[ecis2016.org] Park Street, now called Mother Teresa Sarani is a populated thoroughfare located in the heart of the city of Kolkata.
Park Street is known for hosting Kolkata’s night life. A number of renowned musicians of today have
You are reading: Park Street Property Market : An Overview
played at night shows in bars and clubs of Park Street namely – Trinca's, Blue Fox, Mocambo and
Some of the landmark locations of Park Street include – several notable buildings such as the Asiatic
Society, St. Xavier's College, Calcutta, a Seventh-day Adventist Church, and the South Park Street
Connectivity with near Park Street localities:
The locality is well connected to various developed areas and a number of hotels, schools, banks and
hospitals via an excellent network of railways and roadways.
The locality is well connected to the renowned localities of Kolkata namely – Beniapukur,
Bhowanipore, Minto Park, Taltala, Park Circus among others.
The locality is well connected to the rest of the Kolkata via an extensive network of metro
railway. The nearest metro stations include – Maidan and Esplanade which are located at
distances of 1.7 and 2 kilometres respectively, from the locality.
The nearest airports include – the Netaji Subhash Chandra Bose International Airport is
situated at a distance of 19.4 kilometres.
CSTC, WBSTC, SD and CTC networks of bus services are operational here.
Employment hubs near Park Street :
- Maharashtra to hand over forest land for Navi Mumbai Airport
- Phase I of Navi Mumbai Airport to take off by 2019
- Aponar Apon Ghar: Assam home loan subsidy scheme for state government employees
- Real estate in 2021: Industry pins recovery hopes on COVID-19 vaccine, government measures
- Illegal religious structures near metro: HC seeks DDA’s reply
The locality is witnessing an increase in the population in the recent years owing to its proximity to
Read also : Nitesh Park Avenue
the commercial hub of Sector V which is located at a distance of 10.6 kilometres.
Schools in Park Street and social amenities :
Park Street provides its residents with all kinds of social amenities to live a happy and peaceful life.
They include various schools and hospitals.
Park English School
St. Xavier’s College
Loreto College and many more enjoy being the best educational institutions of Park Street.
Of the social amenities provided by Park Street the major health institution dominating the locality
Life Line Nursing Home
Netaji Subhas Chandra Bose Cancer Research Institute
Apart from these it also provides the luxury of enjoying recreational amenities and proximity to
various banks and ATMs, including –
State Bank of India
Park Street also provides its residents with a number of recreational amenities, of which the popular
restaurants, bars and lounges include –
Physical Infrastructure in Park Street :
Proposals to develop Park Street Car Parking have been made.
Price Trends in Park Street:
Price Appreciation in Park Street – around 79.9% in last 1 year
Present Current property rates in Park Street : INR 6,667 – 22,000 per sq ft
Reasons to invest in Park Street:
Park Street has grown up to emerge as a very convenient neighbourhood considering the easy living
conditions and many job opportunities that it provides its residents with. The high rise in property
pricing and demand make investing in Park Street a lucrative attempt. Park Street emerge as a
preferred working as well as a residential destination of Andhra Pradesh.
Projects like Belani Metro Towers, Eco Exquisito, Siddha Arch and Multicon Hathwa Regency situated
in and around the locality are among the best projects to invest in Park Street.
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