[ecis2016.org] Joka, in south-west Kolkata, has emerged as a developing locality in the city. We look at what makes this location sought-after, the options available for home buyers and the future prospects for the region
Kolkata, the capital of West Bengal, is considered as the third most-densely inhabited city of India, after Mumbai and Delhi. It is also known as the commercial capital of eastern India. It has become a key centre for business and financial activities, as well as an IT hub of the region. According to statistics, Kolkata’s population stands at around 14.8 million. It has an employment rate of 36.8 per cent, resulting in growing demand for residential real estate in the region. Kolkata is no longer merely a safe location for investment; rather, it has turned out to be a place that offers high profit along with stability. Healthy participation from investors, has meant that Kolkata is witnessing continuous growth in all real estate segments.
You are reading: Joka: An emerging real estate destination in Kolkata
Owing to its planned development, Kolkata has a variety of housing options, right from affordable to premium and luxury. Improved connectivity, affordability of land and upcoming major infrastructure developments, are boosting the demand for real estate in the peripheral areas of Kolkata. Upcoming projects like the metro rail, will further improve connectivity across the city and key micro-markets like Joka, New Garia, Dum Dum and Noapara.
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Connectivity to Joka
Joka, a bustling town in Thakurpukur Mahestala CD Block in south-west Kolkata, has a rapidly-growing real estate market. Development of the metro rail route from Joka to Tollygunge, resulted in an increase in demand for residential properties in the area. With the presence of all major public transport options and metro connectivity, Joka is well-connected to areas such as Esplanade, Howrah, Sealdah and other parts of Kolkata. Joka is also connected to Kolkata through the four-lane Diamond Harbour Road and the four-lane James Long Sarani. The Joka-BBG Bagh Metro network’s construction, will further boost connectivity.
Check out properties for sale in Joka
Social infrastructure in Joka
Several renowned education institutes are also located in Joka. IIM Kolkata, S Pailan World School, Kolkata Model School, Delhi Public School, Kendriya Vidyalaya and Vivekananda Mission School, are some of the well-known educational institutions in Joka. Some of the best medical and diagnostic institutes and hospitals in this region, such as ESI Hospital, BMRI Hospital and Humanity Hospital, further elevate Joka’s popularity as an emerging residential hub.
What home buyers can expect, in Joka
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The metro projects, trouble-free connectivity to markets, hospitals, banks, schools and educational institutes and the presence of good public transport, have fueled the demand for property in Joka. It can be expected that property prices in Joka will increase, owing to this demand, as compared to other parts of the city.
Apart from infrastructural development, Joka also offers a serene environment to its home buyers. Located away from the hustle and bustle of the city, Joka provides all the comforts of modern living. It offers affordable, as well as luxury homes and innovative ventures like theme-based residential spaces. In a brief span of five years, Joka has emerged as ‘the next big thing’ in Kolkata’s real estate landscape, driven by demand from customers who aspire for lifestyle accommodation at an affordable price tag.
(The writer is business head, west and east, Godrej Properties Limited)
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
