Infrastructural development in kolkata and their impact on real estate.

What are the major areas of focus for the government to raise the realty market in Kolkata?

Well,
For that a strong focus has taken by the West Bengal Housing Infrastructure Development Corporation on electricity connections, water avilability, overbridge construction, subway construction, public transport and sewage system. The Rs 4,874-crore East-West Metro Project, which will connect Rajarhat New Town to Kolkata, is planned to open by 2014.

Who play the major role to development of real estate in Kolkata? Which sector fueled the most?

Well Sudip,
A rapid industrialization and creation of a better infrastructure has contributed to development of Real Estate in Kolkata.
Apart from that the demand of real estate in Kolkata is fueled by the development of the Information Technology(I.T) and Information Technology enabled Services (ITeS) sectors.
Lower land acquisition cost
Attractive government initiatives
Lower asset prices
Availability of scalable infrastructure

Which are the locality where the maximum growth has been seen and what the graph of kolkata real estate says? What is the reason behind it?

Well Sudip,
Prices of Kolkata real estate have shown a extremely upward graph- especially in South and South central Kolkata where the price per square feet has risen a mind blowing Rs 800 in just six months! For example real estate prices in Bhawanipore has risen to Rs.3000 from Rs.2,200 in only six months! The other boom areas are the Eastern Metropolitan Bypass area and the new Rajarhat township.

The unprecedented price rise in Kolkata Real Estate is seen in south Kolkata localities like Ballygunge, Prince Anwar Shah Road and Elgin road.

The factors behind such a steep rise in select localities are the limited availability of real estate options, successful retail and commercial projects and improved connectivity with improved urban road build quality. There is also an abstract reason- aspirational quotient of the consumer.