[ecis2016.org] Hastings is located in Kolkata. It was developed at the time of British Raj in the country and is now experiencing a flurry in the real estate market
Hastings has its name derived from the first Governor of the Presidency of Fort William (Bengal). However, in the recent years, the area has developed to become one of the attractive destinations that have been drawing attention from both estate developers and home buyers.
You are reading: Hastings property market: An overview
The region is situated at the southern fringe of Kolkata, which in itself is one of the bustling centers of trade and commerce. Leading educational institutions and several big and small firms that are recruiting young minds, are making the place even more lucrative. As a result, there is a huge demand for residential projects, as more and more people are trying to settle in the area.
Connectivity with nearby Hastings localities
- The area is served by state-owned and private buses and taxis.
- Howrah Railway Station is the nearest rail station, which is located only at a distance of about 7 kms from the area.
- Khidderpore Dock, which is a well known port in the city is located nearby to the area.
- The distance of the area from Netaji Subhash Chandra Bose International Airport is only about 23 kms.
Employment hubs near Hastings
Kolkata is a hub of both, public and private sector jobs. Not only that, the city has several small and big companies, firms and MNCs that provide employment opportunities to the educated, trained and skilled people. Therefore, Hastings and its nearby areas, also give scope for employment to its residents.
Kendriya Vidyalaya and Army Pre Primary School are some of the well-known educational institutions and schools in Hastings area. Reputed colleges in Hastings are Institute of Education for Women and Sister Nivedita Government General Degree College for Girls. Hospitals in Hastings such as Equine Hospital and Green Building and Medical College, provide medical and health amenities to the people of the area. Fort William Canteen is the main market place of the area, as it stores all sorts of stationeries and groceries, household requisites and other useful goods. Hastings Chapel, Durga Mandir and Masjid-E-Mazhar are some of the places of worship. James Princep Ghat and Race Course are the places of entertainment that attracts people of all age.
Physical infrastructure in Hastings
Ongoing projects in Hastings such as Prudent Sri Krishna, Prudent Kashi Villa, Keventer Crosswinds and Space 4A Hastings Park, are being built with the purpose of accommodating the teeming population of not only Kolkata but also to the people from different states.
Price trends in Hastings
- Current property rates – Rs 12,500 per sq ft.
- Price appreciation – 50%
Reasons to invest in Hastings
Considering several factors such as the location of the area, connectivity, employment opportunities, basic social infrastructure and civic amenities, the area proves to be a good investment. Competitive prices of properties due to its location at the heart of southern part of the city and continuous developments, are leading to the escalating demand of the area especially in terms of its property market.
Check properties in Hastings
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