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What Makes Newtown-Rajarhat Ideal for Real Estate Companies to Invest?



If gold is the best form of investment, real estate sector takes the second position in this regard. The fast pace development of modern cities is giving rise to residential projects along with infrastructural developments, thereby providing the residents with a better form of living. To further trigger the process of development, the shaping up of airports have played a major role. 

Rajarhat in East Kolkata maintains healthy proximity to the airport which gives it an immense scope of development when compared with other locations in North or South Kolkata. The real estate builders in Kolkata is tapping on this region to come up with luxurious residential projects, thereby enhancing the importance of this region for long term investment. With each passing day, it is shaping up to become one of the most popular destinations among the real estate companies in Kolkata and homebuyers. Here's to why the developers are choosing this region to come up with projects to encourage a better lifestyle. 

  

Rajarhat, Newtown- The Booming Part of East Kolkata

Connectivity at its Best
Even though a developing region, Rajarhat embraces good connectivity, which makes it the perfect place to come up with luxury flats in Kolkata for the buyers. It’s closeness to the IT hub in the east, Sector V and Salt Lake makes it a perfect place for the IT professionals. Additionally, the road is well connected with the Eastern Metropolitan (EM) Bypass and Belgharia Expressway, thereby enabling one to travel smoothly to the southern and northern parts of the city.
To make things easier for the residents here, the locality is currently observing fast-paced metro rail development that will facilitate better connectivity to the airport, South and North Kolkata. The second upcoming metro route will connect the locality to Howrah, Salt Lake and central Kolkata. 

Hub of Commercial Facilities
Rajarhat Newtown is home to countless commercial facilities, thereby giving yet another reason to the real estate builders in Kolkata to come up with residential projects. As per 2011 census, Rajarhat Newtown comprises of:

  • 12 Retail & Entertainment Spots
  • 11 Medical Institutions
  • 10 Prominent IT Companies
  • 13 Educational Institution
  • 12+Restaurants
  • 16+Banks
  • 14+Grocery Stores 
  • 10+Petrol Pumps

Owing to such developments and many other ongoing developments, the real estate development companies in Kolkata believe that the region has immense potential to provide home buyers with a living experience unlike anywhere else in the city. 

 Housing Complexes


Rajarhat Newtown is one those few submarkets that have garnered the attention of national and international developers to uplift the value of real estate project in this area. 

If you calculate the average capital values and rental values, you'll observe them on the higher side. While the rental value for every 1000 sq.ft ranges from Rs 9,000-20,000 per month, the capital value is around Rs 3,300-5,700 per sq ft. 

Additionally, the entrance of new-age real estate builders in Kolkata like the Anik Industries is making sure to infuse projects with innovative features apart from luxurious living spaces. Modern clubhouse features like the infinity swimming pool, hi-tech gymnasium, indoor games room, spa & massage room, steam & sauna room, children's play area, library, etc. marks the start of a better lifestyle. Also, the presence of a landscaped garden, beautiful botanical arrangement, natural waterbody, open-air miniplexes and amphitheatre enables the projects in this area to stand out from the rest of the city.

Over the next 20-25 years, Rajarhat Newtown is predicted to become the ultimate destination among homebuyers and one of the most popular regions for investment among the builders. A shift from South Kolkata to this region is expected among the youngsters owing to the presence of vast open spaces, organised modern amenities and less congestion. The real estate companies in Kolkata are considering Rajarhat as a replication of what Gurgaon and Noida have become to NCR and Navi Mumbai to Mumbai.
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