Kolkata setting new real estate standards

Kolkata, the 'City of Joy' and capital state ofand commercial properties is on the rise in the
West Bengal is supposed to be one of the mostupcoming areas of Salt Lake, Garia-Narendrapur,
inexpensive cities in India. But now the scene isBehala-Joka, Rajarhat, and Howrah.
completely different as the Kolkata real estateWith many a multinational companies making their
sector has taken a big leap in the past few years.way to the city, many reputed builders are
Currently, real estate market in Kolkata seems islooking forward to setting up residential and
at its lucrative best and growing at a fast pace.commercial projects here. Majority of the demand
The city has bagged around Rs25, 000 crore infor property in Kolkata is attributed to the foray
real estate only in the past two years. With aof domestic and international retail chains. Most
burgeoning demand for both, commercial as wellknown real estate developers are willing to invest
as residential property, Kolkata's real estate isand create mammoth townships and projects
once again coming back to its old lively mode.that would completely meet the international
Real estate prices in Kolkata are far more rationalstandards thereby luring international players to
as compared to other metros like Mumbai, Delhi,come and invest in Kolkata.
Bangalore or Hyderabad. However, the growthWith all these factors contributing to the growth in
has not affected the property prices as they arereal estate market in Kolkata, it certainly will see a
still on the lower side in the city. Park Street,tremendous rise in demand for office spaces in
Belvedere, Ballygunge and Southern Avenue arethe coming future. Log on and find out more
some of the prime areas of Kolkata and whereabout Kolkata properties and real estate, visit
the property prices are quite steep as comparedIndia's No.
to the other areas. The demand for residential