New project in Kolkata
New Town is appearing as the latest commercial hub of Kolkata. As the demand for office space is increasing by the IT industry and several expansions of secondary and tertiary industries increasing in Kolkata, New Town is coming up as the destination of the real estate projects in Kolkata.
It is noticed that commercial transaction has been increased in Kolkata in recent past. The rental values of commercial office space available in the area witnessed a 15-20% appreciation in the last six to eight months.
New Town is emerging as the hub of projects due to the high availability of space, enhanced connectivity within the city as well as accessibility to neighborhood cities in the area.
At present the cost of commercial properties in New Town is around Rs 2800 to 5000 per sq ft.
The upcoming projects in the area are Ambuja Ecostation, Mani Casadona, Century Commanders Vista, Astra Tower and Rishi Tech Park. These new projects are designed with all the lifestyle features and specifications and are capable of providing Grade A facilities to big corporates.
The area is seeing demand from big companies such as Tata, Infosys and Wipro apart from local industries.
In future New Town is going to be the biggest commercial hub in Kolkata.
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Source: Magic Bricks
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