The real estate market in Kolkata has witnessed tremendous change. Property investments in Kolkata were quite stagnant a little while ago, however, they have picked up and how.
Investors and home-buyers are eyeing Kolkata as a lucrative destination. Owing to robust infrastructure development, Kolkata is becoming one of the hotspots for real estate boom. Besides, the prices of properties in this region are quite realistic and buyers are showing genuine interest.
One of the areas that is luring the end users in Kolkata is New Town. It consists of areas of two erstwhile villages Rajarhat and Bhangar, which have now been developed into an integrated city with modern infrastructure and amenities. The ‘smart city’ status given to Kolkata’s New Town has created a lot of buzz and interest among the buyers and investors.
And why not! New Town has a plethora of amenities to offer. There will be bicycle and wheelchair tracks, Wi-Fi and GPS-enabled e-transport and bus stops with screens showing when the next bus will arrive.
Dubbed as ‘supercity’, New Town will have e-health clinics, intelligent power-saving LED streetlights with panic buttons, multi-nodal transport hub, cycling tracks, new amusement hubs, solar panels, water treatment plants, ensuring a good quality of life.
The technology-enabled residential hub’s master plan has a township that is bigger than planned Salt Lake city. Also, The New Town is blessed with a 10.5 km of Wi-Fi Zone connecting the Main Arterial Road to the airport on one stretch and to Sector V to the other. This also makes it India’s first Wi-Fi road connectivity. The stretch has already been declared as a green corridor.
Many professionals have started living and investing here as the township also houses IT majors such as TCS and Wipro. Kolkata New Town also has renowned schools, which is another plus point for buyers.
With a range of serious buyers ready to put their money into real estate, many developers are coming up in the area, providing luxury housing experience. One of them is Tata Housing, which has done thorough study about the demand and consumer aspiration.
Tata Housing’s ‘Avenida’ at Rajarhat is gaining fast prominence for its connectivity and the rapidly growing IT sector. Avenida draws its inspiration from the deep-rooted colonial urban history of Kolkata city. Spread over 11 acres, the sleek 29 storeyed towers are designed to balance a sweeping curvilinear boulevard, envisioned as the heart of the project. Strategically located, Avenida is built in the heart of all major conveniences including schools, hospitals and other recreational facilities. Tata’s Avenida will feast your senses to vibrant hues of innovations, and open your mind to an expressive magnificence. It has Squash Court, Yoga Room, Jogging/Cycling Track, Cricket Net, Meditation Area, Steam & Massage Room, Kids’ Play zone, Tennis Court, Mini Theatre, Festival Pavilion, Pet Park, etc.
Kolkata’s New Town is indeed emerging as one of the hot destinations. Don’t miss the opportunity.