Hey there! If you’re planning to buy a house in Kolkata, it’s important to understand the real estate market and the localities in the city. Kolkata’s real estate market has seen a significant rise in recent years. With the growth of the city’s IT sector and the development of new commercial hubs, the demand for residential properties in Kolkata has increased exponentially.
Moreover, the city’s rich cultural heritage, beautiful architecture, and affordable housing prices make it an attractive destination for homebuyers. However, with the rise in demand, property prices have also increased in certain areas. Hence, it’s crucial to research and identify the right locality before making a purchase.
Buying a house in a good locality is not just about having a comfortable living space but also about making a wise investment. A good locality not only adds to your quality of life but also offers various benefits in terms of safety, accessibility, and appreciation of property value.
Living in a good locality means having access to quality education, healthcare, and social infrastructure. Moreover, a well-connected locality with good transportation facilities can save you a lot of time and money on commuting. Additionally, properties in good localities tend to appreciate faster than those in underdeveloped areas, making them valuable assets for the future.
Top 5 Localities to Buy a House in Kolkata in 2023
New Town:
New Town is a rapidly developing suburb located in the North-Eastern part of Kolkata. Here are some key points about New Town that you should know before buying a house:
Location and connectivity:
New Town is strategically located near the Netaji Subhas Chandra Bose International Airport and is well-connected to the city via major arterial roads like VIP Road, Rajarhat Road, and Newtown Expressway. The metro rail projects are further improving connectivity to the rest of Kolkata, making New Town an ideal location for homeowners.
Average property prices:
The average property prices in New Town vary depending on the type of property and the location within the suburb. As per recent trends, the average price per square foot for residential properties ranges between INR 4,000 to 7,000.
Hospitals:
New Town has several world-class hospitals, including Tata Medical Center, Ohio Hospital, and AMRI Hospital, providing top-quality healthcare services to residents. The hospitals are equipped with state-of-the-art facilities and have highly trained medical professionals.
Shopping malls:
Some of the best shopping malls, including City Centre 2, Axis Mall, and DLF Galleria, offer residents access to a range of national and international brands. The malls also have several food courts and entertainment centers, providing a one-stop shop for residents’ needs.
Educational institutions:
When it’s come to education New Town has several renowned educational institutions, including Delhi Public School, Newtown School, and St. Xavier’s University, offering top-quality education to students. The institutions are equipped with modern facilities and have highly qualified faculty.
Entertainment centers:
New Town has so much variety in entertainment centers, including Eco Park, Aquatica, and Nicco Park, providing residents with access to a range of recreational activities. The centers are equipped with state-of-the-art facilities and provide a great source of entertainment for residents.
Parks and gardens:
New Town has several parks and gardens, including Eco Park, Rabindra Tirtha, and Central Park, providing residents with a green and peaceful environment. The parks are equipped with modern facilities and are great places for residents to relax and unwind.
Future prospects:
New Town is a prime location for real estate development, with several residential and commercial projects in the pipeline. With the rapid expansion of the IT sector, New Town is becoming a popular destination for young professionals, making it an ideal location for rental income. Moreover, the proposed expansion of the airport and the development of the New Garia-Airport Metro line will further boost the prospects of the suburb. If you are looking for a premium quality property at affordable prices visit GLS Realty, Best Real Estate Developer In Newtown, Kolkata.
Behala
Behala is a well-established suburb located in the South-Western part of Kolkata. Here are some key points about Behala that you should know before buying a house:
Location and connectivity:
Behala is located close to the central part of Kolkata and is well-connected to the city via major roads like Diamond Harbour Road, James Long Sarani, and D.H. Road. The suburb also has good connectivity to the Kolkata metro, making it an ideal location for homeowners.
Average property prices:
The average property prices in Behala vary depending on the type of property and the location within the suburb. As per recent trends, the average price per square foot for residential properties ranges between INR 3,500 to 6,000.
Hospitals:
It has several hospitals, including Behala Balananda Brahmachari Hospital and Calcutta Medical Research Institute, providing top-quality healthcare services to residents. The hospitals have state-of-the-art facilities and highly trained medical professionals.
Shopping malls:
This place has several shopping centers and malls, including South City Mall and Diamond Plaza Mall, providing access to a range of national and international brands. The malls also have food courts and entertainment centers, providing a great shopping experience for residents.
Educational institutions:
This location has several renowned educational institutions, including South Point School and Behala College, offering top-quality education to students. The institutions are equipped with modern facilities and have highly qualified faculty.
Parks and gardens:
If your kids want to go to play in the park or you love walking with your dog. Behala has several parks and gardens, including Rabindra Sarobar and Behala Flying Club, providing residents with a green and peaceful environment. The parks are equipped with modern facilities and are great places for residents to relax and unwind.
Religious centers:
Behala has several religious centers, including the Kali Temple, which is one of the largest temples in Kolkata. Other religious centers include mosques and churches, catering to residents of different religions.
Future prospects:
Lastly, Behalais a well-established suburb with a rich history and culture. While it may not be as modern as some of the other suburbs in Kolkata, it has a charm of its own. With the proposed development of the Behala Chowrasta metro station and the widening of James Long Sarani, Behala is set to witness significant growth in the coming years. The suburb is also expected to witness an increase in commercial activity, which will further boost property prices.
RajarHat
Location and connectivity:
Rajarhat is a rapidly developing locality located in the northeastern part of Kolkata, known for its excellent connectivity. It is situated near the Netaji Subhash Chandra Bose International Airport and is well-connected to other parts of the city via major roads and public transportation.
Educational institutions:
Rajarhat has several renowned educational institutions, including DPS Megacity and Techno India University, offering top-quality education to students. The institutions are equipped with modern facilities and have highly qualified faculty.
Parks and gardens: Rajarhat has several parks and gardens, including Eco Park and Central Park, providing residents with a green and peaceful environment. The parks are equipped with modern facilities and are great places for residents to relax and unwind.
Shopping malls: Rajarhat has several shopping malls, including Axis Mall and City Centre 2, offering residents access to a range of national and international brands. The malls also have food courts and entertainment centers, providing a great shopping experience for residents.
Hospitals: Rajarhat has several hospitals, including Tata Medical Center and Charnock Hospital, providing top-quality healthcare services to residents. The hospitals have state-of-the-art facilities and highly trained medical professionals.
Connectivity: Rajarhat has excellent connectivity with other parts of Kolkata through major roads and public transportation. It is also located near the Netaji Subhash Chandra Bose International Airport, making it easy for residents to travel domestically and internationally.
Average property prices:
The average property prices in Rajarhat vary depending on the location and type of property. The price range for apartments and houses in Rajarhat typically starts from INR 30 lakhs and can go up to several crores depending on the amenities, size, and location of the property.
Future prospects:
Rajarhat has emerged as one of the most promising and rapidly developing localities in Kolkata. The locality has attracted significant investment from major developers, and several infrastructure projects are underway, such as the proposed Metro line and the expansion of the Netaji Subhash Chandra Bose International Airport. As a result, the future prospects of Rajarhat look promising, and property prices are expected to appreciate in the coming years.
Ballygunge
Ballygunge is a posh and upscale locality situated in the southern part of Kolkata. It is well-connected to other parts of the city via major roads and public transportation. The locality is also close to important areas such as Park Street, Victoria Memorial, and the Maidan.
Educational institutions:
Ballygunge has several renowned educational institutions, including Ballygunge Shiksha Sadan and Modern High School, offering top-quality education to students. The institutions are equipped with modern facilities and have highly qualified faculty.
Parks and gardens:
Ballygunge has several parks and gardens, including Deshapriya Park and Rabindra Sarobar, providing residents with a green and peaceful environment. The parks are equipped with modern facilities and are great places for residents to relax and unwind.
Shopping destinations:
Ballygunge has several shopping destinations, including Gariahat Market and Quest Mall, offering residents access to a range of national and international brands. The destinations also have food courts and entertainment centers, providing a great shopping experience for residents.
Hospitals:
Ballygunge has several hospitals, including AMRI Hospital and Ballygunge Nursing Home, providing top-quality healthcare services to residents. The hospitals have state-of-the-art facilities and highly trained medical professionals.
Average property prices:
The average property prices in Ballygunge are higher than other localities in Kolkata, given its posh and upscale status. The price range for apartments and houses in Ballygunge typically starts from INR 1 crore and can go up to several crores depending on the amenities, size, and location of the property.
Future prospects:
Ballygunge has always been one of the most sought-after localities in Kolkata, and the future prospects of the area look promising. The locality is expected to continue attracting high-end buyers and investors due to its prime location and exclusive status. Additionally, several infrastructure projects, such as the proposed metro line, are expected to enhance connectivity and further boost property prices in the area.
Alipore
Location and connectivity:
Alipore is a high-end residential locality situated in the southwestern part of Kolkata. It is well-connected to other parts of the city via major roads and public transportation. The locality is also close to important areas such as Maidan, Park Street, and Victoria Memorial.
Educational institutions:
Alipore has several renowned educational institutions, including Birla High School and South Point High School, offering top-quality education to students. The institutions are equipped with modern facilities and have highly qualified faculty.
Parks and gardens:
Alipore has several parks and gardens, including Alipore Zoo and National Library, providing residents with a green and peaceful environment. The parks are equipped with modern facilities and are a great places for residents to relax and unwind.
Shopping destinations:
Alipore has several shopping destinations, including South City Mall and Forum Courtyard, offering residents access to a range of national and international brands. The destinations also have food courts and entertainment centers, providing a great shopping experience for residents.
Hospitals:
Alipore has several hospitals, including CMRI Hospital and Woodlands Hospital, providing top-quality healthcare services to residents. The hospitals have state-of-the-art facilities and highly trained medical professionals.
Average property prices:
The average property prices in Alipore are among the highest in Kolkata, given its exclusive status and high-end amenities. The price range for apartments and houses in Alipore typically starts from INR 5 crores and can go up to several crores depending on the amenities, size, and location of the property.
Future prospects:
Alipore is one of the most exclusive and sought-after localities in Kolkata, and the future prospects of the area look promising. The locality is expected to continue attracting high-end buyers and investors due to its prime location and exclusive status. Additionally, several infrastructure projects, such as the proposed metro line, are expected to enhance connectivity and further boost property prices in the area.
Conclusion
Kolkata offers a range of localities for prospective homebuyers to choose from, each with its unique features and benefits. However, based on our analysis and research, we have identified the top 5 localities to buy a house in Kolkata in 2023, which are New Town, Behala, Rajarhat, Ballygunge, and Alipore.
These localities offer a range of amenities, including good connectivity, educational institutions, parks and gardens, shopping destinations, and top-quality healthcare facilities. They are also expected to have promising future prospects, with several infrastructure projects underway and more in the pipeline.
Choosing the right locality to buy a house is crucial, as it can have a significant impact on your lifestyle and investment returns. By selecting one of these top 5 localities in Kolkata, you can ensure that you invest in a property that not only meets your current needs but also has the potential to grow in value over time.
So, if you’re planning to buy a house in Kolkata in 2023, consider these top 5 localities and take advantage of the exclusive lifestyle, amenities, and future prospects that they offer.
