Kolkata’s real estate sector has witnessed major growth over the last few years and Rajarhat New Town is one of the biggest contributors to this growth. Rajarhat New Town offers a promising and affordable real estate market and the authorities are taking steps to overcome infrastructural hurdles in the area as well. Price appreciation prospects are good in Rajarhat New Town due to major MNCs and corporates setting up shop in the area and its potential towards becoming a future IT and ITeS hub. Several leading hotels and shopping malls are coming up in Rajarhat along with reputed educational institutions and hospitals.
Demand is steady for property in Rajarhat New Town. The property boom has also transformed nearby areas like Madhyamgram and Barasat which are well connected to the airport. Barasat in particular, is witnessing rapid growth in real estate with prime projects like Unimark Sports City being developed here. Rajarhat New Town offers affordable property values, another factor that has propelled demand. There are a variety of property options available in Rajarhat New Town. Prices can range between Rs. 2, 500-6, 000 per sq. ft. New developments like the upcoming Infosys Campus have also led to an increase in demand. Several leading companies are slated to invest in Rajarhat New Town.
There is good connectivity to the Netaji Subhas Chandra Bose International Airport and major roads like VIP Road and the EM Bypass which connects the locality to east and south Kolkata. There is great connectivity to the prime area of Salt Lake and the Sector-V IT hub. Several working professionals and families prefer to buy homes in Rajarhat New Town on account of proximity to their workplaces. The commercial real estate sector is also gaining momentum in Rajarhat New Town. Developments like the Eco Park and Mother’s Wax Museum have already attracted tourists and citizens in droves as recreational and leisure destinations. The Government is pulling out all the stops in order to boost infrastructure in Rajarhat New Town with several new initiatives.
All of these factors contribute towards making Rajarhat New Town an attractive property market for end users and investors alike.