June 13, 2014

About Locality & Projects of Rajarhat, Kolkata

Projects of Rajarhat, Kolkata
Rajarhat, New Town is among the real estate up-markets in Kolkata owing to international standard infrastructural facilities and easy connectivity with close areas. It is located in North-East of Kolkata. Major neighboring localities of Rajarhat, New Town are Dum Dum, Salt Lake City, Jassore Road, etc. It has proximity to Netaji Subhash Chandra Bose International Airport and the IT hub in Sector-5. These are some of the factors that have improved robust real estate development in this region.

The capital value of residential apartments in Rajarhat, New Town ranges from Rs. 2,800 to Rs. 3,500 per sq ft. This area is also recognized for excellent commercial development like shopping centers, malls, office space, to name a few. Buying property in Rajarhat, New Town is more affordable than other posh areas in Kolkata like Prince Anwar Shah Road, Ballygunge Cir. Road, Salt Lake, Alipore, and Loudon Street.

Easy connectivity with surrounded areas, affordable prices of properties, improved infrastructure, and commercial development are counted among the key growth drivers for real estate market in this region. Seeing the bright future for real estate business in Rajarhat, New Town; many realty players have launched their projects. Some of them are New Town Heights by DLF, Dream Palazzo by Jain Group, Siddha Pine Woods and Siddha Town by Siddha Group, Green Heights by Loharuka Group, and many others.

Connectivity of the Locality

Rajarhat, New Town is three times bigger than Salt Lake and quite vastly spread. Despite a developing township, the area has an excellent roads and developed infrastructure. It is easily accessible from Netaji Subhash Chandra Bose International Airport within 15-20 minutes. New town connects the close areas through Major Arterial Road. This road is linked to the Kazi Nazrul Islam Sarani (KNIS), which was earlier known as V.I.P. Road. New Town is 1 Km from the Netaji Subhash Chandra Bose International Airport, 5 Km from Salt Lake City, and 10 Km from the CBD in Kolkata.

Moreover, a flyover near the Food Plaza at Kaikhali connects 10 lanes Major Arterial Road. The IT hub of New Town, Salt Lake’s Sector-V is connected by a 6 lanes bridge over Kestopur Canal. Excellent road connectivity in this area gives accessibility to important places like Ultadanga, Manitala, North Dum Dum, South Dum Dum, and Lake Town.

Also, there is a local bus stand from where plenty of buses ply, connecting to different parts of South Kolkata. An International bus stand is soon to be developed in New Town. Buses to Bangladesh, North Bengal, and other parts of Bengal will be plying from this proposed bus stand. Metro rail station located at Salt Lake, sector 5 is only 7 Km. Besides it, nearest railway station is located at Sealdah with 15 Km distance from Rajarhat, New Town.

Property availability chart of Rajarhat, Kolkata

Availability of Residential Units as per Unit Type

Supply of 3 BHK apartments in Rajarhat is 63% of the total supply. Whereas, there is 27% supply of 2 BHK apartments. Supply of more than 3 BHK apartments is 8% and 2% of 1 BHK apartments.

Availability of Residential Units as per area

Apartments covering 1000-1500 square feet area have 57% property availability and less than 1000 square feet have 18% property availability in Rajarhat. While, there is 12% property availability of apartments that cover 1500-2000 square feet. Flats spread over more than 2000 square feet have lesser 13% availability that includes 13% onlyof the property.
Availability of Residential Units as per budget

Above graph gives the authentic information regarding property availability according to the budget of home buyers. Availability of properties ranging between Rs. 20 to 50 lac is 48%. Apartments between the ranges of Rs. 50 lac to 100 lac have 24% units. Whereas, there are 3% flats that range from Rs. 10 to 20 lac. In addition, flats less than Rs. 10 lac have only 23% availability.

Price Trend in Rajarhat

2011 (Price range)
Q-Q change

Size of Project
Jain Group
Dream Excellency
2 BHK, 3 BHK
Jain Group
Dream Residency Manor
Rosedale Developers Pvt Ltd
Rosedale Garden Complex
1 BHK, 2 BHK, 3 BHK, 4 BHK
Ideal Group
Ideal Enclave
2 BHK, 3 BHK, 4 BHK
Rameswara Group
Rameswara Waterview
2 BHK, 3 BHK
SGIL Group
SGIL Orchid
2 BHK, 3 BHK
Siddha Reality
Siddha Town
1 BHK, 2 BHK, 3 BHK
Shreshta Construction Pvt Ltd
Shreshta Garden
1 BHK, 2 BHK, 3 BHK
Sureka Properties Pvt Ltd
Sunrise Greens
3 BHK, 4 BHK
Sureka Properties Pvt Ltd
Sunrise Symphony
3 BHK, 4 BHK
Ideal Group
Ideal Abasan
2 BHK, 3 BHK

Major Commercial /Industrial Establishments

Mani Group
Mani Casadona
Under Construction
Mani Group
Mani Twins
Under Construction
Bengal Shrachi Group
Synthesis Business Park
Ready for fit out
Unitech Ltd
Unitech Infospace
Under Construction
Godrej Properties
Godrej Waterside
DLF IT Tower

RNE Rajarhat- Real Estate Profiling – Neighbourhood Info

Bhoomi, Flying Saucer, Hot Spot, KFC, Mahek-e-Punjab, Pizza Hut, Yagna
INOX, Bioscope
Devaki Memorial Secondary School, DPS , Intergrated Public School,
Future University, Regency Institute Of Management Studies

Axis Mall, City Centre Mall 2
Tata Medical Center,
Apex General Hospital,  Lilabati General Hospital