Kolkata’s real estate market is witnessing a churn where several localities are steadily climbing up the charts in terms of customer preferences. Tollygunge is one such location in South Kolkata which is becoming a hot favourite for property buyers. Tollygunge wins on account of its strategic connectivity and is one of the most investor-friendly regions, offering mid-range and premium properties alike. Property rates in Tollygunge, though on the upswing, are comparatively reasonable if you take into account localities like New Alipore, Gariahat and Ballygunge among other premier South Kolkata neighbourhoods. Tollygunge is also witnessing the development of upscale residential complexes by leading developers. The Merlin Group, for instance, is building The One, which is touted to be one of the most luxurious realty projects in all of South Kolkata and will come with several amenities and facilities for residents.
Tollygunge should be on your checklist while investing in residential property in Kolkata. You will get decent property rates hovering around the Rs.5-6,500 per sq. ft. mark though some luxury projects may cost more. The area is relatively peaceful and free from congestion and offers strategic connectivity through its metro station (Mahanayak Uttam Kumar), tram and bus terminuses and a robust public transportation network. Tollygunge is well connected to New Alipore, Garia and Behala through several major roads along with offering easy access to Southern Avenue, Golpark, Gariahat, Jadavpur and all other major locations in South Kolkata.
Metro connectivity and easy accessibility are key strengths in the location along with easy access to social infrastructure and amenities. The area is dotted with several restaurants, cafes, lounges and entertainment zones. The South City Mall is the major hangout here along with several other shopping stores. The area is also home to the famed Tollywood film studios along with leading hospitals like the M.R. Bangur Specialty Hospital and RSV Hospital. There are several educational institutions in the locality as well.
Tollygunge offers immense scope for future appreciation and makes for a fantastic investment option at present in South Kolkata.
