Most homebuyers in Kolkata prefering multi-storey apartments

Q: Hi, Homebuyers in Kolkata is showing rising demands towards multi-storey apartments.

Rajiv,

29th April 2014

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Replies (2)

@Vasanth,
Similarly in North kolkata and the localities in this region are Dum Dum, Sodepur, Baranagar, Birati, Madhyamgram, Bidhan Nagar, Barasat amongst others. Buyers have no problem within a price range of Rs. 20-40 lacs.
Barasat offers flats at an average price of Rs 2000/sqft, while flats in Dum Dum would cost you Rs 3200/sqft.

Kaushik Bardia,

29th April 2014

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@kaushik,
What about the South kolkata? Here, most of the home buyers and investers make their investment in South Kolkata because of good return? Am i right?

Vasanth,

29th April 2014

Well Vasanth,
You are absolutely right. Garia, Kalighat, Sealdah, Kasba, Jadavpur, Tollygunge, Behala, Ballygunge, Diamond Harbour, Gariahat, Alipore, and Prince Anwar Shah Road are the major locality of South of Kolkata and good return on investment is the first thing that comes to the mind of homebuyers or inveters.

Kaushik Bardia,

29th April 2014

Hi all,
I wanted to know that which are those areas where the demands of such multi-storey apartments are so high? And what are the average price people wanted to spend in those locality?

Vasanth,

29th April 2014

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Hi Vasanth,
Salt Lake City, New Town, VIP Nagar, Ajaynagar, Santoshpur, Mukundapur, Baishnabghata-Patuli, Chak Garia and New Garia are those areas where most of the home buyers spend 20-40 lacs on an average.

Abhishek,

29th April 2014

@abhishek,
Which among them is on top list and why? What is the average property rate of those locality?

Vasanth,

29th April 2014

@vasanth,
Rajarhat and New Town have scored above all the other localities and made their way right on the top.

The average property price in Rajarhat stands Rs. 3500/sqft whereas in Newtown it would be close to Rs. 4600/sqft.

Abhishek,

29th April 2014

Thanks Abhishek,
Which are the 2nd competitor in this category and the average property rates there?

Vasanth,

29th April 2014

Your welcome Vasanth,
West Kolkata is the 2nd competitor and localities in this region are Bata Nagar, Howrah, Garden Reach, Kona Expressway, Joka, Pailan and Behala. Homebuyers in this region are comfortable within Rs 20 lakh and this group showed maximum demand in multi-storey apartments.
At Joka where the average capital value is Rs. 2800/sqft whareas in Kona Expressway rates can be estimated at Rs. 3100/sqft.

Abhishek,

29th April 2014