Central Park, Kolkata

Central Park Kolkata is a developed residential locality in salt lakes sector iii. central park is located in the north-eastern part of kolkatas salt lake, carved out of marshy land in 1965. the bidhannagar municipal corporation administers the locality under the kolkata metropolitan development authority. 

central park in kolkata is a popular residential destination of independent houses, villas, and multi-storied housing complexes. the area derives its name from the urban public park banabitan, but colloquially called central park. the park is the second-largest green oasis in kolkata, after the maidan. the place includes karunamoyee, a vast housing colony in the vicinity. the area is well known as a bus terminus and several government offices. 

central park attracts homebuyers and tenants in droves due to its strategic location, a stones throw away from the sector-v it and employment hub, at the same time, well connected to the nearby new town. a robust physical and social infrastructure completes the scenario for a modern living experience for the residents. 

reputed realtors like the ideal real estate, merlin group, ps group, and the gm group, to name a few, operate in the central park area. some of the completed ready-to-move or on-going mega projects in the vicinity are panache, ideal aquaview, merlin 5th avenue etc. apartments are priced in the range from rs.37 lakhs to rs.60 lakhs, while some may sport a price tag up to rs.1.5 cr. about 40% are residential properties posted by individuals.  

key highlights:

• it is strategically located close to it hubs at sector-v and new town with excellent connectivity. 

• homebuyers can choose every type of property comprising independent houses, villas, and apartment buildings in a well-planned locality. 

whats great?

• well laid boulevards for local travel and excellent road and metro connectivity to various parts of kolkata and beyond distinguishes central park. 

• every amenity – banks, schools, colleges, hospitals, and markets are nearby.

whats not great?

• slow-moving traffic during peak office-hours is a regular affair. 

Watch out for?:

• the east-west metro projects commissioning connecting salt lake central park with howrah maidan through phoolbagan, sealdah, and esplanade shall transform the area. 

• the setting-up of proposed infosys and wipro campuses in new town soon shall augment employment opportunities. 

property rising factor:

short term:

• multiple ready-to-move projects. 

• sector-v is in the immediate vicinity, and new town is just a hop away. 

long term:

• two upcoming metro lines reaching howrah airport and extreme south kolkata destinations.

• immensely satisfying social infrastructure. 

other highlights:

• social infrastructure:

central park is a peaceful green residential locality offering the best in various amenities, including close-by government and mnc offices. every block in salt lake sports a community center and a market within its precincts. eminent schools and hospitals abound in the immediate vicinity. brand names in restaurant chains, multiplex, unique shopping spaces, not to mention cultural hotbeds, are close.  

• shopping complex & markets:

• big bazaar.

• mani square. 

• city center i and ii.

• downtown mall.

• axis mall. 

• health care centers:

• anandalok hospital. 

• bidhannagar sd hospital. 

• asia columbia hospital.

• amri hospital. 

• ils hospital. 

• apollo gleneagles hospital. 

• connectivity & public transport:

major roads bordering central park are the vip road, em bypass, and the sh3 from new town to chingrighata. the closest rail station is bidhannagar. karunamoyee bus terminus connects to various parts of kolkata, including bbd bagh and the airport, at a distance of 10 km. 

the e-w metro has been partially running from central park terminus up to phoolbagan. the upcoming parallel north-south garia metro link touches central park on the way to airport. central park residents use public and private buses for commuting beyond salt lake. auto and cycle rickshaw is the local commute mode. 

• schools, bank & fitness centers:

schools in the area:

• salt lake school.

• salt lake point school.

• bidhannagar government high school.

• bhratiya vidya bhavan.

• kendriya vidyalaya. 

banks in the area:

salt lake has one of the best banking coverage in kolkata. several banks like the bank of india have their regional offices and training centres in the central park area, besides branches and atms. 

fitness centers in the area:

• rush fitness.

• talwalkars.

• golds gym.

• physiomax gym. 

• popular landmarks near locality:

• salt lake stadium

• nicco park

• nalban

• biswa bangla gate

• open air theater

• eastern zone cultural center 

micro market analysis:

• capital and rental trends:

• central park has witnessed slight movement in the capital trends in the recent past due to the possibility of infosys setting up a campus in new town.

• the property price range in central park is rs.2333 to rs16667 per sq ft. 

• the projected sale trends in central park indicate about 20% of the properties priced up to rs.20 lakhs and another 20% between rs.40 lakhs and rs.60 lakhs.

• the rent trends reveal that about 40% of the properties are available for rs.30k to rs.35k per month. 

• scope for growth:

• central parks portents are promising as approximately 60% of the stakeholders have rated the locality as excellent. 

• investment opportunities:

• central park property price trends indicate that sales and purchases in the locality are profitable. the in-demand properties are 3 bhk for sale and 1bhk for rent.