Real Estate market thrives in Kolkata

Kolkata has been a hub of residential projects and it has opened a promising area of investment in this sector. Stupefied by the sluggish growth in the industrial and infrastructural spheres, the city still managed to record a three percent rise in property prices according to the 99acres.com Insite Property Report. The landscape of the city preserves certain key factors making it suitable for the real estate projects be it residential or commercial.

Compared to other metro cities, the city of joy offers a quality lifestyle at a reasonable cost. It has both high priced posh areas as well as budget areas to dwell in. Properties are available at a varied cost ranging from low-priced apartments to high priced luxurious villas. The residential apartments continue to be the popular choice among the residents. The rental market also sees a fair growth where South Kolkata takes the lead.

The city has well-developed connectivity where the major areas are linked through Metro. Construction is still going for the Metro Project that is also taking the adjacent areas within its purview. The city has some of the premier educational institutions and is home to quite a few heritage sites. West and South Kolkata especially have seen an upsurge in the real estate market.

Some of the new residential projects that the city observes are as follows:

• DTC Southern Heights: This is an ongoing project of the reputed DTC group that is expected to be ready by May 2018. The project dtc southern heights provides state of the art design skillfully carved acres 9.5acres of land. The rooms are spacious where the residents can enjoy the fresh nature. The plot is in vicinity to medical units, railway station, esteemed schools and colleges. The 1066 units of 2BHK and 3BHK apartments come at a reasonable price with all the necessary amenities. The plan provides a clubhouse, theatre, meditation center, conference room, play area for kids, swimming pool, golf course, gym, restaurant, food court, cafeteria, open space, park, firefighting equipment, water plant, sewage treatment plant and lift. The plot adheres to Vastu norms having car parking facilities and water supply round the clock. The price of the 890-1370 sq.ft. apartments range from Rs. 27.59 Lakhs to 42.72 Lakhs. 
  

• Sonakshi Dream Township: Spread over 48.12acres of land this ongoing project of the popular Sonakshi real estate developers. The plan provides 386 units of unconventional plots at a reasonable price. The plots are beautifully designed to offer a comfortable stay to the residents. The project is located amidst all the civic utilities and is linked by extensive mode of transports. The plan offers a wide range of modern age amenities that includes a playground for kids, paved compound, open space, rainwater harvesting and water supply all through the day. Available in varied size range from 1441 to 7207 Sq. Ft., the plots are priced at Rs. 6.75 Lakh to 12.8 Lakh. 
  

Kolkata is expected to see more such residential projects in the near future. Due to the strategic locales and the economical living this is a desirable city for the buyers and investors alike.

Author’s Bio: Agniva Banerjee is a professional writer who closely follows the real estate sector. Her articles offer genuine facts and information about the realty sector in India.