About Park street
park street is one of the most significant arterial roads of kolkata. although this neighbourhood is widely recognized as park street, it has experienced a few name changes over the last two centuries, with its present official name being mother teresa sarani.park street starts at jawaharlal nehru road and extends itself till the 7 point crossing at park circus. various significant roads of the city meet or start from park street. the park street metro station is one of the deepest underground stations in kolkata and lies between esplanade station and maidan station.park street is considerably a great neighbourhood, with its fair share of 5-star restaurants and hotels, clubs and bars and numerous diners. the street presents itself to be a majestic sight worth witnessing on the events of diwali, christmas and new years eve when the whole road is adorned with brilliant bright lights, with locals pouring in enormous numbers, to celebrate the festivals with mirth and enthusiasm.since the neighbourhood has to offer such great elements, including the location, nearby landmarks, shopping outlets and eating areas, the average price of apartments are relatively on the higher side, with 15,000 inr per sq-ft amounting to an estimate of 70 lakhs to 3 crores for a 3bhk apartment. at the same time, properties for rent are available for an average price of 40,000 inr to 1 lakh for a 3bhk apartment.key highlightsthe location is one of the most distinguished and sought after entertainment destinations of kolkata and has bagged itself the rightful label of being the “the street that never sleeps”.it is interesting to note that park street is primarily comprised of christian communities. accordingly, the neighbourhood has a number of churches, convent educational institutions and most importantly, the place is well known for its christmas celebrations at the adjacent allen park.the location has various quintessential sites in the vicinity, including the asiatic society, the park hotel and south park cemetery.whats great?every corner of the neighbourhood is laid out with picturesque buildings with magnificent colonial architecture and green spaces, making the place a highly aesthetic subject to capture.park street has a myriad of renowned eateries (such as trincas, peter cat and mocambo) offering a versatile range of cuisines to its customers. even today, the location remains kolkatas prime dining and partying neighbourhood and hence is often termed as being the “food street”.whats not great?owing to its perpetually crowded streets, park street has excessively bad traffic and road congestion, making it difficult for vehicles to pass smoothly.despite it being one of the most happening and beloved places of the city, park street has a few negative elements to offer, including noise, traffic, parking, and occasionally filthy streets resulting from the overflow of people.Watch out for?every turn at park street reveals a new surprise. the place continues to be loved mainly because of its old school charm and its historicity associated with the british. the roadside booksellers are definitely to look out for, who sell a wide range of old and new books at exceptionally low prices. similarly, a place one must definitely visit while at park street is rajs spanish cafe, supposedly the only restaurant in the city to use a wood-fired oven. factors like these add immensely to the curious and intriguing nature of park street.property rising factorshort term: significant and iconic cultural destinations surround park street, and hence, the property prices keep rising. the location does not provide much space for residential purposes. however, the place is in high demand for the purposes of commercial marketing. accordingly, such lands are reasonably priced very high.long term: in the long term, still, we can only imagine that park street will be central to soaring property prices. the place will, evidently, remain monumental to kolkatas historicity and, as a result, will witness increasing property prices, even in the future.other highlightssocial infrastructurepark street has experienced an intense surge in population in recent years given its well-connected transport system, proximity to schools, hospitals, banks, hotels, and the nearest airport, i.e. the netaji subhash chandra bose international airport. the locality offers its inhabitants a wide range of social conveniences to carry on with a cheerful and serene life.shopping complex & marketspark street has various shopping complexes and markets in its vicinity that are established for the inhabitants of the neighbourhood.the metro plaza shopping mallvardaan marketquest mallbazaar kolkatanew marketgariahathealth care centerspark street has quite a few reputed and well-known health care centres and clinics nearby, ensuring that the residents lead a happy and healthy life. some of the hospitals are:mercy hospitalfortis medical centrenightingale hospitalpeerless hospitex hospitaland researchcenter ltd.netaji subhas chandra bose cancer research instituteconnectivity & public transportpark street has very well connected roadways and an extensive metro railway network. the main access points of park street are though mallick bazaar crossing, park street metro and camac street.in the mallick bazaar crossing access point, the number of public transport options has substantially increased with new autorickshaw routes emerging from lower circular road cemetery to park circus to beniapukur. similarly, new bus routes have also emerged due to the increase in ac bus routes.a very rare yet, very rewarding and excessively amazing treat is the tram route which goes through the mallick bazaar crossing, especially the 20, 25, and 26 numbered trams, all of which go via the ajc bose road.schools, bank & fitness centerspark street has a considerable number of schools, banks and fitness centres for the residents. nearby gyms include kick fitness gym, endorphins and sweat out.schools:apeejay schoolloreto housest. xaviers collegiate schoolharrow hall schoolyoung horizons schoolbanks:hdfc bankaxis bankuco bankstate bank of indiaindusind bankpopular landmarks near localitypark street is known for having an abundance of cemeteries, including the south park street cemetery, the lower circular road cemetery and the scottish cemetery, all within 1 minute walking distance of each other. these cemeteries attract tourists all year round.park street has many cultural and historical sites to offer to its locals, including the indian museum, victoria memorial and m.p birla planetarium.micro market analysiscapital and rental trends:arguably, park street is the epitome of kolkatas essence and charm and is, therefore, highly sought after for housing and commercial purposes. as a result, the rent and sale prices of properties are high and is only going to increase in the next years.scope of growth:the area has tremendous scope for growth, with commercial shopping outlets and office spaces continually emerging, making the place ideally convenient for its residents.investment opportunities:the location is excellent for investment and business opportunities, especially in commercial properties.
