Kolkata has been experiencing a rapid transformation in recent years in terms of infrastructure, demographics, and economic growth. This development has manifested in real estate in Kolkata, where Kolkata is now emerging as one of the most attractive investment destinations among major Indian metros. The spike in the real estate sector has been so magnanimous, that it has left top-tier metropolitan cities like Delhi, Mumbai, and Bangalore behind.
But what makes Kolkata so unique in the world of real estate investments?
In this blog post, we’ll explore the factors driving growth in the Kolkata real estate market and why it stands out among its counterparts.
Top 5 Reasons Why Real Estate Kolkata is Grabbing the Attention of Investors!
Here’s why Kolkata is attracting a large number of real estate investors compared to other metropolitan cities in the country.
#1 Relatively Reasonable Rates
Kolkata is known for its relatively affordable properties compared to other major metropolises.
Owing to its proximity to countries like Bangladesh, Bhutan, Nepal and ASEAN the city has become a preferred choice for multinational companies and industries seeking to expand their operations in these countries. This has led to a sharp increase in demand for office spaces, warehouses, and residential properties in and around Kolkata.
Since the property rates are relatively affordable, they also offer a great starting point for new players in the market. Besides promising high returns, real estate Kolkata also showcases a high degree of stability in its real estate market, thus attracting a large pool of investors.
#2 Growing Investment Opportunities in Suburban Areas
As real estate prices have surged in the main parts of the metro cities, several investors have started exploring opportunities in the suburban and peripheral areas, such as Madhyamgram, Rajarhat, Newtown, Garia, Joka etc due to their affordability and availability of land.
These areas are experiencing a surge of planned developmental activities catching the eye of real estate investors not just from Kolkata, but from across the country.
#3 Consistent Infrastructural Upgrades
In recent years, the city has been witnessing substantial infrastructure development, such as the expansion of the metro system, the addition of Dedicated Freight Corridors (Eastern and Western DFCs), and the development of major roadways that connect Kolkata with other cities, to name a few. This has not resulted in improved transportation and connectivity but has also enhanced the overall lifestyle for residents. Additionally, it has also led to an appreciation of property values, which is a major plus for investors eager to explore real estate in Kolkata.
#4 The Thriving IT Sector
A significant booster for the city has been the establishment of IT companies in areas like Saltlake, Newtown and Rajarhat. Some of the most prominent multinational companies based out of Kolkata are Tata Consultancy Services, IBM, Accenture, Cognizant Technology Solutions, Wipro, and Deloitte.
Naturally, the flourishing IT sector has led to an increase in demand for offices, residential properties, and retail spaces, offering ample investment opportunities for investors.
Not just that- Kolkata is also home to globally recognized educational institutions like IIT Kharagpur, top-notch healthcare facilities like Tata Medical Center, Fortis Medical Centre, etc., and a well-connected public transport system
#5 World-class Development Projects
In addition to the above-discussed factors responsible for attracting more real estate investors, another significant aspect is the rising number of high-end residential development projects in real estate in Kolkata.
Trusted real estate developers are bringing up world-class plot development and township projects in popular areas like Newtown. These projects not only provide real estate investors with a lucrative investment opportunity but also encourage home buyers to reimagine an enhanced and supremely convenient lifestyle for themselves.
The Bottom Line
Kolkata’s real estate sector has been growing at an unprecedented pace. And extraordinary projects like Swapnabhumi, are enabling the investors to make the most out of it.
Swapnabhumi Newtown is celebrated for being the largest residential township project in eastern India. It is spread across a vast area of 500+ acres with more than 2000 units, and 12+ amenities, including a sports complex, multipurpose court, restaurant, gym, parks, and much more! The residential plots also have all the necessary sanctions and approvals in place, so the investors don’t have to go through excruciating procedural and legal hassles. If you’ve been looking for a stellar investment opportunity in Kolkata, this is it!