Thursday, 22 June 2017

Alipore Offers Better Prospects For Real Estate Development in Kolkata

Alipore is located in southern Kolkata in West Bengal and is the headquarters of South 24 Paragans District. It is the poshest and costliest area of Kolkata with homes costing up to Rs. 12.7 crores. The higher real estate market and increasing property rates are due to Alipore’s good connectivity and proximity to major areas. Some of the most famous luxurious flats of Kolkata are built in this area. It is a commercial and residential hub with price trends increasing up to 10% - 12% in the past three years.
Alipore is well connected to its surrounding areas and major cities by a network of railways and roadways. It is surrounded by Tolly Nullah in the north and Bhowanipore in the east. On the west, it is surrounded by the Diamond Harbour Road and new Alipore borders it from the south. Alipore is connected to different parts of the city by the KSTC bus service. The nearest railway station is the Majherath Railway Station and New Alipore Railway Station. Netaji Subash Chandra Bose International Airport is the nearest airport located at a distance of 10 kms. It is also connected to the Kalighat Metro Station which connects it to major areas of the city. The roads are wide and the traffic area is sufficient, causing no problems whatsoever even during the peak hours.
With a well-developed infrastructure and increasing property rates, the locality of Alipore also provides all the civic amenities required to lead a posh and luxurious life of peace and content. The educational facilities are well provided for with some major institutions like Army Institute of Management, University of Calcutta, Lakshmipat Singhania Academy among others. Health services provided by the area are exceptional with some of the famous hospitals like Woodlands Multispecialty Center, Calcutta Medical Research Institute, BM Birla Heart Research Center among others being located here. Other then these, recreational centers and some of the city’s finest eateries are present in this locality. The Zoological Garden and historical monuments in the area are an attraction for tourists and people from all walks of life.
Property Market
The property rates in the city of Kolkata are continuously rising and Alipore is one of the leading localities to have the costliest property of Kolkata. Property rates in the area have risen upto Rs. 10 crores and the average buying price is Rs. 7210 per sq ft. The average rate for renting an apartment in Alipore is Rs. 35500 per month. Apartments in Alipore cost between the range of Rs. 60 lakhs – Rs. 2 crores and plots are placed at the rate of Rs. 5 Crores. Commercial space in Alipore can be rented at Rs. 55000 per month and most of the projects are residential housing.
Upcoming Possibilities
With increasing population, the real estate market of Alipore is continuously rising. The increasing property rates and price trends are attracting some of the known developers like Zenith Constructors, Urban Buildtech Pvt Ltd, Unique Constructions among others to invest in the area.
With well-developed infrastructure and a large number of the residential properties, Alipore is sure to become the most lavish and posh suburb of Kolkata with elites of the society residing there. 


Post a Comment