Real Estate Investment Destinations Of Kolkata..!

by Mr.Surekha BihaniSurekha Bihani, JLL India

Mahesbathan is at a location between Salt Lake Sector V & New Town. It enjoys the same connectivity features as Rajarhat. This location is coming up in a good way in recent past due its locational advantage.

Present Scenario..

Residential..

The average capital values & rental values Maheshbathan are Rs. 4,100 to Rs.  5,000 per square feet.

Surekha BihaniSurekha Bihani,
JLL India

EM Bypass- Park Circus Connector

EM Bypass &  Park Circus Connector have good connectivity to not only the CBD ( Central Business District) but also the PBDs (Peripheral Business Districts) of the city. Currently, work on metro railway is in progress which can provide better connectivity to the airport.

In addition, work on flyovers and widening of EM Bypass are under progress, with the BRTS system ready to be implemented in the near future. A lot of good commercial and residential projects are coming up in this area.

Present Scenario

Commercial..

The average capital values for commercial spaces are in the range of Rs. 9,000 to Rs. 11,000 per square feet and rents are within the range of Rs. 70 to Rs. 80 per square feet per month. We expect the rents to increase by nearly 25 % by the next 5 years.

Residential..

The average capital values & rental values in this area. The capital values are Rs. 6,500 to  Rs.11,000 per square feet and the rental values would be Rs. 20,000 to Rs. 30,000 per month for a 2 BHK Flat (1,000 square feet).

About the author..

Mr. Surekha BihaniSurekha Bihani is  Head – Transactions (Kolkata) at Jones Lang LaSalle India

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