REAL ESTATE BOOM in Kolkata

Kolkata is truly seeing an upswing as far as development goes. Industry is being wooed into the state, IT is entrenched quite firmly now and only growing and with all of this housing is the need of the hour. With the influx of huge business houses and the standard of living moving upwards, the people of Kolkata are also looking at new age homes and are opening up to western lifestyle.

With this boom, real estate is suddenly exploding in terms of the new projects and new areas being developed. When I left Kolkata 12 years back, Salt Lake was far out. Today it's part of the city and the Eastern Metropolitian Bypass, is now the hotbed of the real estate Boom. With two five star hotels, The ITC Sonar Bangla and the Hyatt on this road and several High Rise Apartment buildings already being occupied, EM Bypass is no longer a bypass, but a main thoroughfare connection "old Calcutta" to 'NEW TOWN - Rajarhat". Property rates as I found out are dashing skywards, the same way the buildings are, on a weekly basis.

On Sunday I headed to Rajarhat and was impressed by the Bengal Unitech's site office. if this was the sight of things to come, living here was going to be great. Two projects already sold and the third being offered at Rs. 2750/- per sq. ft. was steep, but then that's what one pays for luxury. From there I headed to KOLKATA WEST INTERNATIONAL CITY located about 10 Km from the Vidyasagar Setu. Wow this was truly something way beyond what i had expected. The huge gates seemed like I was entering some ancient Roman City. Thereafter I went about on a recce of all the various bungalows that were available, from 2 bedrooms upto 4 bedrooms and priced from Rs. 19 lacs upto Rs. 86 Lacs. Man this is going to be the place to live in 5 years hence, if they live upto the promise of what is being shown as the 400 acres mini city.