Top Affordable Projects In Kolkata’s New Town
As it stands today, Kolkata’s New Town is an ideal choice for those looking for affordable property in the City of Joy. Prices are at its record low currently in this real estate hotspot ─ data available with propTiger.com show average prices stand at Rs 3,500 per square foot (psf).
This, however, is set to change, thanks to the locality getting a Metro connectivity. Construction is underway on Line 6 of the Kolkata Metro that will connect the Netaji Subas Chandra Bose International Airport to New Garia while passing through New Town. This route is expected to be operational by 2021.
Since rates are likely to see an upwards movement in future, time is ripe for investors to put their money in a realty hotspot. To assist those investors who are willing to exploit the opportunity,PropGuide lists five projects that in New Town that offer homes under Rs 50 lakh.
RERA Id: HIRA/P/NOR/2019/000372
This project by Merlin Group offers 1BHK apartments in five different that range between 518 square foot (sqft) and 530 sqft. Prices of these units run between Rs 12.43 lakh and Rs 12.72 lakh.
The project, which will be ready for possession in June 2020, offers all the basic amenities for the dwellers, including a gymnasium, a children play area, an intercom facility, a 24x7 security system, power-backup provision, etc.
RERA Id: HIRA/P/NOR/2018/000136
This under-construction project by Core Construction & Development that is set for delivery in March 202 offers 2BHK units in four different configurations, ranging between 601 sqft and 712 sqft. The 16 apartments in the project are available in the price range of Rs 18 lakh to Rs 21.4 lakh.
Amenities in the project include round-the-clock security, a gymnasium, Wi-Fi connectivity, a power backup facility and a closed car parking area.
RERA Id: HIRA/P/NOR/2018/000059
This project by Ambey Group has 36 units of 1BHK and 2BHK configurations that will be available for possession early next year. These units are available in seven different sizes, ranging between 450 sqft to 925 sqft. Apartments in the project are are priced between Rs 21.60 lakh and Rs 44.40 lakh.
The project is equipped with all basic facilities.
RERA Id: HIRA/P/NOR/2018/000069
Those looking for a premium property in the affordable price range can opt for The Sky Garden, an offering by The Banyan Tree group. The project offers 188 units in 2BHK and 3BHK configurations in different sizes. Rates of units vary between Rs 34.63 lakh and Rs 53.07 lakh. The project that offers amenities such as an amphitheatre, a children’s play area, a club house and a gymnasium will be ready for possession by 2022.
RERA Id: HIRA/P/NOR/2018/000190
This under-construction project by Neelkanth Nirman is offers buyers over 160 units in 2BHK and 3BHK configurations. Rates of these units range between Rs 34 lakh and Rs 49.47 lakh.
The project will offer buyers amenities, including an amphitheatre, a children’s play area, a club house, a fire-fighting system and a gymnasium.