Latest Analysis on New Town by Sumant Goenka of Axiom Estate


The North eastern fringes of Kolkata have been witnessing the growth on a new satellite city. Rajarhat New Town, as it is popularly known as, neighbours Kolkata Airport and the VIP Road on one side, and the IT hub at Salt Lake Sector V on the other. Divided into three broad Action Areas, New Town covers an area of 28 sq km and is at least three times bigger than its immediate planned neighbour, Salt Lake City.

Homes at New Town comprises some of the best properties in Kolkata including large apartment complexes and housing projects from reputed Kolkata property developers like Hiland Willows, Hiland Woods, Shrachi Green Wood Sonata, Akankha, Sureka Sunrise Point and many others. There are high rise apartment complexes, mini-townships and upscale gated apartment communities such as DLF Newtown Heights, Shrachi’s Rosedale, Unitech’s Uniworld City, Tata’s Eden Court and Keppel’s Elita Vista.

Apartments in New Town will be a great option for self stay as well as investment purposes. For residents, New Town will be one of the most coveted addresses in the city with some of the best apartments in Kolkata coming up. Minutes drive from the Kolkata International Airport, New Town’s proximity to two of the major roads of Kolkata, the VIP Road and the EM Bypass will add to convenience in connecting to any part of the city. The Major arterial Road that runs through New Town ensures smooth and fast traffic, which will soon be aided by other connecting roads as well. Public transports including regular AC Bus service have already begun plying. The Airport New-Garia Metro Corridor runs through the heart of New Town that will connect it to the far southern end of Kolkata as well.

A planned township, New Town shall comprise all that makes living in a modern city easy and thriving. Besides residential properties, New Town will feature commercial developments, a main central business district with IT business parks from the likes of like DLF and Unitech as well as other corporate offices and state of art convention centers. It is home to renowned schools like DPS New Town and will have prestigious educational institutes including upcoming campuses of IIT Kharagpur, St Xaviers College and IT majors Infosys and Wipro soon. Reputed medical facilities like Tata Medical Center, multiple shopping and leisure destinations like City Center 2, DLF Galleria, Axis Mall and Home Town; posh hotels like Westin and Novotel are also part of New Town. Besides, New Town also features a 480 acre eco park, modern art museum, cultural centers and much more.

According to Mr Sumant Goenka of Axiom Estates, For investors New Town is an exploding opportunity with property prices going up regularly. And with the upcoming CBD, metro connectivity and premium projects lining up in New Town, the prices of apartments would only go up resulting in high property appreciation in the coming days.

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