Motijheel, Kolkata

motijheel (meaning: pearl lake) is a horse-shaped lake in murshidabad in west bengal. motijheel is closely situated to murshidabad (1.5 km) in the south and from the hazarduari palace (3 km) in the south east. these have been excavated on the beds of the bhagirathi river that used to flow here at some time in history. various residential developments have taken place around this river and it has become one of the top developing residential localities in the town.

the average price of this locality is 6,785  / sq ft. 50% of the properties on sale lie in the range of 20 lakhs - 40 lakhs whereas 50% of the rental properties lie in the range of 20,000 - 25,000 and the rest 50% lies in the range of rs. 25,000 - rs.40,000. this locality has various residential houses, apartments including luxurious 2 bhk, 3 bhk and 4 bhk apartments and residential plots.

key highlights :

• connectivity to major localities like South Dum Dum, ramgarh, clive house, surer math, nager bazar and kamardanga.

• developing locality with affordable housing prices 

• bounded by the hooghly river.

whats great? :

• developed social infrastructure

• close proximity to railway station

• ample parking space

• low pollution

• ample greenery

whats not great? :

• traffic jam on main roads at peak hours

• lacks metropolitan features

• bad roads due to construction of metros.

• overcrowding due to tourists

Watch out for? :

• upcoming metro line

• prices moderately increasing as the locality is a prime location and an upcoming posh locality in Kolkata 

property rising factor :

• short term -

• development in social infrastructure

• the locality is considered to be a prime location

• long term -

• the locality is proposed to get smart and the infrastructure project involves giving motijheel commercial and residential spaces .

• the upcoming plans of the government to develop tourist attractions have benefitted motijheel.

other highlights :

• social infrastructure -

• motijheel is mainly a suburban area with excellent bus and metro connectivity.

• markets, shopping complexes, schools and hospitals are nearby too.

• shopping complexes & markets -

• diamond plaza ( 1.3 km )

• style bazaar krishnagar ( 750 m )

• city centre salt lake ( 7.4 km )

• downtown mall ( 9 km )

• reliance trends ( 1.7 km )

• health care centres -

• care hospital ( 8.3 km )

• mediclinic ( 14 km )

• calcutta heart clinic & hospital ( 8.8 km )

• ils  hospital ( 7.6 km )

• arham clinic ( 9.5 km )

• connectivity and public transport -

• dum dum junction metro and railway station.

• nse bose international airport (9.1 km)

• patikpur railway station

• schools, banks and fitness centers -

• schools :

• little angel school ( 350 m )

• national english school ( 2.4 km )

• dum dum kishore bharati high school ( 30 m )

• howard memorial school ( 400 m )

• dum dum motijheel girls high school ( 130 m )

• banks & atm :

• banks

• united bank of india ( 450 m )

• central bank ( 1.1 km )

• indusind bank ( 950 m )

• bank of baroda ( 300 m )

• atms 

• state bank of india atm ( 350 m )

• central bank of india atm ( 900 m )

• bandhan bank atm ( 350 m )

• axis bank atm ( 450 m )

• union bank atm ( 51 m )

• fitness centres :

• phoenix fitness studio ( 750 m )

• physiomax gym ( 850 m )

• spartan fitness hub ( 600 m )

• liberators gym ( 1.1 km )

• popular landmarks near locality

• maidan ( 20.5 km )

• victoria memorial ( 13.4 km )

• dakshineswar kali temple ( 9.6 km )

• shaheed minar ( 11.1 km )

micro market analysis :

• capital and rental trends -

• price trend analysis has shown motijheel showing an upward trend since the last six months. there has been an increase of 16% in the prices of properties in this locality.

• a 2 bhk apartment in this locality costs around 28 lakhs to 65 lakhs.

• renting a 3 bhk apartment would cost around 19,000 -25,000 to your pocket.

• scope of growth -

• with the upcoming construction to make this locality a smart city, the price of this locality will be witnessing a surge in the prices

• with the governments proposed plan to develop a mini township, the location is set to have a makeover.

• investment opportunities -

• price trend analysis recommends a 2 bhk apartment as it is a reasonable share of price compared to the upcoming residential location it has become. with the governments new plans to build up tourist places, new projects would be flourishing in which would be a boon for residential investments.