Salt Lake, located in the eastern part of the city, was initially developed to handle the exploding population of Kolkata. Earlier known as Bidhannagar, it is a prime residential locality close to the biggest mall and all the IT hubs. Dakshindari, Bagmari, Sech Bhawan, Ultadanga and Lake town are the localities situated close by.
Sector I, the oldest part of Salt Lake, is known for its peaceful surroundings. Having a centralised market, it is also close to the City Centre mall. In addition, it has excellent connectivity with New town, Salt Lake Sector V, Rajarhat, and other areas in and around Kolkata.
Once a lake, the area has developed in leaps and bounds. Many of the big IT companies like TCS, Wipro, and IBM are now springing up in this area. Schools, banks, ATMs, hospitals, and transport facilities are naturally available in plenty. Also known to be a satellite town, Salt Lake is now a centre of social and economic expansion.
Connectivity and transit points
Bidhannagar Railway Station and Patipukur Railway Station are the nearest railway stations to Salt Lake. Bidhannagar Railway Station is the closest, located just 5 km away.
One of the busiest bus stations in this area is Karunamoyee Bus station. Buses are the most preferred means of transport. One can hire a cab, but that’s uncommon. Kolkata International Airport is at a distance of 13 km from here.
l City Center Mall
l IT Hubs- Sector IV and Sector V
l Yuva Bharati Krirangan
l Netaji Subhas Sports Institute
l Nicco Park
Factors for growth in the past
Over a span of 7 years, Salt Lake has evolved from a swamp to a well-rounded locality. It was expanded across sectors. Sectors I, II, III were developed for residential purposes, whereas for commercial purposes, Sectors IV and V were developed.
Residential & Commercial Market
Residential market trends
Salt Lake’s residential market is on the rise. It appeals to people because of the almost zero pollution rate. Being an IT hub, a large number of professionals are moving into this area. In the last few years, the average locality price has increased to Rs 9,000 per sq. ft, the average apartment price being Rs 5,750 per sq. ft.
Commercial market trends
Sectors IV and V of Salt Lake are the two main areas where the commercial market is booming. The average value of commercial office space is Rs 6,150 per sq. ft.
Poor street lighting is one major cause of worry. Many eve teasing and theft crimes have been reported here as well. Traffic jams and garbage disposal issues are some of the other challenges that need to be managed better.
Factors for growth in the future
Line 2 (East-West metro) is under construction and will be functional by the end of 2016. Keeping in mind the safety of the residents, Salt Lake city is likely to come up with the fourth police station in the IT Hub, Sector V.This would help keep petty crimes at bay in the region. Furthermore, improvement of the underdeveloped areas of Salt Lake is also likely to happen soon. The development agenda for the locality looks strong and robust.