Affordable Housing Concept in Kolkata

Affordable Housing Concept in Kolkata

affordable house in Kolkata

The word affordability is quite deceptive in India. There is a lot of misconception that the term denotes cheap and low-cost or low-profile real estate property. Rather, it defines the scope of buying a house by people of different demographics, income categories, structures, social-economic backgrounds, etc. 

At present, real estate developers are focusing on creating a standard price for every individual, based on the necessary amenities, preferable and secured locations and other essential add-on features. One can easily get 2 BHK, 3 BHK or 5 BHK within their budget if they are seeking an affordable house in Kolkata

Kolkata being the cultural capital has the highest demand for homes. If you are a student, a salaried person, or maybe looking for a house for self-use or for family, you can easily get a house in the “City of Joy”.

Where to find the most affordable housing project?

The most affordable housing project that you can find in Kolkata is near the fast-growing city of North 24 Parganas called New Town. Being around information technology and an official hub growing side by side in this North Eastern fringe, this is the best location for investment in real estate property. The location also provides a perfect picturesque view as well as affordable rates based on the current data. 

The most interesting fact is that the prices can go as low as Rs. 3500 per square foot. This has become one of the top localities in Kolkata for investment and you can easily get homes at rupees 50 lakh. Other than these, you can also get the best affordable house in Kolkata at New Alipore, Dum Dum, Tollygunge, Ballygunge and EM Bypass.

Salt Lake

If you are looking for an affordable locality near Kolkata’s IT hub, then Salt Lake would be the most preferred location for IT professionals. Here you get well-planned playgrounds, hospitals, shopping malls and also educational institutes. The rent of 1 BHK is approximately 15000 per month.


If you like the commercial hub, then Tollygunge which is near the Bengal Film City would be your best buy location. Here also you can get malls, hospitals and educational institutes within your reach.


Other than commercial places, the predominantly occupied area by students is Jadavpur, which is well-maintained and comes at a reasonable price. Here you also get facilities of local transport such as metro, auto-rickshaw, bus, along with hospitals, shopping malls and education institutes.

Dum Dum

Dum Dum is a prime location which is situated near the Netaji Subhash Chandra Bose International Airport and has a high demand as it connects through Jessore road, VIP road, Belghoria Express and NH 34.


Facilities you get at an  affordable house in Kolkata

When it comes to the idea of affordable houses you should definitely check out these basic facilities that are common for budget-friendly as well as luxurious housing complexes. 

Transportation and connectivity 

This is the most basic requirement for any homebuyer. The seamless connectivity in and around the city makes the living cost comparatively low in Kolkata in comparison to other metropolitan cities, such as Bangalore, and Chennai. 

With the construction of Metros, transportation connectivity has been easy. It connects the major part of the city from North to South. And, by 2022, the Netaji Subhas Chandra Bose International Airport will also get connected to New Garia.

A better living area

Kolkata provides an excellent living and growing environment for children. You can easily get access to renowned education centers spread across the city and within your reach. Real estate developers are focusing on creating green space which would be helpful for the aged people to relax and breathe fresh air. 

Along with that 24×7 security, power backup facilities, senior citizen parks and car parking are marking these areas to be an important choice.

All the necessary amenities

In terms of basic amenities, you can get French-inspired homes with large windows in most of the real estate projects in Kolkata. The basic objective of the project involves allowing natural light and ventilation and thus, you also get a double stored ceiling. You can also find the dividers lined with solar power generation grid facilities which reduce the power consumption. Hence, reducing the overall electricity bills.

Along with that many real estate projects also provide gardens for walking, gaming zones, recreational centers etc. The present concept is to create a complex that includes renewable energy and is environmentally friendly.

Exclusive areas within the complex

While looking for an affordable property in Kolkata, you can also get an exclusive learning center for kids, theater, wellness center, clubhouse and an extended landscape. Many apartments also include premium amenities in the form of a jacuzzi, pool, and amphitheater to provide a holistic experience to the residents. 

You might also get to enjoy yoga in the fitness area. Moreover, for all the gaming enthusiasts or health concerns people, residences are also equipped with health clubs, and badminton courts and everything is within the affordable range. The availability of ATMs, pharmacies and grocery shops within the premises makes living in these areas a lot more comfortable.

Better accessibility and return

The new housing projects in Kolkata include commercial and hospitality at their best. Installation of solar-powered structures can provide various possibilities and accessibility to the residence. 

Booking of these spaces is growing faster and investment in these affordable housing projects brings in much more profitable returns when compared to bank investment or gold appreciation.

Initiative taken by Indian Government to make homes affordable 

The Indian government has also taken initiative to provide the new buyers with an affordable house in Kolkata scheme while buying 2 BHK, 3 BHK or 5 BHK. With the announcement of the “Housing for all” by 2022 mission, there have been many schemes to ease up the property buying process. 

Based on the schemes, the Central government would provide 1 lakh on average for rehabilitation programs. Other than this interest subsidy of 6.5% is also provided on housing loans under the Credit Link Subsidy Scheme (CLSS). The income group has been divided into four categories EWS, LIG, MIG I, and MIG II. The maximum subsidy given based on the income group ranges from Rs. 2.67 lakh to Rs. 2.30 lakh with a loan tenure of 20 years.

Schemes have been launched, such as PMAY and Nijashree by the West Bengal Government. Even the Hidco (Housing Infrastructure Development Corporation) plans are trying to set affordable housing projects for LIG and EWS. Thus, specific architectural designs are being prepared. Further, Smart City Mission projects are also a viable venture to create affordable real estate property.


Kolkata has become a core strength when considering the Indian real estate market. You can get property based on various ranges that suit the budget, and necessity. Browse through Srijan Realty for the best location and apartments around Kolkata at an affordable price.

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