Kolkata also known as ‘The City of Joy’ has been the cultural, economic, educational, trade, and intellectual centre of eastern India. Known for its tradition, culture, love, theatre, and finger licking food, it is based on the banks of a river with the famous Howrah Bridge to boast about. Initially being the capital of British India, Kolkata has a blend of colonial-era architecture along with modern developing urban skyline with the new fast developing suburbs and high-end air-conditioned shopping malls. Though it has it has its fair share of slums and poverty stricken dwellings, Kolkata has emerged as a mega-metropolitan city with exponential growth in its infrastructural and economy. The Kolkata real estate market has grown at a steep incline making it an optimal place to invest in.
In eastern India, Kolkata is the biggest economy, today. With many world-class multinational companies like IBM, Accenture, TCS, Wipro, Cognizant Technology Solutions based here, Kolkata, mainly Salt Lake City, has become an IT hub (IT, ITeS and BPO sectors) and is one of the largest software exporters of India. The headquarters of three mega public-sector banks: Bank, UCO Bank, and United Bank of India are based here. Thousands of IT professionals have made Kolkata their home and are investing heavily in real estate here. Famous multinationals and government divisions that have headquarters in Kolkata include Tata Steel, Ape jay, ITC Limited, the Tea Board of India, and the Ordnance Factories Board of the Ministry of Defense.
Localities of Kolkata that have developed in posh areas, with unmatched fast paced development, include South and Central Kolkata, Garia,Ballygunge, Alipore, New Alipore, Hazra, Gariahat and Park. The prices of real estate in Kolkata have reached dizzying heights and today command a price almost equal to Park Street and Camas Street (major retail and office zones), and are at par with the most expensive areas in the country today.
Kolkata continues on the growth trajectory with an extensive public transportation network like the Suburban Railway network. The elite people of Kolkata enjoy a multifaceted lifestyle full of grandeur and fun. High-end shopping malls and commercial areas include Forum Mall, Quest, Acropolis, City Centre I & II, New Market, Esplanade, Burrabazar, Fancy Market, and Vardaan Market. Leisure and amusement landmarks include Nicco Park, Wet O Wild, Birla Planetarium, Zoo, Victoria Memorial, famous clubs like Calcutta Club, and cultural & arts centers like Nandan.
The high demand for Kolkata real estate has made areas like Rajarhat, Jessore Road, Naktala, Ranikuthi, Tollygunge, EM Bypass, Behala, New Town, Narendrapur, and Behala really high on demand. Areas like Joka and Anwar Shah Road. Are also seeing many takers. More satellite townships are developing similar to Salt Lake area.In the current scenario, areas closer to the airport like Lake Town, Baguihati, Keshtopur, and Teghoriaare high on demand, making investing in Property in Kolkata a lucrative option.
To fill in the great demand for optimal living spaces, a number of reputed developers have on offer world-class residential projects, giving the investor a mind boggling choice to choose from.
Invest in Kolkata to reap in the benefits!
October 13, 2017