Affordable Housing Projects in Kolkata’s New Town

Kolkata’s New Town is a fast-growing and planned satellite city of North 24 Parganas district of West Bengal. It is a part of the area covered by the New Town Kolkata Development Authority (NKDA). This new information technology and residential hub are being developed on the north-eastern fringes of Kolkata and considered as the best locality in Kolkata for investment as well as for end users.

This locality is a perfect option for those looking for affordable property. Prices here are at its record low currently – data available with CommonFloor.com show average prices stand at Rs 3,500/sq.ft.

But this locality is set to change now. This locality is getting a Metro connectivity. Construction of Line 6 of the Kolkata Metro is underway that will connect the Netaji Subhas Chandra Bose International Airport to New Garia while passing through New Town. This route is expected to be operational by 2021.

Since rates are expected to see an upward movement in the future, it is the right time for investors to ripe to put their money in real estate hotspot of Kolkata. There are many top localities in Kolkata for investment and Kolkata’s New Town is one of them. To support those investors who are willing to utilize the opportunity, CommonFloor lists 5 projects that in New Town that offer homes under Rs 50 lakh.

Jain Dream One

RERA ID – HIRA/P/NOR/2018/000070

This under-construction project by Jain Group of Industries offers 2 BHK apartments between 945 – 1080 sq.ft. Prices of these units run between Rs.45.36 L – 51.84 L.

The project, which will be ready for possession in December 2020, offers all the basic amenities for the dwellers, including a landscaped garden, gymnasium, clubhouse, children play area, an intercom facility, a 24×7 security system, badminton court, power-backup provision, etc.

Magnolia Signature

RERA ID -

This project by Magnolia Infrastructure Development Ltd offers 2 and 3 BHK apartments that range between 892 – 949 sq.ft in 2 BHK, and between 1155 – 1261 sq.ft in 3 BHK. Prices of these units run between Rs.32.11 L – 34.16 L for 2 BHK and Rs.32.11 L – 34.16 L.

The project, which will be ready for possession in December 2022, offers all the basic amenities for the dwellers, including a landscaped garden, community hall, gymnasium, children play area, an intercom facility, senior citizen park, 24 hours power-backup and water provision, etc.

GPS Meena Aurum

RERA ID – HIRA/P/NOR/2018/000213

This completed project by GPS Group that offers 2 and 3 BHK residential apartments in different configurations, ranging between 802 – 971 sq.ft for 2 BHK and 1123 – 1312 sq.ft for 3 BHK. These apartments are available in the price range of Rs.4.86 L – 30.10 L for 2 BHK and Rs. 4.86 L – 30.10 L for 3 BHK.

Amenities in the project include round-the-clock security, a gymnasium, Wi-Fi connectivity, fire fighting system, 24 hrs power backup facility, and a car parking area.

Ambey Eco Valley

RERA ID – HIRA/P/NOR/2018/000069

This project by Ambey Group offers 1 and 2BHK apartment configurations that will be available for possession by 2021. These units are available in different sizes, ranging between 914 – 1002 sq.ft for 2 BHK and 1268 – 1291 sq.ft in 3 BHK. Apartments in the project are priced between Rs 47.14 L – 51.14 L for 2 BHK flats.

This project is well-equipped with all basic facilities such as a community hall, swimming pool, gymnasium, etc.

Merlin Aspire

RERA ID – HIRA/P/NOR/2019/000372

This project by Merlin Group offers 1BHK apartments that range between 518 – 530 sq.ft. Prices of these units run between Rs 12.43 L – 15 L.

The project, which will be ready for possession in June 2020, offers all the basic amenities for the dwellers, including a gymnasium, senior citizen park, children play area, community hall, an intercom facility, a 24×7 security system, power-backup provision, etc.