As East India’s commercial, cultural, and educational hub, housing investment in Kolkata is increasing. The town is also known as the “City of Joy” and is often considered as India’s “culture capital.” In the New Town neighbourhood of Kolkata, a major IT and industrial centre, there are currently a number of offices of well-known MNCs. There are numerous options for visitors to get from point A to point B thanks to the city’s effective public transportation infrastructure.
The Kolkata real estate industry is quite lucrative and is anticipated to expand quickly in the upcoming years. Property and land prices have increased dramatically over the past few years, and this trend is anticipated to continue. It might be helpful to consider a few places and their benefits if you’re planning to live and invest in real estate in rajarhat, here are 5 reasons why you should invest in rajarhat real estate.
Kolkata’s Commercial Real Estate Investment Hub is New Town
There are several different types of commercial and residential buildings in the Kolkata neighbourhood of New Town. The vast majority of these homes are 2 and 3 bedrooms. The region has also been given the name Solar City.
New Town is home to a number of modern office complexes and business parks, including Synthesis Business Park, DLF 2 IT Park, and TCS Gitanjali Park, to name a few. Here, the Smart City initiative will carry on with its development. If potential homebuyers in Kolkata are unsure of where to start their search, New Town is a suitable option.
New Town has conveniently connected to other metropolitan regions thanks to its proximity to Kolkata’s two main thoroughfares, the VIP Road and the EM Bypass. Additionally, some of the top medical facilities and academic institutions, like OHIO Hospital, Tata Medical Center, Bhagirathi Neotia Woman & Child Care Center, etc., are located here.
Bus services are one of the various modes of public transportation that connect the area. The proposed metro line from Airport to New Garia would increase the neighbourhood’s connectivity after its first phase opens in October 2022. It is one of Kolkata’s top areas for real estate investment.
Rajarhat is a sizable neighbourhood with a wide range of prices that are ideal for all types of purchasers? In Rajarhat, there are numerous residential developments that are in high demand from consumers. Rajarhat’s new residential real estate developments offer excellent value for the money and are loaded with contemporary amenities and services.
Excellent connectivity and transportation
Rajarhat will soon have all the required transportation and connectivity choices, including road, metro, and bus. Rajarhat is connected to every area of Kolkata by a number of important motorways and bus routes? Additionally, Rajarhat’s centre point is 12.4 kilometres away from the airport. As part of the state government’s East-West Metro project, Rajarhat will soon be connected by the metro railway.
One of the city’s best-planned townships is arguably Rajarhat. The extension of Kolkata’s Sector V, the city’s IT hub, is called Rajarhat. Numerous business parks, including Unitech, TCS Gitanjali Park, DLF, Wipro, Cognizant, Tech Mahindra, IBM, Genpact, and Hewlett-Packard, to mention a few, are located in Rajarhat. Rajarhat is also known as the city’s centre for education? A new campus is being built at Rajarhat by prestigious educational institutions like St. Xavier’s University, Presidency University, and Rabindra Bharati University.
Rajarhat is the finest location for amusement and enjoyment because it has a large number of private clubs, retail complexes, family parks, 5-star hotels, cultural centres, and spas?
The needs for shopping and entertainment are met by a number of retail centres, including City Centre 2, Unitech Mall, and Home Town Mall.
With a few hitches, Indian real estate has historically seen meteoric growth. With over 60% of India’s population still residing in rural areas and a sizable portion hoping to emigrate to metropolitan areas, the real estate sector probably has a bright future. The situation in Rajarhat, Kolkata, is comparable. The community was planned out and served as a satellite community for Kolkata. It will soon become a lively city as construction continues. The business activity is already set up. In the upcoming years, investing in housing is predicted to produce profitable results. It is anticipated that the benefits of capital growth would outweigh the loss in value.