About New town
new town, kolkata is a satellite city which is located near a metropolitan city like kolkata yet is independent. new town is located at the north-eastern periphery of kolkata. new town is different from other property selling locality. this location is urban planning that is divided into three parts as action area 1, 2, and 3.this location has an exceptional road connection through all modes of transports like cars, auto, buses, and trains. metro connection is expected by 2021 after the completion of line 6 construction work.new town hosts a wide variety of property like residential apartments, commercial and retail complexes, and corporate parks. numerous stunning projects are available, like hiland willows, tata housing avenida, bengal peerless anahita complex, and nbcc vibgyor.key highlightsthis satellite city of kolkata is convenient enough with all features of a metropolitan city.comprising residential apartments, commercial offices, and i.t. sectors together in a locality.whats great?i.t. hubs like ibm and cognizant are located in new townefficient transport facilities that connect the major locations of the cities.ongoing yellow metro line project will further develop the connectivity.whats not great?the residential demand is not so high.the traffic control is average.the development speed of the location is low.Watch out for?the innumerable striking projects are the major highlight of new town.they present 37 ready-to-move-in projects and 34 ongoing projects.greenwood nest greenwood nest offers 2 bhk, 3 bhk, and 4 bhk apartments which range from 7.29 lac to 1.05 cr. this ongoing project is expected in the market by 2022meena fortuna meena fortuna is a project which is carried out by gps groups who concentrate more on "commitment". this is the most creative project with good infrastructure and excellent amenities. this project is expected in the town by 2021swan court swan court is being developed with a classy environment with modern facilities like a jogging track, gyms, and play area within the locality. this project will make its entry by 2021property price rising factorshort term:regulating the parking system to reduce traffic congestion.increasing the safety of the localitylong term:to increase the demand for residential properties among peopleimproving the standard of the location to witness a market value of the location.other highlightssocial infrastructure:new town in kolkata has a well-built infrastructure with reputed educational institutes like newtown school, techno international schools and many more. the transport facility is effective in a way to connect new town road, aliah university road and nh12 road. nethaji subhash chandra bose international airport can be reached in half an hour from new town.shopping complex & markets:nkda community marketgalaxy mallaxis mallattrathala markethealth care centres:lotus hospitalohio hospitaldisha eye care and hospitalconnectivity & public transport:kolkata international airport is 12 kilometres away from the new town locality.the yellow line road which connects new garia - airport route will build metro connectivity by the end of 2021kolkata international airport is 12 kilometres away from new town.schools, bank & fitness centres:schools:the newtown schooldelhi public school, newtown(bsss) bodhicariya senior secondary schoolbanks and atms:icici rajarhataxis bank and atmallahabad bankstate bank of indiafitness centre:ultimate fitness centretalwalkars hifim.l. multi gympopular landmarks near locality:kolkata gatewayrajarhat chowmathastatue of ishwar chandra vidyasagareco parkmicro market analysis:capital and rental trendsthe price trend encountered a slight increase of 0.6% from 2020 october and the recent average price of the apartment is rs. 5145 as of january/february 2021. the price range configuration of this location is like 23% of the properties range from rs.60 lac- 80 lac, 22% of the properties range from rs. 40 – 60 lac lac, 15% of the properties range from rs. 80 lac rs. 1 cr and 40% of the properties are of other prices. about 53% of the properties are of 3 bhk room configuration, 33% are of 2 bhk room configuration, 9% are of 4 bhk room configuration and 5% are of other types.scope of growththis location with a mass of property secures a decent livability index which is calculated from the reviews of public, agent and owners of the location. it ranks 3.7 out of 5 on the whole while transport and hotels are marked as average.investment opportunitiesnew town, kolkata is fastly developing location which adopts the culture and lifestyle of a metropolitan city. this highly modern and classy locality will face an increase in market value further. investing in commercial properties or villas will highly benefit people with a good sum of profit.
