Indira Nagar, Kolkata

indira nagar is a small residential area in the parganas district, Kolkata, the west bengal capital city. the place is popular for its low cost of living and land value. almost all the locality flats and apartments have an average rent ranging from 3,000-4,000 inr. the properties are sold at an average price of 20-35 lacs for a 2bhk flat in a typical apartment/building.

the netaji subhas chandra bose airport is at a distance of 15 km from the locality, and the most famous hooghly river in kolkata is just about 1-2 km from indira nagar. it can be classified as a proper residential locality as there is little presence of business activities and commercialization of properties is nowhere to be seen. 

people in indira nagar speak bengali and english although, bengali is considered the local language. neighboring cities are barrackpore, konnagar. the closest railway station is the sodepur railway, which is at a walkable distance of 1km.

interestingly indira nagar has a lot of political parties with great levels of influence over the local community, because of which elections are full of competition and enthusiasm.

key highlights    

• the surrounding localities to indira nagar are sodpur, gandhi nagar, and angles nagar colony at the beautiful hooghly river bank.

• indira nagar consists of many playgrounds within a range of 1 km, including Ramchandrapur playground, laha bagan playground and shimultala park on the south-east part of the locality, which is very much popular for yoga activities done by the elderly residents.

• with multiple subdivisions located near indira nagar, guru nanak institute greatly contributes to the community in terms of medical facilities, education, and economy.

• the area is surrounded by dozens of temples with devoted worshippers, which is typical of a residential locality.

whats great?    

• the best thing about indira nagar is the pleasant and calm atmosphere; this is mainly because most of the area is occupied by residential apartments and homes.

• hooghly river, which is one of the popular tourist spots in kolkata, is just a km away from indira nagar.

• although the area is not yet gone through westernization, one can find all the basic amenities easily accessible like pharmacy stores, atms, shops and stores to fulfill all the basic livelihood needs.

• rent for a typical 2bhk apartment in an apartment or building is around 3000/- rupees.

whats not great?  

• there are very few hotel and restaurant chains or fast-food franchises and little to no international clothing and product brands.

• accessibility to shopping malls, pubs and clubs is difficult in indira nagar.

• slow growth in land value and other residential properties as limited commercialization and business activities is happening in the area.

Watch out for?

the locality has a robust infrastructure and good housing options, so you can watch for the various ongoing projects in the locality. the apartments are available at affordable prices. 

property rising factor

short term: indira nagar has new ongoing development projects; hence, the real estate market will witness a hike in demand and supply. 

long term: the location offers affordable properties; however, in the long run, these properties will witness a rise in prices, which will be profitable for the real estate investors.

other highlights  

• social infrastructure

indira nagar has abundant residential buildings with relatively low rent and provides a good opportunity for people looking to buy apartments as there are multiple projects in the initial stages of development offering flats at a bargain. the playgrounds, parks and pleasant atmosphere is a great contribution to living good.

• shopping complex & markets

tons of markets and shops are situated in the north of sodepur, approximately 1 km from indira nagar.

• sodepur supermarket in sodepur barasat road

• boardghar market in sodepur barasat road

• municipality super market on no. 2, sodepur station rd.

• sodepur fish market no. 2 deshabondhu nagar, sodepur.

• style bazar sodepur in deshbandhu rd

• peerless nagar shopping complex peerless nagar, ramkrishna pally.

• health care centers

indira nagar has limited medical centers and hospitals nearby, but many multi-specialty hospitals under 5 km.

• panihati state general hospital barasat rd

• esi hospital kamarhati in graham road, kamarhati

• sri balaram seva mandir state general hospital in ms mukherjee rd

• zenith super specialist hospital at 9, 3, feeder rd

• asg eye hospital at ground and first floor, 149, barrackpore trunk rd

• connectivity & public transport

• indira nagar has good connectivity by railway as the sodepur railway station is about a km away, and the barrackpore railway station is at a distance of 2km.

• barrackpore math para and panihati bus stop are under 1 km distance from indira nagar and have routes for pretty much all of the city.

• schools, bank & fitness centers

indira nagar has a good number of schools and banks within the range of 2-3 km and many gymnasiums nearby, including stay fit gym, o2 workout studio and new colony gymnasium.

schools.

• national model school rd number 1, hb town.

• sri chaitanya techno school 51, sm bose rd, near duck back more.

• indira memorial english medium high school  23, b t road, khardah, b t road.

• central public school in hb town, beside state bank of india, amaravati, station road, sodepur station rd.

banks.

• axis bank atm at ground floor, sodepur station rd, beside rathindra cinema

• bank of baroda sodepur station rd

• central bank of india atm at barrackpore trunk road, raja road

• karur vysya bank in beharilal ghosh rd

• indusind bank at ground floor, plot bearing no. 618 merlin maximus, barrackpore trunk rd.

• popular landmarks near locality

• with its sub-branches for medicine, engineering, dental sciences, and many more, guru nanak institute is a very popular group of institutions near indira nagar.

• ramchandrapur sub-post office at ramchandrapur road, arunachal, sodepur, kolkata is another oldest landmark in the locality famous for its old establishment.

micro market analysis

• capital and rental trends: even though the locality has a lot of housing options, there is a fall in new projects due to unsold stock, which has reduced the rental yield in kolkata and affects the locality as well.

• scope of growth: the area still has to develop more; however, its connectivity to the airport and major localities can help in its growth in the long run.

investment opportunities: investors making larger investments are better off and will gain profits as the demand increases.