Park Street Property Market : An Overview

[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

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played at night shows in bars and clubs of Park Street namely – Trinca's, Blue Fox, Mocambo and

Moulin Rouge.

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

Cemetery.

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 :

The locality is witnessing an increase in the population in the recent years owing to its proximity to

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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.

 Apeejay School

 Park English School

 Loreto House

 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

includes –

 Nightingale Hospital

 Life Line Nursing Home

 Mercy Hospital

 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 –

 HDFC Bank

 IDBI Bank

 State Bank of India

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 Axis Bank

Park Street also provides its residents with a number of recreational amenities, of which the popular

restaurants, bars and lounges include –

 The Park

 Trincas

 Moulin Rouge

 Barbeque Nation

 Peter Cat

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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Category: Lifestyle