Residential Market Scenario of North Kolkata

Kolkata, the city of joy is witnessing an upward trend in its realty market as the city has plenty of suitably priced residential complexes to offer. This trend has favored the realty market of the city thereby, making it lucrative for both the developers and buyers. The affordability in the town has driven the sales of existing housing units and led to the development of new residential as well as commercial projects.

The progress in city's realty industry is due to some of the remarkable initiatives by the state government, effects of which can be safely observed from 99acres Kolkata Insite Report April-June 2015.

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 According to the report, the business-friendly policy of the state government has positively impacted city's residential market. Additionally, new projects by leading developers coupled with investments by IT firms has led to a two percent growth in city's realty market.

The theme based township policy has attracted many developers to come up with more residential projects. Improvements in the office space has also boosted the residential market.

Foreign Direct investments in the residential projects will also cast a positive shade on the market and will result in construction of extraordinary residential units. Last but not the least, relaxation of the norms regarding the floor area ratio for eco-friendly residential projects has placed both developers and buyers in an opportune position.

This progress has encouraged the developers to scout for land parcels to launch their ambitious projects and fulfill the growing demand. Chitpur, a prime residential locality in the northern zone of the city has recently witnessed an enormous amount of construction activities in the residential space. The development owing to the factors mentioned above has been able to meet the needs of potential buyers who are looking to invest in the affordable housing units of the city. Therefore, unison of factors like connectivity, good infrastructure and initiatives by state government has made this locality an ideal place to invest and a preferable place to reside in.

Following are the newly launched projects in Chitpur and its nearby localities.

RESIDENTIAL PROPERTIES IN NORTH KOLKATA

Avani Cosmo City, a newly launched residential project by Avani Group Builders is located in Chitpur, Kolkata North. The project offers beautiful crafted and opulent spacing 2-3 BHK apartments which are in proximity to essential civic utilities and other parts of the city. The project is well versed with modern facilities and world class amenities including kids play area, lush green landscape, paved compound, open space, firefighting equipment, power back up, 24 hour water supply, car parking and many more. The possession of the project has been started by the group.

CGEWHO Housing Scheme Greater Noida 2015 with 2130 Flats

GPS Meena Heritage, a newly launched residential cum commercial project by GPS Group is located in Agarpara, North Kolkata. The project offers well designed and spacious living and commercial spaces which are in proximity to market area, hospitals, schools, colleges and other modern day conveniences. The project promises to offer modern facilities and ultra-modern amenities including lush green landscape, paved compound, open space, power back up, 24 hour water supply, car parking. The possession of the project has been started by the group.