Investing in Rajarhat New Town may be a good decision since this is the fastest growing realty destination in Kolkata. The area wins brownie points from investors since it is well-planned and has three divisions, namely Action Area I which has the commercial and residential spaces and shopping malls, Action Area II which has the CBD that has several business parks, apartment complexes, IT offices and institutional plots and Action Area III, which has several residential complexes and sub-townships.
There is huge demand for residential property in Rajarhat New Town at present. The Netaji Subhash Chandra Bose International Airport is located just 5 kilometres away from the locality and this makes it a great place to invest in. The VIP Road is easily accessible from Rajarhat New Town along with the EM Bypass which is a major connectivity lifeline to the rest of southern and northern Kolkata. The Sealdah railway station is located 12 kilometres away from Rajarhat New Town. The Belgharia Expressway is also accessible from Rajarhat New Town. Work is currently going on for the metro railway network linking Rajarhat to the airport and the rest of the city. Another metro route is also being built which will link Salt Lake with Howrah and central Kolkata.
The Sector V IT hub is also easily accessible from Rajarhat New Town which makes it a preferred housing destination for professionals in this sector. The upcoming metro project will boost connectivity further and lead to an increase in property rates. Several companies like TCS, HCL Technologies, IBM, Tech Mahindra, Capgemini and Wipro have their offices here. Social infrastructure is well developed with several educational institutions like the Derozio Memorial College and Delhi Public School and leading hospitals like the Tata Memorial Hospital located here. Shopping malls like the City Centre II and the Downtown Mall are also being developed while hotels like the Pride Hotel and Swissotel are also coming up here. There is the Ohio Hospital and other hotels like Novotel and Westin which have given a fillip to infrastructural development in the area. There are several big-ticket projects being developed here as well including Cancun Canvas.