Magnolia OlympusRajarhat, Kolkata

rajarhat is also called as new town. it is very close to kolkata city and is covered by new town kolkata development authority. there were formerly two villages rajarhat and bhangar which are now combined, and new town locality is formed. however, a small part of it is still known as rajarhat. this area is a combo of commercial hub and residential hub. some of the major it companies are tcs, wipro, cognizant, real estate giants like unitech, shapoorji-pallonji, ambuja realty, and tata group are a part of this locality. the sizes of the residential complexes in this locality vary from each other. this locality is at a fast developing stage and is becoming a satellite town. prime localities near the area are dum dum, baguiati, keshtopur, new town, salt lake and lake-town. there is a mix of under construction and ready to move in apartments, some of which are siddha happyville, ideal enclave, siddha town and mounthill pyramid. the properties available in this locality are large in number, and the average buying price in the locality is rs 4,118 per square feet.key highlightsmajor it companies are located in this area.one of the best areas for top-class health care facilities.whats great?shares good connectivity to vip road and biswa bangla sarani road.well-developed social and retail infrastructure.whats not great?far from the localities which are at the heart of the city.lacks metro connectivity.Watch out for?3 bhk at rajarhats most famous building with modern amenities is siddha happyville. it is located in the locality centre and has all the amenities you will wish for and good links to transport.property price rising factorshort termthe area is loaded with modern-day facilities.good connectivity for transit facilities.long termalready has two highways, and the 3rd one is coming up, which is an expressway.planned infrastructure with roads, drainage, parks, subways and overbridges.under construction yellow line metro station.other highlightssocial infrastructuresocial infrastructure is still developing, although it has existing infrastructure which is top-notch too. one of the most prominent and honoured hospitals, “tata medical centre,” is located here. the area serves good links to the central city through the major arterial road. some of the other places of interest are the mothers wax museum, eco park, rabindra tirtha, which is in rabindranath tagores memory. other infrastructures include schools, colleges and markets.shopping complex & marketsaxis mallcity centre mallcentres malllifestyle storesdlf galleriahealth care centresnarayana super speciality hospitalbhagirathi neotia woman and child care centreohio hospitalapex general hospitalchittaranjan national cancer instituteconnectivity & public transporttwo state highways and one upcoming expressway will connect this locality to nh34, keeping rajarhat in between. it has good connectivity via vip road, biswa bangla sarani road and rajarhat road. `the nearest metro station is dum dum, located on the blue line at a distance of 8.5 km from this area. two central railway stations in kolkata are howrah station and sealdah station, which are just 17 km and 14.9 km away, respectively.subhash chandra bose international airport is located just 4 km away from here.schools, banks and fitness centresschools in this area:orchids the international schoolsacred heart schoolgreen field academythe newtown schoolpath niketan schoolbanks in the area:icici bankhdfc bankbank of barodaindusind bankstate bank of indianearby atms for all prominent banks:axis bank atmicici bank atmhdfc bank atmindusind bank atmfitness centres:the fitness worldultimate fitness centreanytime fitnesspopular landmarks near localitykolkata gatewayrajarhat chowmathaeco-parkmicro market analysiscapital and rental trendsout of all the properties in rajarhat, 3 bhk is the most common room configuration and occupies 51% of the properties, followed by 2 bhk, 4 bhk and others which are 37%, 7% and 5%, respectively.the range of properties costing between rs 40 lakhs to rs 60 lakhs is 26%, and rs 60 lakhs to rs 80 lakhs is 22%.the cost of rental properties is between rs 10,000 to rs 15,000, 25% of the total properties and rs 15,000 to rs 20,000, which is 24%.scope of growththere is continuous growth observed in this locality in terms of infrastructure. many things are already planned, such as new metro lines, bridges, subway, improvisation of roads, drainage etc. investment opportunitiesinvesting in this locality sounds like a master plan because it is developing into three times bigger than the neighbouring planned salt lake city. the locality has witnessed an increase of 0.6% as of now. the prices in this area are expected to hike faster after the metro line has been developed.