[ecis2016.org] Salt Lake City is a planned satellite town in West Bengal. It was developed between 1958 and 1965 to accommodate the rapidly growing population of Kolkata.
Salt Lake City is a hub of economic and social expansion. Dr. Bidhan Chandra Roy, the then Chief
You are reading: Salt Lake City Property Market: An Overview
Minister of West Bengal, was instrumental in formulating the plan to build the area, and thus the
township was named Bidhan Nagar in his honour.
Salt Lake City has clean and well-maintained roads and sanitation, relatively pollution free environment,
Yuva Bharati Krirangan, the largest sports stadium in India and the second-largest stadium in the world in
terms of capacity, shopping malls such as City Centre and a vast array of government offices and IT
sector that cater to the entire city of Kolkata.
S.D. Construction Pvt. Ltd., Salimji Construction and M.S. Construction are the leading builders in Salt
Lake City area.
Connectivity with nearby Salt Lake City localities:
The area is well-connected to other parts of the city through the EM Bypass.
The area is served by state-owned and private buses, taxis and auto rickshaws.
The nearest rail station is Sealdah Railway Station which is situated only 8.5 kms away from the
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area.
Netaji Subhash Chandra Bose International Airport is only about 12 kms from the area.
Employment hub in Salt Lake City:
The area is an employment hub for both the government sector and private sector especially for
IT and BPO.
Some of the prominent multinational companies such as TCS, Wipro and CTS are located here.
Notable government offices that are located in the area include Poura Bhawan and
Archaeological Survey of India to name only a few.
Schools in Salt Lake City and other social amenities:
Leading educational institutions and schools in Salt Lake City area include Haryana Vidya Mandir and
Bharatiya Vidya Bhavan. Well-known colleges in Salt Lake City area are Institute of Engineering and
Management and Techno India College. Reputed hospitals in Salt Lake City area include Anandalok
Hospital and AMRI. City Center is the major shopping mall in the area. Presence of several restaurants of
all budget categories, banks and recreational parks such as Nicco Park and Nalban make the area even
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more attractive.
Physical infrastructure in Salt Lake City:
The upcoming East-West metro route shall connect the region to Howrah Station which will help in faster
connectivity and a major mode of transport for thousands of commuters who travel everyday to the area
for office. Moreover, this will decrease the congestion that the area faces everyday especially during the
office hours.
Price trends in Salt Lake City:
Current property rates – INR 5100 – 5822 per sq. ft.
Rental rates for 2 BHK – INR 11,220 – 14,212.
Reasons to invest in Salt Lake City:
Being a major employment sector and the biggest IT hub in Kolkata, excellent civic infrastructure, social
amenities and continuous development are the eminent factors that make the area an ideal investment
area. The area is attracting home-buyers to settle in this calm and pollution-free area. However, the poor
street lighting has made theft and eve teasing a recurrent problem in the area.
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
