The City of Joy is indeed joyous when it comes to making your pockets full with high returns from investing in property. As revealed by sources, Kolkata accounts for more than 75% of the entire inventory stock available in the affordable sector of India’s 9 leading property markets. We have listed the localities that turn out to be the best bet for incredibly amazing ROI. Take a look.
Enclosed by locations developing over the years such as Keshtopur, Dum Dum, New Town, Rajarhat is the modernised extension of the city towards its north that has become quite popular with the recent home buyers. Structured as a planned township, the area is dotted with as many as 170 projects for buying. Plots worth 11 lakh rupees can be availed as well. The overall cost of apartments here vary from 22 lakhs to 1.45 crores as per sizes in the range of 1 and 5 bhk.
The posh twin of Rajarhat is called New Town that boasts full-fledged connectivity to different corners of both the city and the globe with the proximity of International Airport at a distance of 4 kilometres only. The Metro Railway line isn’t also too far and hence, there won’t be the slightest problem in the daily commute. The township houses around 293 projects belonging to various states of construction in sizes varying from 1 to 5 bhk at a price range of 23.4 lakh to 3.4 crore rupees. The average price per square feet is 3,697 rupees.
Dum Dum has already earned its fame as the immediate neighbourhood of the distinguished Kolkata International Airport and has been an alluring property market for buyers in search of affordable prices, for more than a decade. Two of the famous Durga Pujas attracting thousands are also held here.
Once almost a hamlet excluded from Proper ‘Calcutta’, Barasat has paced to the transformation of the city as ‘Kolkata’ and now bustles with countless apartments, shopping malls and other amenities. Its connection with the International Airport shortly through Metro Line 4 adds to the prosperity of the location. Apartment sizes of 1 to 4 bhk can be purchased at relatively half the prices, varying from 9.73 to 32.62 lakhs.
Apart from the iconic Rabindra Setu, Howrah will now provide smooth transportation to the core areas of Kolkata through the Line II East-West Corridor Metro that is nearing completion. This Metro tunnel being the first one underwater has already become a sensation thereby, enhancing the significance of this locality. The average price square feet is 3,698 rupees. Apartments between 1 to 5 bhk can be purchased within 15 lakh and 1.82 crore rupees. The view and cooling breeze from the Ganges is a gift.
Undergoing tremendous development, Joka, the southern suburb of Kolkata is now a hot favourite in the affordable segment of the realty market. You can buy high-profit earning plots for the future only at mere 7 lakh rupees. The apartments ranging between 1 and 7 bhk are available within a price bracket of 13 to 97 lakh rupees, which means that per square feet area costs an average 2,920 rupees.
The arrival of Metro link to Airport, the branching of EM Bypass into eight lanes and increasing Metro transportation, are facilitating the growth of Garia in the southern extension of Kolkata, with each new day.
Behala, though a renowned location in South Kolkata for around 2 decades due its connectivity and other infrastructural amenities including the popular Durga Puja pandals, offers properties at relatively lower prices than those in the recently emerging posh localities along EM Bypass. Affordable housing priced at approximately 3,800 rupees per square feet has made Behala the most sought-after location for Real Estate investment/ purchase.
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