Garia is an established locality in south Kolkata. It is situated on Tolly's Nullah, which connects Kolkata to the river Bidyadhari.
Today, with many apartment complexes being built in the region, Garia receives considerable interest from people involved in the real estate market, especially developers. Hiland Park, Avani's Victoria Greens, Westwind, Orbit City, Sugam Park, Sherwood Estate, and Ambuja Upohar are some of the major apartment projects built in this region.
The arrival of the Metro Rail in the region has helped connect Garia to central and North Kolkata. The terminal station of Kolkata Metro is located in New Garia, which is located to the east of the region.
Garia is also a major shopping location, having a plethora of malls and shopping stores scattered across the area. The development here has also given rise to many educational institutions and hospitals in the locality.
Key Projects in Garia :
Connectivity and Transit Points
Garia has 4 major bus terminals. A diverse array of buses helps connect Garia to major parts of the city. The roads in Garia have also been developed to mirror the neighbourhood. The major roads in Garia are Eastern Metropolitan Bypass, Netaji Subash Chandra Bose Road, Raja SC Mullick Road, Garia Main Road, Garia Station Road and Boral Main Road. These roads help connect the region effectively.
The Kavi Nazrul station is the nearest metro station of Garia, connects it to the other stations on Kolkata Metro Network. Two other metro stations, the Shahid Khudiram and the Kavi Subhash station are also located in Garia region.
In addition to a Metro network, Garia has three major railway stations. Garia, New Garia, and Baghajatin Railway Station connect Garia to major parts of India by rail. Other modes of transport available here, are auto-rickshaws and taxis.
â— Hiland Park
â— Garia Bazaar
â— Sant Sri Asaramji Ashram
â— Srimanta Saudagar
â— Garia Buddha Temple
â— Baroda Avenue Kali Temple
â— Tripurasundari Temple
â— Shri Shri Baba Lokenath Mandir
â— Bipattarini Mandir
â— Mahamaya Mandir
â— Jora Mandir
Factors for Growth in the Past
Garia was the southern end of the Eastern Metropolitan Bypass road. This road helped connect Garia to developing areas like the Salt Lake City and Rajarhat, propelling the locality’s growth. It also connected the region with the airport, thus paving the way for rapid commercialisation of the area, making Garia an economic hot spot in Kolkata.
Residential & Commercial Market
Residential Market Trends
The real estate market in Garia is dominated by apartments. Builder floors and houses occupy the next largest market share.
Residential property in Garia has seen fluctuations over the past few years. In the third quarter of 2013, the average price per sq. ft. was Rs 3,000. For individual houses, the price fell in the second quarter of 2013 from Rs 2,850 per sq. ft. to Rs 2,300 and rose to Rs 3,000 per sq. ft. in the third quarter of 2013.
Plot prices are on a steady rise and the average rate per sq. ft. is Rs 1,400. Multi-storey apartments were sold at Rs 2,950 per sq. ft. in the second quarter of 2104.
Commercial Market Trends
The rent for commercial office space per sq. ft. varies from Rs 20 to Rs 90, depending on the locality. Commercial shops for sale is at the average of Rs 8,400 per sq. ft. and commercial showrooms are available at Rs 150 per sq. ft. on an average.
Due to the high level of traffic in the area, the air pollution and noise levels are high. Traffic is menacing during peak hours.
Factors for Growth in the Future
Garia is a key location in the commercial map of West Bengal. It enjoys a good amount of infrastructure development, which helps drive real estate prices even higher. Eden Group, Ganguly Group, Skyline Builders, Prudent Infrarealty, Prime Property, Apni Dharti Developers Pvt. Ltd., Modello Ventures, Rajwada Group, and many other developers in the locality.