Top 5 Kolkata Localities That Are Worth Your Money
Data available with PropTiger.com show Kolkata hosts over 75 per cent of the inventory stock in the affordable segment present in nine major property markets of the country. This provides buyers/investors an opportunity to invest in Kolkata real estate at lower rates and earn regular rental income. To assist you in your search, we list five localities in Kolkata where the demand for property is the highest.
Livability score: 8.1
Average price: Rs 3,697 psf
A well-known suburb in Kolkata, New Town is an integrated township which comprises residential localities, commercial centres and corporate complexes. The locality is also well connected to some of the key areas such as Salt Lake and VIP Road. The Kolkata international airport is four km from New Town, which will soon be connected through a Metro line.
Property profile: New Town has the highest number of options available for sale in Kolkata, with 293 projects in different stages of construction. Over 225 of these projects are ready for possession while over 60 are under construction. Available in 1BHK-6BHK configuration, the average price of these apartments ranges between Rs 23.4 lakh and Rs 3.4 crore.
Livability score: 7.9
Average price: Rs 3,775 psf
Located in the north of Kolkata, Rajarhat is among the well-established suburbs in the city. It is surrounded by some of the key commercial areas, including New Town, Dum Dum and Keshtopur. The locality is has a well-developed social and civic infrastructure, including healthcare centres and educational institutions.
Property profile: With 170 projects, Rajarhat has the highest number of projects available for purchase. Over 130 of these projects are ready for possession while the remaining 35 are under construction. These projects offer apartments in 1BHK-5BHK configurations and their average price ranges between Rs 22 lakh and Rs 1.45 crore. You could also buy plots here for an average price of Rs 11 lakh.
Livability score: 7.8
Average price: Rs 3,698 psf
Howrah is among the prominent localities in Kolkata, lying on the south bank of the Hooghly River. The locality will soon be connected to other key parts of the city through the East-West Corridor (Line-II) of the Kolkata Metro. This route will also have the first under-water Metro tunnel that will lead to Howrah. This old locality has a well-established social and civic infrastructure.
Property profile: Howrah has 85 projects in different stages of construction; 61 ready to move and 24 under construction. Unit configuration could range between 1BHK and 5BHK. The average price of these apartments ranges between Rs 15 lakh and Rs 1.82 crore.
Livability score: 7.9
Average price: Rs 2,920 psf
Another locality on the Kolkata Metro map, Joka is an emerging and affordable real estate market. It is located in the southwest of Kolkata and houses the Indian Institute of Management. The locality is still in a developing stage and offers property at affordable prices. The locality also has a number of educational institutions and healthcare centres.
Property profile: Joka has nearly 70 projects; 50 projects ready to move in and 18 under construction and one newly launched. Units are available in 1BHK-7BHK configurations in a price range of Rs 13-97 lakh. You could also buy plots here for a starting price of Rs 7 lakh.
Livability score: 7.5
Average price: Rs 2,475 psf
Located on the outskirts of the north of Kolkata, Barasat is an emerging locality offering properties at affordable rates. The locality will soon be connected to the Kolkata international airport through a Metro network (Line-4). This development will fuel demand for property here, escalating property prices.
Property profile: There are 24 projects up for sale in Barasat. Of these, 14 are ready for possession and 10 are under construction. One could find apartments in 1BHK-4BHK configurations with average price ranging between Rs 9.73-32.62 lakh.