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Indian Real Estate News
Kolkata seeing development along metro route
Source: magicbricks.com Jan 30, 2012
Kolkata realty sector is expanding and a fair number of new residential and commercial projects are being launched. Enhanced demand of houses in the affordable and premium price brackets has fuelled city developers to launch new residential projects across the city. Growth of software industry and opening up of IT sector has also resulted in paradigm shift in the living styles of the individuals and a felt need for premium homes in the city as anticipated by city realtors.

To bridge the gap the city is expanding towards the outskirt areas. Localities such as EM Bypass, Tollygunj, Bansdroni Road are gaining importance as residential and commercial hubs. According to magicbricks.com data these areas have witnessed an average increase of 8-10 per cent in the year 2011-12.

Kolkata following Delhi NCR footsteps is seeing new real estate developments along the metro route. Areas such as Bansdroni Road located at 10 kms from city centre, near surya sen metro station is witnessing new residential projects.

According to Sudhakar P Kumar, developers are launching new projects in both, the premium and affordable segment at Bansdroni Road and are noticing quite a significant number of transactions. Residential projects such as Meghdoot, Gulshan, Swastik, Ashoka Heights are few of the upcoming ventures offering 2 and 3 BHK apartments. An individual can book a residential apartment at basic sale price of Rs 2,000 to 2,600 per sq ft and the bulk price of Rs 20 to 30 lakh.

Strategically located near metro station, railway station and at a distance of a km from neighbouring school, hospital, entertainment hub etc, these upcoming projects enjoys locational advantage. Surfaced with all the basic and luxury features such as parking, power back up, water supply, quality fitting and construction they are aimed to provide classy lifestyle to the end-users.

New projects are attracting buyers and investors from near and far place as the current capital values is in the affordable price range. Also, it is expected that the prices will appreciate after completion and they will become premium as stated by Kumar.

Tag: property in kolkata, apartments in kolkata, flats in kolkata
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