Ballygunge has witnessed a strong demand for residential property which in turn pushes the funding prices.
The area has well-developed commercial infrastructure as well as uncomplicated connectivity to any section of
Kolkata. The modern projects unveiled furthermore boost require as well as go up within prices.
Ballygunge is known as one of the prime localities in Kolkata. The average property prices were approximately Rs 7,500 per sq ft during the Jul-Sep 2011 period has gone up to Rs 10,500 per sq ft during the Jul-Sep 2012. The residential price has increased by 30 percent in past one year.
In Ballugunge residential properties are available within a range of Rs 9,000 to 20,000 per sq ft, depending upon the construction of the units.
Many developers like Mani Group, Rungta Group, Pasari Group, Ruia Group, and Avani Group among others are coming up with 2, 3 and 4 BHK units in their projects.
Ballygunge has seen some sort of downfall in rental market. With an advanced location rank and completely new projects within the vicinity, Ballygunge has become one of the favourite place for home buyers.