Rajarhat a hot Investment destination of Kolkata

Q: Hi! What is the average capital as well as rental value of commercial space in Rajarhat? Why the Rajarhat, Kolkata real estate market in huge demand today? What is the factor behind it?

Subhajit Rao, Kolkata

10th February 2014

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Replies (5)

can anybody tell me which one is the attractive location in rajarhat for affordable living?

goutam, Kolkata

2nd April 2016

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Is it worthy to buy a 2d home in Rajarhat, Kolkata? Which builders should I consider? What are the mid-long run development possibilities there? I plan to purchase in mid-2016.

Anish Mazumder, Kolkata

21st December 2015

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Rajarhat is a fast-developing deliberate satellite city. This new IT and residential hub are being developed on the north-eastern fringes of Kolkata. It is a planned city and price will appreciate. My advice could be to invest with the future prospect of next 5 to 10 years, however after doing a suitable ground examine on the project, you need to buy.

Alokesh Nandi, Kolkata

21st December 2015

Hi everybody,
Where is Mahesbathan situated? Does this city enjoys the same connectivity features as Rajarhat? As i am looking for investment over there.

Biswanath Mukherjee, Kolkata

10th February 2014

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Hello Biswanath,
Mahesbathan is at a location between Salt Lake Sector V and New Town. It enjoys the same connectivity features as Rajarhat. This location is coming up in a good way in recent past due its locational advantage.

Bijoy Das, Kolkata

10th February 2014

What is the current capital valueas of residential well as rental value of Mahesbathan? Have EM Bypass and Park Circus good connectivity to Central Business Districts as well as Peripheral Business Districts? Is there any residential and commercial property coming up?

Biswanath Mukherjee, Kolkata

10th February 2014

Well Biswanath,
The average capital values of residential and rental in Maheshbathan are Rs.4,100- 5,000/sq ft.
EM Bypass and Park Circus Connector have good connectivity to not only the Central business Districts but also the Peripheral Business Districts of the city. Currently, work on metro railway is in progress which can provide better connectivity to the airport. In addition, work on flyovers and widening of EM Bypass are under progress, with the BRTS system ready to be implemented in the near future. A lot of good commercial and residential projects are coming up in this area.

Bijoy Das, Kolkata

10th February 2014

What is the average capital value of residential as well as rental property in EM Bypass and Park Circus for a 2BHK?

Biswanath Mukherjee, Kolkata

10th February 2014

Well Biswanath,
The average capital values of residential and rental values in this area. The capital values are Rs. 6,500- 11,000/sq ft and the rental values would be Rs. 20,000-30,000 per month for a 2BHK apartment (1,000 sq ft).

Bijoy Das, Kolkata

10th February 2014

Can i get a good return if i invest there for a short term? Can anybody suggest me what should be the investment period over here?

Biswanath Mukherjee, Kolkata

10th February 2014

The mid-to-long-term residential investment potential is good in terms of appreciation of capital values and resale purposes. Within a period of 3-5 years, social and civic infrastructure would also develop sufficiently to boost prices.

Bijoy Das, Kolkata

10th February 2014

Who are the leading national and international developers showing their interest to invest in Rajarhat, Kolkata?

Sudip Ganguly, Kolkata

10th February 2014

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Well Sudip,
Some of the leading national and international developers such as DLF, Unitech, Tata Housing, Shapoorji Pallonji Group, Keppel Magus, etc. for residential projects development. In addition, regional developers like Shrachi Group, Belani Group, Shrishti Group and Bengal DCL are also present with projects.

Bijoy Das, Kolkata

10th February 2014

Can you tell me what is the current scinario of 2BHK residential as well as rental property in Newtown, Kolkata according to average capital value? What about the sorrounding areas?

Sudip Ganguly, Kolkata

10th February 2014

ok,
The average capital values and rental values are on the higher side in the planned part of New Town when compared to the surrounding areas of Rajarhat. The capital values in New Town are Rs. 3,300- 5,700/sq ft and the rental values would be Rs.9,000-15,000 per month for a 2BHK apartment (1,000 sq ft). The capital values in the surrounding areas are in the range of Rs.2,500-4,700/sq ft and the rents are within the range of Rs7,500-12,500 per month for a 2BHK apartment (1,000 sq ft).

Bijoy Das, Kolkata

10th February 2014

Hello Subho,
The average capital values for commercial spaces in Rajarhat are in the range of Rs. 3,300-3,600 per sq ft and rents are within the range of Rs.30-35 per sq ft per month.

Rajarhat has several factors going for it in terms of real estate market drivers. It enjoys good road connectivity with Eastern Metropolitan Bypass and Belgharia Expressway connecting it to southern and northern parts of the city. Netaji Subhash Chandra Bose International Airport is close to Rajarhat and is well-connected to the submarket.

Bijoy Das, Kolkata

10th February 2014

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