Which are the localities offering highest rental returns in Kolkata?

Q: Which are the localities offering highest rental returns in Kolkata?

Anil Choudhary, Kolkata

18th June 2015

Rentals in Kolkata

kolkata

residential real estate market

rental advice

investmetn advice

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Replies (3)

Thank you friends for your valuable inputs.. Yes I also think that the rental market in Kolkata is upbeat.Jadavpur is showing tremendous growth in rental market due to proximity to the business hub of Sector V and closure to educational institutions.

debabrata sarkar, Kolkata

21st August 2015

Comment

Hi Debabrata, I think the New Town area has seen steady growth. Rental demand is high in Rajarhat New Town owing to a number of new constructions that have better facility.The advantage is that notwithstanding the high demand in this area, rental values are still affordable due to plenty of supply.

chandramohan das, Kolkata

21st August 2015

Thanks dear for updating me could you suggest top 5 localities where demand of rental value is more, I really want to invest for the rental business.

debabrata sarkar, Kolkata

21st August 2015

As per my understanding I would like to suggest some localities where rental demand is high:
1. Ballygunge
2. Salt Lake
3. Jadavpur
4. E M Bypass
5. Tollygunge

chandramohan das, Kolkata

21st August 2015

@ Chandramohan,
VIP Road and EM Bypass have seen negative and no growth in rentals during last one year recently I have been read some were in the article published in a newspaper. While there is plenty of supply in these areas, demand is subdued as there are few commercial hubs in the vicinity, comments Sharma.

Kaustav Paul, Kolkata

21st August 2015

Hi, all. As a residential person of Kolkata I think Tollygunge is one of the developed localities of South Kolkata, offers a maximum rental yield. Currently, average capital values in the locality range from Rs 3600-4800 per sq ft while the average rental values vary from Rs 5000-45000 per month. This means investing about Rs 43 lakh can fetch you an annual income of about Rs 2 lakh.

Rajarshi Gupta, Kolkata

18th June 2015

Comment

Hi, In my point of view Kestopur and Baguiati are two emerging residential localities which offer properties at affordable prices as compared to other nearby localities such as New Town, Rajarhat, Ballygunge and EM Bypass. Units of 2BHK are in demand in both the localities for which the rents available are Rs 6,000-15,000 per month.

Kaustav Paul, Kolkata

18th June 2015

Hi Anil, Kolkata is witnessing good demand for rented accommodation over buying in different localities. Some localities witnessing this rise are Ballygunge, VIP Road, New Town, Southern Avenue and EM Bypass Road in Kolkata real estate market.

Kaustav Paul, Kolkata

18th June 2015

Comment

Hi kaustav, I think people in Kolkata are seen renting in well-developed parts of the city offering not only quality spaces but a combination of modern facilities, well-developed infrastructure and easy connectivity.

Alokesh, Kolkata

18th June 2015