Buying property in Park street vs London street

Q: Which is the better area to invest Park street or London street? What are the price trends in this area?

Biswanath Mukherjee, Kolkata

17th July 2013

Investment Advice in Park Street, Kolkata

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buying property

investment advice

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Replies (4)

Thanks Bijoy and Prithiraj for the information.

Biswanath Mukherjee, Kolkata

18th July 2013

Comment

The average rental price for a 2BHK apartment in both Park Street and Loudon Street ranges between Rs 40,000 to Rs. 45,000 per square feet. You have not mentioned if you want to invest in residential or commercial segment. If you are seeking to invest in a commercial property I would suggest considering Park Street as it offers a more lucrative business option compared to Loudon Street.

Bijoy Das, Kolkata

18th July 2013

Comment

At first i was planning for rental purpose but since the ret is too high, i think it would be better if i buy for investment purpose . What do you say about my idea ? ;)

Biswanath Mukherjee, Kolkata

18th July 2013

Yes this place is better for investment purpose as the price is going high. So good for you.

Bijoy Das, Kolkata

18th July 2013

Yes I agree with the above member, there is not much of a difference between Loudon Street and Park Street as far as residential real estate investment is concerned. The prices are almost similar in both areas and future prospects are also in the same range.

Bijoy Das, Kolkata

18th July 2013

Comment

Hi I am looking for rent. Please tell me what would be the average rental price for 2 bhk ?

Biswanath Mukherjee, Kolkata

18th July 2013

Both Park Street and Loudon Street are good areas for investing in and around central Kolkata. You have not mentioned your preferred choice of investment. As a commercial investment destination both areas offer almost similar price trends and good office locations. As far as residential apartments go the only downside is that most of the residential buildings are low rise and built in colonial style.

prithiraj Chakraborty, Kolkata

18th July 2013

Comment

What is the price range for these residential buildings ?

Biswanath Mukherjee, Kolkata

18th July 2013

The average prices for residential apartment in Price Street range between Rs 10,000 to Rs. 15,000 per square feet while prices in Loudon Street range between Rs. 10,000 to Rs. 15,000 per square feet. You can choose either of the two areas depending on your choice and availability of property.

prithiraj Chakraborty, Kolkata

18th July 2013