Overview
Salt Lake City, located in the north-eastern parts of Kolkata is a planned satellite town in the Indian state of West Bengal. This locality is also known as Bidhannagar. It was developed between 1958 and 1965 to accommodate the thriving population of Kolkata. It got its name from exactly that - a salt lake. The whole area of the township used to be a huge salty wetland dotted with little fishing villages along its edges has now become the hub for several new IT companies. Dr. Bidhan Chandra Roy, the first Chief Minister Of West Bengal, who planned to build a modern township over that salt wetland. You will still find many lakes beside salt lake in Kolkata. This suburban towns of Kolkata have recently witnessed tremendous growth in terms of new commercial development and emergence of IT Hubs. It is located at a distance of 1.4 km via 3rd Avenue. South Dum Dum, Kestopur, Newtown, Kankurgachi, Tangra, Topsia, Baguiati are its neighbouring localities. All the plots of land in Salt Lake City are leasehold plots and the Urban Development Department (the Lessor) directly manages the land matters. Some of the key projects in Salt Lake City are Chaya Neer, Sun Helious Mansion, Star Prime, Sureka Stesalit Towers, Purple Sunflower, Merlin 5th Avenue among others.
Connectivity
The Eastern Metropolitan Bypass (EM Bypass) links the area to localities in south Kolkata.
A Metro link to Salt Lake City under the second phase of the East-West Metro Project is likely to be operational by December 2020. This will boost connectivity from Bidhannagar to other parts of the city. The Metro route shall connect Howrah Maidan (East) to Salt Lake Sector V (West).
It has excellent connectivity to Netaji Subhash Chandra Bose International Airport at 12.9 km via Jessore Road.
Dumdum Metro Station is the nearest metro station to Salt Lake City which is located at 9.5 km via Canal Circular Road.
Dum Dum and Bidhan Nagar Railway Station is the nearest railway station to Salt Lake City. However, Bidhan Nagar Railway Station is the nearest railway station which is located at a distance of 4.7 km via Ist Avenue.
It has excellent connectivity to major railway junctions of Kolkata Such as Sealdah, Howrah, Shalimar and Kolkata Railway Station. Sealdah Railway Station is one of the major railway stations serving Kolkata. Sealdah is one of the busiest railway stations in India and an important suburban rail terminal. After completion, Kolkata Metro Line 2 will pass through Sealdah.
Reason for investing in Salt Lake City
A group of IT offices has grown in Salt Lake City. Offices of renowned IT companies such as Wipro, TCS, Accenture, IBM, Tech Mahindra, Genpact, HCL Technologies, NIIT Technologies, Siemens, Cognizant Technology Solutions, Capgemini, Deloitte and Lexmark are located here.
Sector-V in Salt Lake City is one of the popular sub-locality which houses many under-construction and established business and IT Parks. Commercial office spaces are also available in plentifulness.
All the basic infrastructural facilities and luxury lifestyle amenities are available to meet the everyday needs of the residents. Salt Lake City is also home to a number of academic institutions too.
Salt Lake City municipality was one of the four municipality areas alongside New Town, Haldia and Durgapur which may come under the Centre's 'Smart City' scheme.
Factos for past growth
Its close proximity to Netaji Subhash Chandra International Airport along with city's major IT Parks such as Wipro, TCS, Accenture, IBM, Tech Mahindra, Genpact, HCL Technologies, NIIT Technologies, Siemens, Cognizant Technology Solutions, Capgemini, Deloitte and Lexmark are located here. A large number of workforce, working in those areas want to stay close to their workplace. As a result, demand for rental properties in Salt Lake City get significant growth.
Factors for future growth
Services of the phase-1 of East-West Metro from Salt Lake Sector V to Salt Lake Stadium in the city are expected to commence before Durga Puja in October 2018. It will reduce the time for working people who works in Sector-V (IT Hubs).
Excellent Connectivity to Dum Dum Airport, Sector-V, major railway junction such as Dum Dum, Sealdah and Howrah along with major IT Hubs of the city contributed in the growth of the locality as well as created residential demand in the locality.
Infrastructural Development
Salt Lake City is home to number of educational institutions such as International School of Business and Media, Institute of Engineering and Management, National Institute of Fashion Technology, Indian Institute of Foreign Trade, Kolkata and Bharatiya Vidya Bhavan.
Some of the nearby malls catering the daily needs of the residents of Salt Lake City are Sysme Mani Square Mall, City Centre Kolkata and Complex Points.
Healthcare facilities are also good in the localities. Some of the reputed hospitals in the locality are ILS Hospital, Calcutta Heart Clinic & Hospital, AMRI Hospital, Apollo Gleneagles Hospital, North City Hospital to name a few.
