Burgeoning Residential Property in Kolkata - By: Deepika B

Kolkata is classified as the 8th largest urban agglomeration in the world in the United Nations World Urbanization Prospects report. It is gaining a lot of visibility these days owing to the large scale property developments across the city. Kolkata real estate is developing at an electric pace with hundreds of property projects being launched by leading developers in the city.

Kolkata is not only the cultural capital of the country but is also popular for its literary, artistic and revolutionary heritage. Real estate sector is flourishing across numerous cities and towns in India with huge investments being made in its expansion and development. Apparently, Kolkata property market is also welcoming various plans and schemes to accelerate the growth of the sector. Already home to a large number of multinationals- software, FMCG, BPO and finance companies; it has a well developed infrastructure for commercial and industrial units. Further, housing in Kolkata is now developed by realty honchos like DLF Limited, Unitech Group, Tata Housing etc. as well as city based builders like GM Group, Trans Residency, Bengal Abasan Builder and numerous others.

There are a large number of property projects coming up in Kolkata across the entire spectrum- residential, commercial and retail. These projects are spread throughout the zones of the city- Central, North, South, East, West and others.

Some of the upcoming residential projects in Kolkata are:
-Debchhaya Twins, Siddha Town, Eden Court Primo, Urban City, Urban Iris, Urban Rose, Meena Elegant, Meena Residency, Palacio, Hiland Woods, Hiland Sapphire, Nirvana Country, Sugam Ashray, Urbana, Restello, Ideal Villas, Meena Florence (Rajarhat), Angel Tower (Salt Lake), Greenwoods Element, Royal Regency (VIP Road), Model Town, Orchid Valley (VIP Road) and various others.

-Merlin Group is one of the most important developers in Kolkata residential real estate as it has launched plentiful projects to expand the property segment of the city. Some of them are Merlin Jasmine (Chandranath Chatterjee Street), Merlin Cambridge (24 Prince Anwar Shah Road), Merlin North Star (Lake Town), Merlin Warden Lakeview (Ultadanga), Merlin Trinoyoni (Behala), Merlin Jabakusum (New Alipore), Merlin Uttara (Konnagar), Merlin Regency (Dr. Suresh Sarkar Road), Merlin Daffodil (near VIP Road, Baguiati), Merlin Uttara (Konnagar near Howrah) and Merlin Sapphire (Upen Banerjee Road) among others.

-Diamond Group, another a prestigious name in the domain of realty development is also constructing some residential projects namely Diamond Residency, Diamond City South and Diamond City West. Both Diamond Residency and Diamond City West offer various apartments at a price starting from nearly Rs 18 lakhs while apartments in Kolkata Diamond City South are priced at a minimum of Rs. 46 lakhs.

The above list of projects is enough to underline that Kolkata residential property segment is burgeoning with developments. All kinds of flats, apartments, villas, residential complexes, townships and other housing units are built to meet the constantly growing demand for property in Kolkata. Both deluxe and affordable housing options are available to cater to all classes while promising quality and modernity at their best. They are equipped with advanced amenities and state-of-the-art technology to present a world class living experience. Property in Kolkata has always been well known turning many into heritage sites and tourist hotspots. But, realty structures of today display swanky designs and urbanity making the ‘City of Joy’ a riveting blend of old and new. This combination of the tranquility of old times & the modernity of developed cities has never been seen before.

Kolkata real estate is sought after mainly because of the comparatively lower prices and cultural environment that it extends. It is ideal for both buying and investment purposes as infrastructure of the city improves perpetually.

About the Author

Deepika Bansal writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers & brokers can exchange information. At 99 acres, you can advertise a property in India , search, browse through Kolkata property and Properties.

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