Central Kolkata is the city’s prime office and organized retail and is perfect for high street retail with premium developments such as the Space Aqua Beaumont, Unimark Ramsnehi Tower and Unimark Eternia. Central Kolkata is home to several old and established residential neighborhoods and is home to prime entertainment and commercial zones of the city. Central Kolkata houses landmarks like the erstwhile Secretariat of the West Bengal Government, namely Writer’s Buildings, Royal Exchange, Victoria Memorial, Indian Museum, Birla Planetarium, Fort William, Maidan, Eden Gardens and the Howrah Bridge. Central Kolkata hosts the offices of several leading banks, corporates, MNCs, Government departments and other organizations like the Bengal Chamber of Commerce and Indian Tea Association.Central Kolkata is well connected to North, East and South Kolkata through a network of major roads and also through the metro railway network. The light train network from Joka till Esplanade is a major infrastructural development and another network will soon be operational till Moulali from Esplanade. The development of the Park Circus Flyover has been a shot in the arm for Central Kolkata and major places here include Sealdah, Esplanade, Jorabagan, Beliaghata, Chingrihata, Bowbazar, Tangra and Kankurgachi. Central Kolkata offers great connectivity to all parts of Kolkata through the state and private bus network as well. Other areas include Entally and Taltala. Central Avenue is a major thoroughfare in this stretch along with the NS Road and offshoots like the Brabourne Road, Canning Street, Sealdah Flyover, MG Road and Strand Road. The S.N. Banerjee Road, AJC Bose Road, Lenin Sarani and Bentinck Street are major thoroughfares in this stretch.Property prices have gone up by approximately 6.67% as per Q3 2015 while prices range between INR 2, 953-13, 500 per sq. ft. for the same period. Residential and commercial prices are quite high for Central Kolkata since it is the primary office belt. Leading developers like Ekta World, Belani, Unimark, Ruchi, Ganguly Group, Merlin, Shrachi and SK Developer are highly active in this belt. Popular projects include Ekta World, RDB Regent Ganga, Merlin Regency and Merlin Ekta to name a few. Demand for property in Central Kolkata has gone up by leaps and bounds.
Demand |
Supply |
|
---|---|---|
Apartment |
96%
|
71%
|
Office Space |
1%
|
7%
|
Shop |
1%
|
1%
|
Demand |
Supply |
|
---|---|---|
1 BHK |
3%
|
2%
|
2 BHK |
15%
|
44%
|
3 BHK |
52%
|
36%
|
4 BHK |
19%
|
11%
|
6 BHK |
4%
|
0%
|
Demand |
Supply |
|
---|---|---|
Below 50 L |
5%
|
39%
|
50 L - 2 Cr. |
68%
|
39%
|
2 Cr. - 5 Cr. |
16%
|
14%
|
Above 5 Cr. |
9%
|
6%
|
Demand |
Supply |
|
---|---|---|
Apartment |
91%
|
45%
|
Independent House |
2%
|
0%
|
Office Space |
3%
|
36%
|
Plot |
1%
|
0%
|
Demand |
Supply |
|
---|---|---|
1 BHK |
58%
|
27%
|
2 BHK |
18%
|
32%
|
3 BHK |
12%
|
30%
|
4 BHK |
5%
|
7%
|
Demand |
Supply |
|
---|---|---|
Below 15000 |
18%
|
22%
|
15000 - 30000 |
41%
|
14%
|
30000 - 50000 |
19%
|
21%
|
Above 50000 |
20%
|
41%
|