Kolkata also known as the commercial, cultural and educational centre of Eastern India, is touted as an emerging trade and commerce destination. With a rising popularity, Kolkata also enjoys a thriving residential real estate market with demand arising out of professionals working in companies like TCS, SAP, Wipro, HDFC & many more.
One of the important locations for investment in Kolkata is the Salt Lake City (also known as Bidhannagar) that offers numerous reasons for investment as captured below:
- IT Hub: Sector V is the prominent IT hub of Salt Lake City. It is home to renowned IT firms such as TCS, Wipro, IBM & Accenture etc. and Big Four consulting firms such as KPMG, Deloitte, Ernst & Young & PwC. Nearly, 1.30 lakh people are employed over here and the numbers are likely to rise giving further push to the demand of residential units in nearby residential locations.
- Connectivity: The satellite city has superb connectivity to Eastern Metropolitan Bypass (EM Bypass) that connects Salt Lake City to southern parts of Kolkata. It also has close proximity to Netaji Subhash Chandra Bose International Airport (13 KM) and Bidhan Nagar Road Railway Station. To improve the connectivity between Western and Eastern region, the construction of metro has been going on that will connect Howrah Maidan (East) and Salt Lake Sector V (West).
- Social Infrastructure: Salt Lake City is a home to numerous academic & research institutions, schools, world class hospitals, hotels and shopping complexes. Some of them are National Institute of Homoeopathy, International School of Business and Media, Columbia Asia, Kolkata Heart Clinic and Hospital & Downtown Mall etc. The location has the gigantic multipurpose stadium, known as Salt Lake Stadium, that hosted various football tournaments and other important athletic events.
- Civic Amenities: The city has clean and well-maintained roads, proper sanitation, tree-clad boulevards and relatively pollution free environment ensuring a clam & peaceful living for its residents. In addition to these amenities, there are 3 police stations, electricity offices, water supply tanks & sewage treatment plants.
- Leisure Parks: Salt Lake City is home to two prominent parks of the city – Central Park and Nicco Park. The latter is an ideal destination for one-day holiday trip that offers various water borne rides, delicious food and bowling alley. The another prominent leisure destination – Central Park, is well decorated with different type of flowers and a big lake in the middle of park, thereby attracting a large volume of city dwellers.
- High ROI:
According to Square Yards GIC, the residential prices has seen appreciation of nearly 14.6% in the past one year (between Q1-2015 & Q2-2016).
