Girikunj Phase II adjacent to New Alipore is the newly found residential option in Kolkata. Private developers have lined up their projects in the range of Rs. 28 -36 lakhs. Capital values of builder floor apartment in Tollygunje near Menoca cinema hall is Rs 65 lakhs and the rental value of an 1800 sq ft apartment in Tollygunje near Menoca cinema hall is Rs. 15000 per month. Upcoming Properties In Kolkata has now caught the attention of international and national real estate developers and investors. In Jadavpur the capital values of a 1000 to 1200 sq. ft is in the range of Rs. 25 to 48 lakhs whereas the premium apartments in this region is between 52 to 60 lakhs for a 1000 to 1200 sq. ft multi-storey apartment. upcoming construction projects in Kolkata is now turning out to be renowned. Kolkata Real Estate has witnessed an unprecedented price rise in the South Kolkata localities like Ballygunje, Prince Anwar Shah Road and Elgin road. The factors behind such a steep rise in select localities are the limited availability of real estate options, successful retail and commercial projects and improved connectivity with improved urban road build quality. Upcoming Residential Projects In Kolkata has planned to infuse as much as $ one-billion into Kolkata properties, over the next couple of years. Rajarhat, unlike Salt Lake, is being developed as a new city, with not only residential projects but SEZs, IT Parks, hotels, malls and commercial and shopping complexes. This well balanced approach towards development has increased the possibility of commercial office demand shifting along with residential requirements. A gradual change is in the offing, with Park Street and its adjacent areas likely to emerge as retail high street locations. Over the last two-three years, residential property prices in the area had gone up by over 50 per cent. Developers are anticipating more than 15-20 per cent rise in the prices by this time of the year. firstkolkataproperties.com/upcoming-residential-projects-in-kolkata-upcoming- construction-in-kolkata/ plans got gigantic number of rankings. Thus, it can be concluded by saying real estate in Kolkata is in a high growth phase, especially in office, hospitality, retail and residential sectors. upcoming projects in kolkata rajarhat has generated ripples of excitement in the Kolkata real estate markets. The real estate professionals in Kolkata however say that the near term outlook on real estate investment in the area is positive, and would remain so until something goes in the wrong way. An investor has to understand that the township would be developed in the period of 5-years, and that’s why he is to keep his investment horizon in line with this time period. Appreciation in property values would entirely depend on how the project progresses and develops the basic infrastructure around itself. Upcoming Housing Projects In Kolkata develop the property sector of Kolkata. Notably, the township would supply about 60-lakh square feet of residential property in Kolkata by year 2011-12. What is most exciting in the entire story is investment from a foreign entity. The REIT Asset Management has expressed commitment to invest about $50 million in Indian real estate markets. The same has triggered the investment sentiments in the property markets, especially those at Kolkata. Upcoming Projects Kolkata has set them up to pump in billions of dollars in building world-class properties in Kolkata.
/ / UPCOMING PROJECTS KOLKATA– A Stable Market for Investors