Investment in Ballygunge, Kolkata

Q: Hi, Is it good decision to invest in Ballygunge ? How much real estate growth is expected in another 5 years? Please suggest me upcoming projects in this area.

Promit Dutta, Kolkata

17th July 2013

Investment Advice in Ballygunge, Kolkata

investment advice

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Replies (4)

Perfect time to invest. Premium Flats in Akshara Petals in Ballygunge.

Akshara Group,

20th August 2014

Comment

The rental price range is very high! So I think it would be better for buying than taking for rent.

satyajit dutta, Kolkata

18th July 2013

Comment

Yes. I think you should go and check the location. For residential purpose it is really very nice area.

Bijoy Das, Kolkata

18th July 2013

Thankyou Bijoy for the reply :)

satyajit dutta, Kolkata

18th July 2013

What is the current price range now ? If i am looking for 2bhk what would be its price range ?

satyajit dutta, Kolkata

18th July 2013

Comment

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. Real estate growth is going to be slow in South Kolkata as not many open spaces are now available for development. Being a primary location, the demand for residential apartment in Ballyguunge is always going to be higher.

Bijoy Das, Kolkata

18th July 2013

Ballygunge along with Alipore and other regions in South Kolkata form the epicenter of elite residential localities in Kolkata. There cannot be one factor to undermine whether your decision to invest in Ballygunge is good or bad. The prices are high in South Kolkata compared to other parts of the city especially the eastern suburbs. Considering purely from an investment perspective the prices in south Kolkata are unlikely to rise as much as the prices in other regions. On the positive side, Ballygunge and South Kolkata is well connected to all the parts of the city including the commercial centers apart from being one of the south sought out residential locations in the city.

Bijoy Das, Kolkata

18th July 2013

Comment

How is the locality for investment ? Is it worth ?

satyajit dutta, Kolkata

18th July 2013

Yes, it is very good area for investment as South Kolkata are to rise in price. Also Ballygunge and south Kolkata is well connected to all parts of the city, even to commercial centers. So i think it would be worth if you are doing investment here.

Bijoy Das, Kolkata

18th July 2013