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Updated by psdigital on Nov 26, 2020
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8 Reasons to Buy Properties in Kolkata

Eight major reasons that prove Kolkata is the perfect place for a prospective homebuyer for every budget. Let’s have an in-depth look at these factors.

Source: https://psgroup.in/blog/reasons-to-buy-flats-at-new-kolkata/

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1. Affordability

Whether you’re looking for flats for sale in new town Kolkata or anywhere else, the primary deciding factor is always price and value. Although the price of properties in Kolkata has been on a steady rise for over a decade, New Town presents many attractive home purchase opportunities for the value buyer. Since New Town is located on the periphery of the main city, flats in New Town Kolkata are available at considerably attractive rates as compared to flats in Kolkata South. You can find spacious and comfortable flats in New Town Kolkata with multiple balconies for a reasonable spend.

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2. Amenities

When it comes to comparing flats for sale in New Town, you can weigh in on different amenities present in the housing complexes, because trust us there are quite a few. Various reputed builders have pulled out all stops when it comes to enriching the lives of its prospective residents. New and Upcoming flats in Kolkata new town are part of large residential projects that feature many amenities such as well-staffed gymnasiums and clubhouses, swimming pools, jogging tracks, natural ponds, and the works. Once such a premium residential complex One10, offers 70% open space and several mind-boggling amenities within the premises for its residents. Homebuyers can avail various comforts of modern living in New Town without digging a deep hole in their pockets.

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3. Civic Planning and Infrastructure

New Town boasts of a well unified social structure comprising various specialty hospitals and clinics, reputed schools and colleges as well as outdoor attractions that lure both locals and travelers. The New Town School Kolkata, along with other renowned names like Delhi Public School and Ravindra Bharati Global school are well-regarded for their education stature around the country. Among colleges, Techno India University New Town, Amity University Kolkata, Aliah University, and University of Engineering and Management are well-known for their exceptional engineering pedigree. As a smart green city developed under the detailed directive of the National Institute of Smart Governance (NISG) and maintained by the new town Kolkata development authority, Rajarghat New Town is well-equipped with underground solid waste management systems, drone surveillance systems, and sensor-based street light conservation modules that truly places the city in a league ahead of the rest.

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4. Community

The community profile in New Town Rajarhat Kolkata is versatile and welcoming to all. The satellite city brings together a unique mix of people ranging from engineering and MBA students to IT professionals, musicians, and business people. The futuristic design of several housing projects housed in New Town offers a great sense of community interaction to the residents. Young academicians, married couples and extended families share a sense of coexistence with each other, which makes for a great sense of communal bonding.

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5. Connectivity

As far as transportation and connectivity goes, people who reside in the flats at New Town Kolkata have many options. The transport network of the area includes a range of well-developed transportation facilities, such as bus routes, metro lines, cabs and rickshaw services available at your disposal. For travelers who frequently skip out of town, Kolkata’s primary railway station and international airport are located at 14kms and 11kms respectively. More than 300 air-conditioned and non-air-conditioned buses begin at or pass through the New Town bus stand making the area one of the better-connected localities in Kolkata. As far as road transport is concerned, New Town is connected by many six-lane roads and highways such as Biswa Bangla Sarani Road, New Town Road amongst others.

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6. Employment Opportunities

IT parks, commercial buildings and corporate parks in New Town Kolkata provide employment opportunities to lakhs of people both directly and indirectly. Leading IT parks such as EcoSpace IT Park, Unitech Infospace, Candor Techspace house Wipro, Infosys, Cognizant and other fast-growing multi-national corporations. Gitanjali Park New Town, built-to-suit exclusively for TCS, is the largest IT campus in India featuring an expansive 40-acre campus that encloses 2.25 million square feet of built-up space and employs over 17,000 people. In addition to these IT behemoths, New Town Rajarghat also houses many leading Indian and International manufacturing, BFSI employers that are distinguished in their respective industries. These developments have cemented New Town’s position as a leading employment hub that attracts the best employers and talent from all over the country.

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7. Entertainment and Hospitality

Owing to the satellite city’s vibrant IT crowd and student population, New Town has become a thriving entertainment destination. The locality boasts of several malls such as within the New town action area 1 such as Aquatica Water Park, DLF Galleria, and Axis Mall New Town that offer access to much-needed retail therapy. Additionally, food and beverage establishments in Rajarhat New town are all the rage; New Town restaurants are famous for dishing out tasty cuisines and delectable delicacies that are enjoyed by the area’s residents- both young and old.

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8. Return on Investment

If you’re looking to buy flats at New Town Kolkata from an investment point of view, the locality presents an interesting value proposition. For example, a 2 BHK flat in New Town can cost you between 35-55 lakhs which can fetch you a monthly rental income of INR 16,000 to 28,000 depending on the quality of construction, amenities, and inner furnishing and fixtures.

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8. Return on Investment

If you’re looking to buy flats at New Town Kolkata from an investment point of view, the locality presents an interesting value proposition. For example, a 2 BHK flat in New Town can cost you between 35-55 lakhs which can fetch you a monthly rental income of INR 16,000 to 28,000 depending on the quality of construction, amenities, and inner furnishing and fixtures.