Prospects of investing in Lake Town

Q: What are the future prospects of investing in Lake Town? I am planning to buy three BHK residential house for sale in Lake Town. Is it worth investing in these areas? What are the current price trends and good projects to invest.

Rajarshi Gupta, Kolkata

7th July 2013

Investment Advice in Kolkata

investing in lake town

apartments in lake town

residential house in lake town

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Replies (3)

I am planning to go with Bhawani Exotica, Can I get some information about the project?

Anil Debnath, Kolkata

7th July 2013

Comment

Bhawani Exotica is one of the ongoing projects of Bhawani Group. The project is expected to get completed by August 2014. The project also offers all modern amenities like Garden, Swimming Pool, 24Hr Backup, Security, Gymnasium, Indoor Games, Community Hall, Lift , CCTV etc

Subhajit Rao, Kolkata

7th July 2013

Lake Town is indeed a good investment opportunity as well as a good location for people seeking to purchase for residential usage. The location of Lake Town in the heart of North Kolkata is an added advantage and it offers great connectivity to all parts of the city. The traffic will surely get de-congested once the Jessore Road flyover gets completed. The close location of Lake City to Rajarhat is a very big advantage. The residential apartments in Lake City are likely to fetch good rentals in the near future. The price for residential apartment in Lake City ranges between Rs. 3500 to Rs 5500 per square feet.

Sajal Das, Kolkata

7th July 2013

Comment

You can check out for projects like Bhawani Exotica, Ujaas The Condoville, Mousmi Apartments and Mohini Apartment. They are offering 3 BHK apartments and the price of the apartment ranges from Rs 45 lakhs to Rs 1.12 crores.

Diptarishi dev, Kolkata

7th July 2013

Lake Town located in North Kolkata is one of the hidden gems as far as real estate investment opportunities are concerned. The biggest negative of North Kolkata is its congested roads and bottlenecks of traffic during the peak hours. The flyover at Nagerbazaar on Jessore Road is surely going to ease out the congestion making the area far more clogged than it is at present. Property rates of units in Lake Town, one of the prime residential markets of North Kolkata ranges between Rs. 3500 to Rs 5500 per square feet. Some of the developers present in this region include Fortune Group, Avani, Space Group and Godrej properties.

Diptarishi dev, Kolkata

7th July 2013

Comment

Hi Rajarshi, In the April-June quarter of 2013, the locality price appreciated to Rs 5014 per sq. ft. So I think it is a good idea to investment in this area as you can expect appreciation in the future days.

Poonam, Kolkata

7th July 2013