Right To Home PropExpo: Invest in Kolkata' Top 5 Localities That Offer Value

Kolkata is one of the most affordable real estate destinations in the country, when compared to other leading cities in India. With that being said, Kolkata is still home to a number of leading developers in India, which are known for developing quality homes.

If you are in process of buying a new home, this could be the right time, as home loan interest rates are at their lowest. Moreover, to help you choose the best deal from the best developer, PropTiger is organising the second edition of India's largest property expo, Right To Home in Kolkata on 6th and 7th February, 2021. Homebuyers will be able to shortlist properties and get on-spot offers from the developers. In addition to this, you will be able to interact with our property experts, get home loan assistance and lowest price guarantee on RERA-approved projects that too, at zero brokerage.

Right To Home PropExpo in Kolkata - Offline

To register for the Right to Home event and avail of attractive offers and discounts, click here.

Right To Home PropExpo in Kolkata - Online

This provides buyers/investors with an opportunity to invest in real estate in Kolkata at lower rates and still own a branded property and earn returns that are as good as any other city. To assist you in your search, we list five localities in Kolkata where the demand for properties is highest.

New Town

Livability score: 8.1

Average price: Rs 5,063 per sq ft

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 kms from New Town, which will soon be connected through a Metro line.

Property profile: The area has a number of upcoming residential projects, including Merlin The Fourth and Purti Veda. The property prices here start from Rs 52 lakhs and can go up to Rs 2 crores. 

Rajarhat

Livability score: 7.9

Average price: Rs 4,118 per sq ft

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 has well-developed social and civic infrastructure, including healthcare centres and educational institutions.

Property profile: Property options available in Rajarhat include 2, 3 and 4BHK units, mostly in apartment projects such as Merlin Urvan, Rishi Pranaya and many others. A 2BHK apartment is available here at a starting price of Rs 44 lakhs. 

Howrah

Livability score: 7.8

Average price: Rs 3,579 per sq ft

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 well-established social and civic infrastructure.

Property profile: Howrah is one of the most developed suburbs in Kolkata where builders like Shapoorji Pallonji, Merlin and Shree Balaji already have their projects. A 1BHK is available here at a starting price of Rs 25 lakhs while a 3BHK is available at Rs 52 lakhs. 

Joka

Livability score: 7.9

Average price: Rs 2,920 per sq ft

Another locality on the Kolkata Metro map, Joka is an emerging and affordable real estate market. It is located in the south-west 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 projects from all the leading developers, including Godrej, Merlin, Solaris and many more. The most common configurations are 2 and 3BHK apartments, which are available at a starting value of Rs 35 lakhs. 

Barasat

Livability score: 7.5

Average price: Rs 2,732 per sq ft

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 properties here, escalating property prices.

Property profile: Apart from apartment projects, there are a number of villa projects in the area, which homebuyers can explore. The starting price for a 2BHK apartment here is Rs 26 lakhs. 

Note: Availability of projects and prices may change depending on market dynamics.