party lawn, senior citizen sitout, theatre, jogging track, multipurpose court, swimming pool, meditation center, entrance lobby, property staff, landscape garden, paved compound, rain water harvesting, reflexology park, library, club house, kid splay area, power back up, gym, car parking, among others. The project is approved by leading financial institutions including HDFC home loans, Axis Bank, among others. The group has decided to start the possession of the project by December 2018. 
  

1. GM Meena Sparsh, an upcoming residential project GM Group is located in Rajarhat, Kolkata East. The project offers well designed 2-3BHK apartments which will be available in a price range of Rs. 36.8- 50 lakh. The project is well-equipped with contemporary facilities and amenities including landscape garden, paved compound, rain water harvesting, multipurpose hall, property staff, video door security, kids play area, intercom, lifts, car parking, among others. The project is approved by leading financial institutions including HDFC home loans, Axis Bank, IDBI Bank, State Bank of India, Punjab National Bank, among others. The group has decided to start the possession of the project by October 2016. 
   

Author Bio: -
Aakanksha Pasricha writes for 99acres.com. She has been writing for the real estate developments happening in different parts of India. When she isn’t writing she browses around the high streets as she definitely has an eye for details. You can visit her @G+aakanksha