Suman Vivekanand Bhavan Review

Q: Hi, i am planning to buy a 2BHK in Vivekanand Bhavan? Can you tell me the availability and the price/sq-ft.?

Kaustav Paul, Kolkata

2nd September 2014

Residential Project Review in Suman Vivekananda Bhavan, Madhyamgram, Kolkata

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Replies (3)

Hi,
Peripheral locations like Madhyamgram in Kolkata are witnessing an upward movement though still supporting the ‘affordable’ tag. Kolkata’s real estate has been stable for a long time with no major fluctuation in prices. Six month back, property rate in the locality was 2500/sq-ft and after six month it is 2700/sq-ft.

The fast growth in different sectors such as infrastructure, both physical and social, that Madhyamgram offers like schools and colleges, connectivity, Mall and proximity to all major landmarks in Kolkata makes it the prominent residential location for buyers.

Alokesh, Kolkata

2nd September 2014

Comment

Well Alokesh,
Which are the major developer in this area? Why should one invest in this locality as the Rajarhat is already well developed and connected with Metro Service?

Priya Gupta, Kolkata

2nd September 2014

Hi Priya,
Major developers like the Merlin Group, the Diamond Group and Jain Group have taken a keen interest in and around Madhyamgram. Present infrastructure prospects in Madhyamgram earmark this destination as having a potential for growth and secondly the areas like Rajarhat have become comparatively expensive, where the average price is Rs 3,800/sq. ft. Given the connectivity and future prospects in terms of physical infrastructure, Madhyamgram is a livable option.

Alokesh, Kolkata

2nd September 2014

Hi,
How is the real estate trend in Kolkata? What is the current residential property rate is going on in the locality in comparison to 6 months back price trend? What pushes the property prices in this area?

Subhajit Rao, Kolkata

2nd September 2014

Comment

Hi Subhajit,
In Kolkata there were too many ups and downs in realty market, it is more or less a static market and one can consider it for investment. The prices are still at very realistic levels, if you planning to invest you have to do a lot of homework. First the location is important and secondly who is the developer and what kind of project is being planned. Sis months back the property rates in the locality is between Rs. 2525-2675/sq whereas the current residential value is Rs. 2550-2625/sq-ft. Madhyamgram area came into the limelight after the promise of Metro. I was quite hopeful of that metro showing up by 2022 or so, but not anymore now.

Alokesh, Kolkata

17th September 2014

You are absolutely right Alokesh,
I know if present govt. pursues it hard, things will eventually work out. But, current govt's prime focus is on East west and Joka BBD Bag and should be pretty much pre-occupied solving the recurring issues with these two projects.

Priya Gupta, Kolkata

17th September 2014

Hi,
Vivekanand Bhavan by Suman Construction situated near FCI Godown, Madhyamgram offers 2/3BHK residential apartments. 2BHK in 850 sq-ft and 3BHK in 1212 sq-ft. Current price is Rs. 2800/sq-ft and will cost around Rs. 23.80 lacs to 33.93 lacs respectively.

Alokesh, Kolkata

2nd September 2014

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