Ripon Street, Kolkata

Ripon Street is one of the oldest localities in central Kolkata. considered as a part of old kolkata, the locality is one of the famous areas in kolkata. it is pretty close to all the prominent places in kolkata like victoria memorial, eden gardens, howrah bridge, etc. the locality has a mix of both old and newly constructed properties and thus offers a great variety of housing options. 

the locality has prominent sites in close vicinity, and this is the main factor for the high demand and price of a property. dharmatala, bowbazar and elgin street are some of the nearby localities that are quite famous. 1 and 2 bhk is the most common housing configuration in this locality. however, comparatively newer projects offer 3 bhk houses as well.

key highlights:

• the locality is quite close to park street and elgin street, which are prominent localities of kolkata since british time.
• the park street metro station is just 1 km away from the locality.
• the locality has parks, reputed schools as well as hospitals and is a part of the big office hub of kolkata. 

whats great?

• having a home in this locality is a boon for many people as it has everything a resident desires for is available at close range.
• the location is excellent as access to various parts of kolkata is easy.
• the locality, as well as the surrounding localities like park street, have big markets with several shops and are considered as one of the main shopping hubs of kolkata.

whats not great?

• in heavy rain, especially during the monsoon season, there is water stagnation in the locality, as it is an ancient locality with improper drainage facilities.
• the roads are narrow as well, and it is very difficult for outsiders as there isnt ample parking space either.

Watch out for?:

investors and property buyers should Watch out for? high-priced houses in this locality, its location being the main factor for it and traffic congestion in peak hours. few new projects are also being made in this locality, with good parking facilities and luxurious houses which might be a good investment opportunity.

property price rising factors:

short term- the short-term factor is the growing importance of the location of the locality, with so many prominent places and offices of kolkata around it.

long-term- the locality has everything, and the prices of properties are high too. the only long-term factor could be the expansion of the city and expansion of the metro connectivity, further increasing the demand for a property in this locality.

other highlights:

social infrastructure

the locality has a well-developed social infrastructure tapping to its maximum potential. there are several famous markets, schools, and hospitals around the locality.

shopping complex and markets

the shopping complexes in and around the locality are star attractions for the locality and the entire kolkata. everyone visits the park street market around the year, and there are several new branded shops and old local shops that have been there for generations around the locality. one can find anything in these markets.

healthcare centres

being such an important locality of kolkata and its premium location, famous hospitals, and healthcare centres are bound to be close to the locality. some of the hospitals around this locality are:

• mission hospital
• mercy hospital
• nightingale hospital

connectivity and transport

being close to essential offices and prominent locations of kolkata, there are buses, auto, kolkatas famous yellow taxis, cabs, etc., that provide their services in the locality. residents face no such problems in transport, and additionally, metro services are also available from park street, which provides a cheaper option for long-distance travel. the locality is in the centre of kolkata, so connectivity is not a problem either. neither the railway station nor the airport is far away.

schools, banks, and fitness centres

schools

the schools around this locality are also quite famous and have been running for generations. some of these schools are:

• st. anthonys high school  
• taltala high school

banks

some of the banks that provide their services to the residents of this locality are:

• united bank of india  
• state bank of india 

fitness centres

 some of the fitness centres around the locality are:

• ufit gym  
• park health club

popular landmarks in the locality

the locality itself is an important landmark for people who are visiting the park street area. still, some of the landmarks around this area is helpful for the visitors and residents are the ripon street triangular park and ripon residency.

micro market analysis:

capital and rental trends- the locality is quite expensive for the common man due to its prominent locality. a 2 bhk would cost around inr 70 lakhs to 1 crore in this locality, while the rent for the same would cost around inr 28,000.

scope of growth- the locality is one of the oldest localities of kolkata and is well developed. the scope of growth is minimal; there are few new projects in this area, and the metro connectivity has transportation easier.

investment opportunity- getting an opportunity to invest in this area is rare and difficult. still, as there are some new projects, these can act as good opportunities as the demand for a house in this locality is never ending.