Demand for property in South Kolkata has hit the roof, particularly since it is majorly perceived as a prime residential destination and is home to some of Kolkata’s poshest neighborhoods. Locations like Alipore, Ballygunge, Gariahat, Lansdowne, Tollygunge and New Alipore are considered some of the most prime residential destinations in Kolkata. South Kolkata, however, offers a variety of housing options to buyers ranging all the way from affordable projects to ultra luxury projects. Some popular projects here include Eden Richmond Park, Rajwada Royal Garden, Fort Elegenza and Fort Oasis Tower III which spread across low, mid and luxury segments. Several flyovers and underpasses are being constructed in South Kolkata.The metro railway network was previously extended from Garia to Tollygunge and metro connectivity is one of the strongest USPs of South Kolkata. The Kamalgazi Bypass is also being constructed for easy access to the Bypass from the extreme parts of South Kolkata like Narendrapur and Baruipur. The EM Bypass is easily accessible through the Jadavpur Connector and also from Gariahat. South Kolkata residents get access to a solid transport network consisting of the metro, buses, auto rickshaws and cabs in addition to trams in some cases. South Kolkata is well connected to both Central and East Kolkata in addition to the business district. Emerging residential destinations include Kasba, Santoshpur, Garia and Narendrapur.South Kolkata is home to some of Kolkata’s most prestigious educational institutions and leading hospitals. There are several shopping malls here including the South City Mall, Quest Mall and Acropolis Mall among others. South Kolkata is dotted with restaurants, banks, pubs, lounges and nightclubs among all other necessary social amenities. The Sonarpur-Garia Road and South-East Corridor from Baruipur and Sonarpur are major infrastructural improvements while the metro network will soon be operational across Behala till Joka. South Kolkata also has a comprehensive and reliable railway network that links directly to Sealdah.Property prices have gone up by approximately 4.58% as per Q3 2015 and prices range between INR 2, 750-13, 891 per sq. ft. in the same period. Developers like the Eden Group, Daffodil, Team Taurus, Ambuja Neotia, Siddha, Vinayak, Ganguly Group, Mayfair Group and Ekta are hugely active in South Kolkata. South Kolkata promises the best quality of life for residents with easy access to social amenities, great connectivity and infrastructure and also the most coveted residential destinations.
Demand |
Supply |
|
---|---|---|
Apartment |
75%
|
54%
|
Builder Floor |
2%
|
6%
|
Independent House |
1%
|
4%
|
Plot |
7%
|
27%
|
Villa |
13%
|
3%
|
Demand |
Supply |
|
---|---|---|
1 BHK |
8%
|
2%
|
2 BHK |
29%
|
40%
|
3 BHK |
39%
|
38%
|
3.5 BHK |
1%
|
0%
|
4 BHK |
3%
|
8%
|
5 BHK |
2%
|
2%
|
6 BHK |
4%
|
0%
|
6+ BHK |
1%
|
1%
|
Demand |
Supply |
|
---|---|---|
Below 50 L |
47%
|
56%
|
50 L - 2 Cr. |
41%
|
34%
|
2 Cr. - 5 Cr. |
3%
|
6%
|
Above 5 Cr. |
6%
|
2%
|
Demand |
Supply |
|
---|---|---|
Apartment |
89%
|
62%
|
Builder Floor |
2%
|
4%
|
Independent House |
5%
|
3%
|
Office Space |
1%
|
8%
|
Demand |
Supply |
|
---|---|---|
1 BHK |
38%
|
8%
|
1.5 BHK |
4%
|
1%
|
2 BHK |
38%
|
37%
|
3 BHK |
16%
|
35%
|
Demand |
Supply |
|
---|---|---|
Below 15000 |
52%
|
18%
|
15000 - 30000 |
34%
|
37%
|
30000 - 50000 |
7%
|
11%
|
Above 50000 |
5%
|
32%
|