The article talks about the way community living is faring in the suburbs of Kolkata. Thinking of investing in Kolkata properties would do well to invest in these communities as prices are quite reasonable given the amenities on offer.
Community housing is not an alien concept in any Indian city nowadays as most builders are promoting them widely. The idea of community housing picked up as the new millennium was ushered. Cities such as Gurgaon, Bangalore, Thane and Navi Mumbai are literally built on the concept of these abodes and Kolkata is not far behind them. Top Kolkata properties developers are focusing mainly on these housing communities not only to cater to the demand but they also free up the designing space to work in.
Some of the builders who have community living property in Kolkata are:
These projects are mainly in areas such as Rajarhat-New Town, Baguiati, Madhyamgram, Baranagar, Sodepur and Dunlop where large tracts of land are available to be brought under community living. Several pockets of EM Bypass such as Kadapara, Kankurgachi and Phool Bagan have shown stupendous response to these projects which has further fuelled their development. Moreover, these are the pockets that are witnessing rapid infrastructure development. Rajarhat-New Town has several business areas and IT parks which are functional. Those employed in the offices based here prefer to stay somewhere close to their workplace.
The mass scale construction of housing projects in the area has led to rapid development of social infrastructure as well. Several malls, hospitals and schools have come up in Rajarhat to cater to the burgeoning population of the area. Similar trends have been observed in the northern suburbs of Baranagar, Dunlop and Panihati as well. These areas too have witnessed a slew of quality private schools and shopping zones emerge.
These communities being constructed have a cosmopolitan demography and cater to buyers with diverse budgets. Most of them are divided into LIG, MIG and HIG blocks, where people with appropriate budgets can buy property in Kolkata. The prices of the apartments in these areas are between Rs 50 lakhs and 1 crore. Depending on the number of facilities on offer and the location of the project, the prices are pegged. For instance, residential projects in Tollygunge, which is a prominent southern suburb close to the metro railway and with well-formed social infrastructure commands a premium while a similar residential project in Maheshtala, near Budge Budge has apartments which are almost half the price of what the configuration costs in Tollygunge.
Those thinking of investing in Kolkata properties would do well to invest in these communities as prices are quite reasonable given the amenities on offer and their resale value is also quite high for the very same reasons. Currently prices of property are steadily lowering hence it would be easier on the buyer’s pocket to enter.
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