Why Rajarhat, Newtown is becoming the hot favourite location for home buyers?

Real estate projects in Newtown, Rajarhat have increased drastically in the past few years. Post demonetization and GST, the property market is reviving fast and gained much more momentum recently. Newtown is transforming fast and as a result, home-buyers and real estate investors are looking for properties to invest in here. It can be assumed that the newly developed IT hubs are the reason for such a boom in the real estate market in this area.

Modern home buyers, generally in the age group of the late 20s or early 30s want to live in a place from where their workplace is close, necessities of life are available nearby and also they don’t have to go far for entertainment options. That’s why demand for residential property near Salt lake, Kolkata and Newtown is increasing. Newtown is the planned city which is consisted of residential, corporate and industrial hubs. The modernistic and futuristic cityscape of Newtown might be the reason for increasing density of high rises and IT parks in this area.

  1. Easy Connectivity:

Newtown offers excellent connectivity to important parts of Kolkata through two major roads – EM Bypass & VIP Road. These two roads are allowing fast and smooth traffic movement from Newtown to other parts of the city. Netaji Subhash Chandra Bose International Airport is just about a few minutes’ drive from here which is very suitable for busy professionals and general buyers. The upcoming Airport-New Garia metro corridor will surely open new horizons of connectivity to the southern end of Kolkata. Sealdah railway station is situated at a distance of 12km through VIP road.

The increasing popularity is also fueling the availability of public transports including AC bus services, auto rickshaws etc.

  1. Infrastructural developments:

State Government has announced Rajarhat NewTown as ‘Silicon Valley Hub’ and real estate value of this locality is soaring up due to increasing IT growth. Saltlake sector V and Newtown central business districts are home for many multinational companies. Presence of offices ensures job prospects and this is attracting working professionals to migrate in this locality. These professionals often look for 2 BHK flats for sale in Newtown Kolkata. State-of-the-art commercial properties, business parks, convention centres, clubs, high-rises and mini sub-townships are attracting more investors here. It is considered to be the ‘smart city’ with the inclusion of power-saving LED street lights with panic buttons, solar panels, multi-nodal transport hub, e-health clinics, water treatment plants, cultural centers, modern art house etc which are also fueling the housing demand of modern buyers who want to live a hassle-free life.

  1. Necessities and emergency responses:

Finding a good neighbourhood with all the basic necessities of life is generally the primary concern for the buyers. The presence of best hospitals, healthcare facilities, banks, schools and universities in a locality is surely the best perks of owning a home there. To make it an educational hub, Government has created a land bank of 150 acres for 30 premium institutes to set up their campuses in different parts of the township. Local markets, commercial and retail outlets are present to fulfill the everyday needs of the residents. Endless shopping opportunities in nearby malls, a lazy stroll in 470 acre Eco Park, spending fun times at Nicco Park or a great movie experience in multiplexes – with the innumerable recreational options in Newtown, you’ll hardly have a dull day!

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