The Impact of Kolkata Metro on the Growth of Real Estateby Neha Sharma Digital marketing head
The city of Kolkata is a flourishing metropolis that is currently witnessing rapid development. The development or progress of the real estate sector is a big determinant of the level of infrastructural growth in a particular city. And the last few years suggest that real estate is developing at a staggering rate in Kolkata.
Kolkata, being the capital city and the largest IT hub in Eastern India provides ample of job opportunities for people within and outside the city. As a result, Kolkata witnesses a fair number of outsiders settling here due to their work commitments. Hence, there is an upsurge in the demand for luxury accommodation options in the city. To accommodate the growing chunk of the population, the city is constantly growing in size. This is one of the biggest reasons why the suburbs of the city are presently witnessing rapid development.
Under these circumstances, 3 bhk flats in EM Bypass, Kolkata are witnessing a maddening demand. The suburbs like Sonarpur and Garia located close to EM Bypass have become a very popular choice for flat hunters in the city, looking for luxury options with top-notch connectivity.
Another reason for this is the- Kolkata Metro!
The cityscape of Kolkata has dramatically transformed over the last three decades. In the early days, localities such as Garia and Sonarpur were considered as far-flung villages. Today, these places boast high-end luxury projects with ultra-modern township. A vast majority of the credit goes to the expansion of Kolkata Metro. As one of the premium transport system in the city, it carries more than 7 lacs passengers every day.
Kolkata is the first city in the country to have a Metro Railway. Over the years, the metro route slowly and gradually expanded. By the year 1995, Kolkata Metro covered the entire distance between Tollygunge(South Kolkata) to Dum Dum (North Kolkata). In between 2009-10, the metro route was once again expanded. It stretched from Tollygunge to further South. As a result, the remote and lesser-known regions such as Naktala, Garia, Narendrapur, Sonarpur, and Bansdroni became an integral part of the city.
The Garia- Sonarpur belt further benefitted from the extension of the Metro project. The recently completed Kavi Nazrul (Garia Bazar area), Shahid Khudiram ( Briji area), and Kavi Subhash ( New Garia area) have remarkably transformed the connectivity of the Garia-Sonarpur belt.
As a result, these once isolated outskirts started to ignite a fair bit of interests from the top real estate developers and builders in the town. These suburbs had countless acres of land as they were far from the maddening rush. The builders in the city took advantage of this situation and transformed large acres of land into tall and large residential complexes blessed with astonishing luxury quotient.
Today, a large number of residential apartments are developed in the suburbs like Garia or Sonarpur and nearby localities. Also, a new metro rail corridor is coming up. This extension covers areas like EM Bypass, Kalikapur, Science City, Mukundupur, VIP Bazar, and more. This is why there is such a huge demand for 2 BHK or 3 BHK flats in EM Bypass, Kolkata. Added to that, the latest apartments and residential apartments in Kolkata comes with a host of latest amenities such as swimming pool, kid’s playing ground, club, coffee parlour, and more, that ensures luxury living.
There is no denying the fact that apart from price, location is a big factor determining your next dream space. And the metro corridor has made Kolkata a delightful prospect for luxury apartments.
Created on Mar 18th 2019 09:10. Viewed 197 times.