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Thursday, September 27, 2012

Residential Destination in Kolkata: Garia

Residential Real Estate in Kolkata is emerging with new localities adding to the list of properties for sale. With high demand of residential realty, even the resale flats in Kolkata are getting attracted. One of the localities in the city homebuyers are eyeing is Garia. This growing South Kolkata locality is attracting homebuyers and realty investors. 

The residential property rates of Garia are low as compared to other areas of Kolkata. This locality mostly comprises of apartments. Moreover, most of the apartments are not high-rise and mostly have sixth or seventh floors. Well-known city based builders are launching new housing projects in this locality. Some prominent names are Millennium Group, Roy Constructions, Taurus and Jeet Constructions. 

Infrastructural developments in the locality are a chief reason for buyers to put money here. Another reason for realty buyers to buy properties in Garia in Kolkata is the good connectivity it offers to other parts of the city. This small locality at the outskirts of Kolkata is gaining popularity. 

Reasons for Buying Properties in Kolkata’s Garia 

  •  Low Property Prices
  • Infrastructural Development on a large scale
  •  Good Communication and Easy Accessibility

The adjoining localities of Garia such as Jadavpur, Nagatala and Nayabad have long being established. These residential areas offer modern designed high-rise apartments. Buildings with 15-22 floors are common here. There is also growing market of resale flats in Kolkata in the above-mentioned localities. Prices of these residential areas whether for new properties or resale flats are much higher than in Garia. 

Prevailing rates of flats in Kolkata in the Garia area varies and usually ranges between Rs 3500-4200 per sq ft. For the same size of apartments in Jadavpur, the buyer will have to Rs 1000-2000 per sq ft more. 

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