| Girikunj Phase II adjacent to New Alipore, is the | | | | IT Parks, hotels, malls and commercial and shopping |
| newly found residential option in Kolkata. Private real | | | | complexes as well. This well balanced approach |
| estate developers have lined up their projects in the | | | | towards development has increased the possibility of |
| range of Rs. 28 -36 lakhs. Capital values of builder | | | | commercial office demand shifting along with |
| floor apartment in Tolly Gunj near Menoca cinema hall | | | | residential requirements. A gradual change is in the |
| is Rs 65 lakhs and the rental value of an 1800 sq ft | | | | offing, with Park Street and its adjacent areas likely |
| apartment in Tolly Gunj near Menoca cinema hall is Rs. | | | | to emerge as retail high street locations. Over the |
| 15000 per month. In Jadabpur the capital values of a | | | | last two-three years, residential property prices in the |
| 1000 to 1200 sq.ft is in the range of Rs. 25 to 48 | | | | area had gone up by over 50 per cent. Developers |
| lakhs whereas the premium apartments in this region | | | | are anticipating more than 15-20 per cent rise in the |
| is between 52 to 60 lakhs for a 1000 to 1200 sq.ft | | | | prices by this time of the year also. |
| multi-storey apartment. | | | | Thus, it can be concluded by saying real estate in |
| Kolkata Real Estate has witnessed an unprecedented | | | | Kolkata is in a high growth phase, especially in office, |
| price rise in the South Kolkata localities like Ballygunge, | | | | hospitality, retail and residential sectors. For |
| Prince Anwar Shah Road and Elgin road. The factors | | | | commercial, it is the EM Bypass, Sector V in Salt |
| behind such a steep rise in select localities are the | | | | Lake, Park Street, Camac Street and Theatre Road. |
| limited availability of real estate options, successful | | | | For residential, the majority is again around the EM |
| retail and commercial projects and improved | | | | Bypass towards the Rashbehari Connector and New |
| connectivity with improved urban road build quality. | | | | Town. There are some pockets in Central Kolkata, |
| Rajarhat, unlike Salt Lake, is being developed as a | | | | but not too many projects are happening here due |
| new city, with not only residential projects but SEZs, | | | | to the non- availability of large plots of land. |