Real estate Investment in Kolkata

May 3, 2024

Real estate Investment in Kolkata

Real estate Investment in Kolkata, faced the worst effects of the pandemic and it was almost shattered after the pandemic Covid 19. However, this industry has recovered well. Both Kolkata & India’s real estate market are growing significantly. According to the data, the Kolkata real estate market has over 4800 properties registered in the city with 64% YoY growth over February 2023. At the same time, India’s real estate myrtle saw a growth of 7% back in 2023. Experts are saying that this growth is going to continue.

They are expecting to undertake a growth rate (CAGR) of 9.2% during the five years from 2023 to 2028. In a nutshell, the future of the real estate market is promising & flourishing. So, many of the citizens are focusing on making investments in the real market and as the Kolkata real estate market is way more affordable than the metro cities, that’s why a large section of people are making their investments in the Kolkata real estate market. In this blog, I will inform you of some of the best places for investment in Kolkata. To get help on your real estate decisions or investment, connect with Vinayak Realtech at any time.

1. Rajarhat, New Town- Real estate Investment in Kolkata:

Rajarhat, New Town is the adjacent area of Kolkata. Here you will be able to get companies like TCS, Wipro, etc. So, every year a lot of people come here to stay. Apart from business parks, this area has a lot of residential buildings as well, and investing in one of them can be one of your best decisions ever. You can stay here or you can put it on rent to make an alternative income source as well.

For this, you can connect with Vinayak Realtech. They have several projects in this area alone and you will have several options to choose from. For example, one of their latest projects is Rajkunj. It is built over 19 katha land area and has 2 blocks. Here you will get facilities such as a kid’s gaming room, jacuzzi, 24*7 security, and so on.

Rajarahat is situated at the heart of Kolkata. It is connected through the rest of the city through 2 famous roads: EM Bypass & VIP road. The roads are well built, well lightened and the law & order is perfect.

Here you will be able to get hospitals such as Tata Medical Centre, OHIO Hospital, Bhagirathi Neotia Woman and Child Care Centre, etc. You will be able to have educational institutions such as Amity University, Techno India Group, etc. here. So, basically, this area has every life amenity. So, as a property owner, you will be able to get double the price of your property after a few years if you invest here today.

2. Joka- Real estate Investment in Kolkata:

Joka is the southwest part of Kolkata and it is one of those areas which are known for infrastructure development, good connectivity, and affordable properties. This helps in quick connectivity with the popular areas such as Esplanade, Howrah & Sealdah. Currently, the Joka metro project is ongoing, and this metro project has the capability of changing the whole scenario of this area.

In Joka, you will be able to find educational institutes such as Techno India Group, Children Academy, etc. while in hospitals you will have access to renowned places such as ESI-PGIMSR, ESIC Medical College, etc. You will be able to get residential property at an average rate of 2,306 (it is variable) and can be one of the best investments for your life.

3. International airport area:

The neighborhood area of the airport. Very precisely, the 15 km area around the City Centre; is one of the best places in Kolkata for real estate investment. This area is popular for various reasons such as the proximity to the airport area, and the proximity from the Salt Lake Sector V & for communication. This area has great connectivity & has communications such as train busses, metro etc. Additionally, this area is also the adjacent area of Nager Bazar, Jawpur, Chatakal & Rajbari which are the busiest areas of Kolkata.

In educational institutes, this area has Netaji Nagar Vidyamandir, JLD College of Engineering And Management etc. In hospitals, you will be able to access famous hospitals such as Astha Medical, Lions North Calcutta Hospital & Medical Centre etc.

4. Madhyamgram:

Are you surprised by hearing the name Madhyamgram? Well, don’t be. Lying near the airport, this locality brings affordable luxury to life. Apart from well-built roads & communication system, here you will be able to access the best schools such as Central Point School, Camellia Public School, Sudhir Memorial Institute etc.

With over 60% of for-sale properties priced between 20-40 lacs, it is a fixed deposit for middle-class investors.

5. Santoshpur:

Santoshpur is one of the posh areas of South Kolkata. However, buying a brand-new property can be a bit difficult. However, if you have the budget, you can look for a property here. It will be a fixed deposit for you. The price here ranges from 4000-6000 rs /sq ft.

6. Southern Bypass:

Southern Bypass can be called one of the most popular destinations for real estate investors. Metro & well-built roads are connecting this area with the rest of the city. Especially, after the metro connectivity, this area has archived another level of popularity among home buyers.

Sammilani Mahavidyalaya and Delhi Public Schools are one of the best education institutes in this area.

This area is also closer to famous healthcare providers such as Peerless Hospital & Ruby General Hospital.

You can get residential property at 5000 rs/sq ft. here (it is variable).

7. Behala:

Behala is one of the most popular places in Kolkata, and it is also popular among home buyers as well. Do you why? It is popular because it is one of the most adjacent areas of Kolkata, and it has a great communication system. It is well-connected with different parts of Kolkata such as Park Street, Howrah, Bidhhannagar & Sealdah.

Behala has proximity to various office spaces such as Bhawanipore, Diamond Harbour Road & Camac Street. This attracts a lot of tenants for the homeowners of this area. Due to this reason, the demand for the 2 BHK properties is highest in this area.

Behala is another posh area of Kolkata. So, it is almost obvious that this area has some of the best schools or hospitals in the nearby places.

Behala has famous educational institutes such as National Gems Higher Secondary School, Behala College etc.

It has famous healthcare providers such as Vidyasagar State General Hospital, Narayan Memorial Hospital etc.

You will be able to get a residential property at an apartment with the price of 4,072 rs/sq ft. (it is variable)

Some common FAQs:

Is real estate a good investment?

Real estate is one of the best investments. For example, if you buy a flat today, you will be able to save tax, you will be able to generate a monthly income by putting it on rent and during the need you will be able to generate a heavy amount by selling it out. It is one of the best ways of building wealth.