While Kolkata’s real estate market is witnessing a fast-paced transformation, the Newtown area in Kolkata is increasingly becoming one of the most favourite destinations for builders. The area has also witnessed some major realty developments over the past few years and also features a well-planned township. Starting from luxurious villas to budget-friendly flats, a wide range of housing options are available in Newtown, Kolkata. It is one area in Kolkata which has successfully attracted many homebuyers from the city as well as overseas.
The New Town area in Kolkata offers a list of advantages for its property buyers –
Connectivity Advantage– Newtown is closely located to two of the major roads – EM Bypass and VIP Road. These two roads effectively connect Newtown to other parts of Kolkata with a smooth traffic movement. Apart from this, Newtown is also nearly located to Kolkata Airport (Netaji Subhash Chandra Bose International Airport). Flats in New Town Kolkata gets the advantage of well-connected roads.
Infrastructural Advantage– The planned township of Newtown is one of the major reasons why the flats in New Town has huge demand and also an attractive deal for investors. Along with high-budget and budget-friendly residential complexes, the New Town area features several commercial/office properties, business parks, convention centres, etc. Newtown also features several reputed educational institutes such as Presidency University (Newtown campus), Techno International, Amity University and many more. Tata Medical Centre, a reputed cancer research organization is also located in New Town. Newtown is also considered one of the best spots for shopping lovers as the area houses City Centre II, Central Mall, Axis Mall, DLF Galleria and Eco Park. Novotel, Westin, Farfield, Holiday Inn, etc. some of the most luxurious hotels in Kolkata are also present in Newtown.
Work-life balance– New Town is the home to several multinational companies. Some of the top multinational companies located in New Town and Sector V (located near Newtown) are Wipro, IBM, TCS, Capgemini, Tech Mahindra, HCL Technologies, etc. The presence of various office ensures a work life balance and job prospects for the locals. This is one of the primary reasons why flats in New Town Kolkata has attracted so many property buyers from the city as well as from overseas.
With all the above mentioned advantages, flats in New Town Kolkata are witnessing a surge in its demand and there has also been a high level of investment happening in that area. Be it educational institutes, medical facilities, road connectivity, metro connectivity or shopping malls, New Town houses them all.
New Town offers a wide gamut of flats from numerous developers and apart from the present infrastructure, there are several other developments projects ongoing in New Town, contributing to the interest of the potential buyers.