East Kolkata draws demand from home buyers
Residential localities in East Kolkata such as Rajarhat, New Town Action Areas are becoming sought after areas for home buyers.
Particularly, residential demand is generated by the middle income home buyers in the localities. Currently, average value of multi-storey apartments in eastern localities of Kolkata falls between Rs 3,500-5,500 per sq ft.
The maximum demand from property buyers is generated for the segment between Rs 30-50 lakh. As high property prices in localities in the main like Park Street and EM Bypass are out of reach for middle income people, the eastern localities are increasingly preferred by working professionals, who prefer these localities due to its good connectivity and proximity to the IT Hub of Kolkata.
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