New Town property market: An overview

[] New Town is rapidly growing satellite city located in the North 24 Parganas, adjacent to Kolkata. It is an ideal residential hub for luxurious stay with corporate offices within the area.

New Town Real Estate provides with latest facilities in residential areas as it is a planned township. It is the second IT hub of Kolkata. The apartments in New Town are luxurious with 2 BHK, 3 BHK and 4 BHK facilities. 5 BHK flats in New Town are quite expensive. The residential complexes have amazing facilities that draw attention of buyers easily.

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Few of the builders in New Town Kolkata are Siddha Galaxia, Svarna Infrastructure & Builders Pvt. Ltd., Siddha Town Rajarhat, Nestwood Estates Pvt. Ltd., Siddha Happyville, Unitech Limited, etc.

Connectivity with nearby New Town localities

  • Dumdum, Baranagar, Saltlake etc. are very near to New Town.
  • Dumdum Metro Station and Belgachia Metro Station lie nearest to this area.
  • The Dumdum Airport is just 20 minutes away from New Town.
  • Howrah Station and Sealdah Station are just 4 kms and 1.3 kms away from New Town, respectively.

Employment hubs near New Town

  • New Town itself is a giant IT sector; hence, employment hubs are huge in number.
  • Wipro, Cognizant, IBM, Tata Consultancy, etc. and all the leading IT companies are established in this area.
  • The Akashvani Bhavan lies just 3.2 kms away from this township.
  • Eden Gardens is just 3.4 kms away from New Town.
  • The national library can be reached in just 30 minutes from New Town.
  • The British Council too lies just 4.2 kms away from this locality.

Schools in New Town and other social amenities

Many reputed school and college campuses are being set up in this township. But the existing schools in New Town area are the Newtown School Kolkata, Delhi Public School Newtown, Narayan School, Devaki Memorial School, Bubble Blue, Pranavananda High School, Shemrock Whiz kids Play School, Delhi Public School Megacity, Mongrace Montessori House etc. Few of the hospitals in New Town area are Tata Medical Centre, Ohio Hospital, Charnock Hospital, Glocal Healthcare Systems Private Limited, New Avenue Nursing Home, AMRI Hospital, Shankar Nethralaya etc.

Physical infrastructure in New Town

Physical Infrastructure of New Town is quite advanced and developing at a rapid pace. Nitech Heights, Sunrise Greens, Sankalpa, Tata Eden Court, Shrachi Greenwood Elements are few of the best apartments here. Axis Mall, Swissotel, Navotel, New Town Eco Park etc have further developed this township giving it a glossy and suave outlook. With some of the finest amenities around New Town has grown to be the latest investment hub for buyers and builders.

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Price rates of apartments are all above Rs. 5,000 per sq. ft. With the development of this area, price is rising a bit high.

Reasons to invest in New Town

New Town is one of the commotion free areas in Kolkata. Luxurious apartments, finest amenities and superlative market area with leading companies have shaped this area into an ideal residential hub but the ultra serene ambience sometimes prove to be problematic when help is needed urgently.

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Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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