While most of the localities within the city limits have reached their saturation point- it doesn’t come as a surprise to see distant peripheries rapidly developing. And south Kolkata has an array of areas that are bustling with construction activities. The presence of land in large tracts is luring many real estate developers to head to this side of the city. An array of apartments in south Kolkata have recently mushroomed resulting in an influx of housing demand.
Areas like Park Circus, Bhawanipore, Tollygunge, Alipore, Ballygunge, Garia. Baruipur form south Kolkata. The region is also cited to be an educational hub thanks to the presence of many educational institutions like Indian Association for the Cultivation of Science and Indian Institute of Management Calcutta. The existence of many reputed health-care facilities too have attracted many families and retired personnel to shift base here. The many recreational spots makes this region one of the most sought after places for realty investment. Local and national real estate developers are basking in the glory and are creating extraordinary apartments in south Kolkata. Ranging from being affordable to mid-segmented to even uber luxurious, one is definitely spoilt for choice every time they decide to invest here.
Some of the most preferred residential localities include Tollygunge, Garia and Ballygunge. While Tollygunge attracts many home buyers due to its modest budgets, Garia attracts many investors for its high ROI (Return on Investment). Capital values of homes in Tollygunge are expected to hover over a price bracket of Rs 4,000 and Rs 5,200 per square feet depending on the amenities and facilities offered by the builder. Similarly, properties in Garia are likely to cost an average of Rs 4,000 per square feet and the same house can generate a rental yield of Rs 15,000 per month making the locality a sought after destination for many working professionals.
Owing its development to seamless connectivity and its developing social infrastructure- the realty sector of Ballygunge is currently witnessing an upswing. The well constructed homes and the open green spaces are luring many property seekers. Capital values of properties here have escalated over 16% in the last year and the prices continue to soar. Resale flats in south Kolkata especially in Ballygunge are cited to be bankable due to its stable construction. Resale value of 2 and 3 BHK apartments here are cited to cost an average of Rs 11,200 per square feet.
With the city’s realty sector reviving, home buyers and property seekers are leaving behind their inhibitions and are investing in south Kolkata due to its high fruitful returns. These suburbs offer the perfect blend of residential and commercial spaces that are ideal to many middle class home buyers. Easy connectivity, growing commercial belt and economical property prices in Noida are luring in a pool of the cosmopolitan crowd towards this region of the city. So don’t shy away from buying a property in Garia or investing in resale flats in south Kolkata especially in a locality like Ballygunge as they are highly bankable and are capable of generating high returns.
Areas like Park Circus, Bhawanipore, Tollygunge, Alipore, Ballygunge, Garia. Baruipur form south Kolkata. The region is also cited to be an educational hub thanks to the presence of many educational institutions like Indian Association for the Cultivation of Science and Indian Institute of Management Calcutta. The existence of many reputed health-care facilities too have attracted many families and retired personnel to shift base here. The many recreational spots makes this region one of the most sought after places for realty investment. Local and national real estate developers are basking in the glory and are creating extraordinary apartments in south Kolkata. Ranging from being affordable to mid-segmented to even uber luxurious, one is definitely spoilt for choice every time they decide to invest here.
Some of the most preferred residential localities include Tollygunge, Garia and Ballygunge. While Tollygunge attracts many home buyers due to its modest budgets, Garia attracts many investors for its high ROI (Return on Investment). Capital values of homes in Tollygunge are expected to hover over a price bracket of Rs 4,000 and Rs 5,200 per square feet depending on the amenities and facilities offered by the builder. Similarly, properties in Garia are likely to cost an average of Rs 4,000 per square feet and the same house can generate a rental yield of Rs 15,000 per month making the locality a sought after destination for many working professionals.
Owing its development to seamless connectivity and its developing social infrastructure- the realty sector of Ballygunge is currently witnessing an upswing. The well constructed homes and the open green spaces are luring many property seekers. Capital values of properties here have escalated over 16% in the last year and the prices continue to soar. Resale flats in south Kolkata especially in Ballygunge are cited to be bankable due to its stable construction. Resale value of 2 and 3 BHK apartments here are cited to cost an average of Rs 11,200 per square feet.
With the city’s realty sector reviving, home buyers and property seekers are leaving behind their inhibitions and are investing in south Kolkata due to its high fruitful returns. These suburbs offer the perfect blend of residential and commercial spaces that are ideal to many middle class home buyers. Easy connectivity, growing commercial belt and economical property prices in Noida are luring in a pool of the cosmopolitan crowd towards this region of the city. So don’t shy away from buying a property in Garia or investing in resale flats in south Kolkata especially in a locality like Ballygunge as they are highly bankable and are capable of generating high returns.
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