South Kolkata-Future prospects of investing in Alipore and Ballygunge
Ballygunge along with Alipore and other regions in South Kolkata form the epicenter of elite residential localities in Kolkata. South Kolkata is well connected to all the parts of the city including the commercial centers apart from being one of the most sought out residential locations in the city. Right from the British era to post independence India, South Kolkata has been one of the best residential colonies of the city. While Ballygunge, Alipore, New Alipore are considered the most prime residential localities, South Kolkata also has many famous educational institutions including Indian Institute of Chemical Biology, Lady Brabourne College and Indian Institute of Management Calcutta.
Ballygunge is one of the best areas to live in South Kolkata. The prices are definitely on the higher side but that is a premium one pays to live close to the city center amid sophisticated neighborhood. The current prices in Ballygunge range between Rs. 9000 to Rs. 11000 per square feet for residential apartments. The average rental for a 2 BHK apartment is between Rs. 45000 to Rs 50000 per month. Alipore and new Alipore are part of South Kolkata real estate segment and are considered to be one of the posh and up market real estate areas in Kolkata. The region is well connected to all parts of the city and at a stone throws distance from all commercial city centers. The prices in Alipore are quite steep and the prices in New Alipore offer a relatively cheaper option for the budget spenders. Both the areas are very good choices and have their own strong points. The residential price in New Alipore ranges between Rs. 8000 to Rs. 11500 per square feet.
The culmination of various infrastructural projects including the extended metro service from Tollygunge to Garia and construction of E.M. Bypass connector from Padmapukur to Kamalgachi is likely to boost the consumer segment in Gariahat essentially part of the Ballygunge area in the near future. Gariahat compromises of a vibrant commercial center with multiple retail stores and shops. The prices have witnessed a sharp increase in the last couple of years with a number of successful residential projects that have been completed recently.
