Here Are The Best Places To Invest In North Kolkata}

Submitted by: Anamika Verma

Real estate in Kolkata has witnessed an unparalleled price rise in the North Kolkata localities like Chitpur Road, College Street area, Barabazar and Belgachia. The factors, which behind such a steep rise in the select localities, include successful retail & commercial projects, limited availability in real estate options and also improved connectivity with prominent areas in Kolkata. This has given multiple public transport options including taxis, Metro, trams, local buses and trains. So, if you are looking to invest in this real estate market in order to buy flat in Kolkata, then take a quick glance over the list of best places in North Kolkata which can yield high returns on investments.

New Town: For High Returns on Property

New Town is being built up as a fast growing planned satellite city with a number of residential projects, SEZs, hotels, IT parks, malls and shopping complexes. This well-balanced developmental approach has increased the probability of demand for commercial offices, which has shifted together with the residential requirements. In the recent years, the price of residential properties in this region has gone up by nearly 50 percent. Even developers are expecting more than 15 to 20% increase in the prices by this time.

The College Street Area: Future Commercial Investment

The property prices in the college street area, the most popular real estate center in North Kolkata, are found to be unique when it comes to their capital appreciation. The area is also fast turning into a major IT hub because a huge number of industrialists are going to invest here. The area has several high-rise projects comprising of high end apartments priced in the 55-60 lakh range. Furthermore, for those who are looking for villas, the college street area boasts of many villa projects starting from Rs. 1.6 crore approximately.

Barabazar: For Affordable Flats and Apartments

This area is said to be the best locality in North Kolkata because of its residential developments, which are planned with the intention to exhibit various hues of Kolkata. In this area, the average property prices are about Rs 3,800 per sq ft, making it an affordable option in comparison to several posh localities. As a number of residential properties are now coming up in this region, lots of investment opportunities are present here for prospective home buyers. Top apartments cost anywhere between 23 Lakh 38 Lakh. In total, there are over 70 projects in which some are under construction, whereas others are ready for possession.

Belgachia: For Both High-end and Affordable Property Options

It is a combination of both residential as well as commercial developments. Following rapid appreciation, the capital value has been growing slowly for the last one year. At present, it has over hundred projects with different stages of development. A few of the top projects are found to be a mix of both high-end and affordable property. With respect to the affordable category, you will get some renowned projects that cost Rs 12 Lakh onwards. In the high-end category, the locality has independent house for sale in Kolkata with 2BHK, 3BHK & 4 BHK apartments, which cost between 45 to 85 lakh.

About the Author: Anamika Verma writes on various types of financial loans and has a vast experience as a real estate & financial advisor. Her expertise on financial & legal issues is well sought after. She has written more than 1000 blogs on topics related to real estate laws, property taxes, home loan. A post-graduate in finance management, Anamika loves to travel or cook in her free time.

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