If you are looking for a city that can provide great investment opportunities in the real estate sector, you can stop your search in Kolkata. A plethora of residential options are provided by the city, attracting people from different parts of the world. Garia, New Town, Behala, Maheshtala, Baguihati are some of the well-known places where you will come across real estate developers in Kolkata.
Improvement and Advancement in IT Culture in Kolkata
Unlike other Tier 1 cities in India, Kolkata was a late joiner in the IT hub bandwagon. However, in the current time, the city surrounds some of the world’s top corporate houses, including Infosys, TCS, Wipro, and Cognizant.
The improvement and advancement in the IT culture in the city have shown the path for better infrastructure and more residential options.
There are various growth corridors in the city that are distributed in several budget segments. Thus, if you are looking to invest in Kolkata, then here are some destinations you can think about based on your budget.
Baguihati and Maheshtala: Most Popular Destinations in Kolkata
Baguihati and Maheshtala are most favoured among the people looking for properties within INR 40 lakhs shown by reputed real estate developers. Both of these places come under the Kolkata Metropolitan Development Authority (KMDA). However, you are looking for a place near South Kolkata, you should consider Maheshtala, and if you are looking for a destination near the northeastern periphery, Baguihati is the best option.
Baguihati has become a popular housing market, and you will find trusted real estate developers here. The popularity is due to various reasons like it is in close contact with Rajarhat, Salt Lake, and New Town. Additionally, you can take advantage of the metro station to travel, which is just 8 minutes away.
On the other hand, Maheshtala is a popular attraction because of its closeness with various educational centres. Some of the well-known places around this locality include Pujali, Uttar Raipur, Behala, and Budge Budge.
Rates of Properties in Baguihati and Maheshtala
On average, you will find properties in Baguihati charging around INR 2,800-3,500 per square foot. You will find homes in Maheshtala around INR 3,000-3,900 per square foot on average.
The rates might change after the ongoing project of purified water supply. Most of the areas around Maheshtala can gain benefit from this project at Akra Brickfield land. Both Baguihati and Maheshtala have huge potential when we look from the investment perspective.
Behala: Promising Housing Destination
Another promising housing market in Kolkata is Behala which is popular due to its social infrastructure and connectivity quotient. This place is not only close to employment hotspots but is also close to various chemical, pharmaceutical and plastic factories.
Additionally, the area’s popularity is also increased due to the technology-driven companies in Salt Lake, Alipore, and Tollygunge. As it is located around the National Highway, it is the most preferred option among working professionals.
Rates of Properties in Behala
With the help of real estate developers in Kolkata, you will easily find 2 BHK in Behala in the range of INR 47-55 lakhs. If you are looking for 3 BHK, you will find it in the range of INR 65 lakh to INR 1 crore.
Quickly Growing Popularity of Garia
Garia is one of the suburbs; the popularity of the place is quickly growing in Kolkata. It is a good investment hub for the people who are working outside of their homes as it is close to the Eastern Metropolitan Bypass.
Garia has commendable facilities when it comes to infrastructure. In the upcoming years, the prices and demand in Garia can increase manifold.
There are various residential options you can consider if you want to make a real estate investment in the city of Kolkata. You can take advantage of the various schemes and offers during the lockdown by the real estate developers in Kolkata, such as https://srijanrealty.com/.