Extreme South Kolkata Localities Riding the Metro Wave

South Kolkata is one of the most peaceful areas to live in. Moreover, it enjoys good connectivity with the rest of the city through the EM Bypass and the functional metro railway till New Garia. The upcoming project which is set to connect Dum Dum with New Garia directly shall be benefitting a number of realty markets including that of Madurdaha. The metro station in Madurdaha is soon going to become operational which has increased expectations of Madurdaha. Even though the market is quite steady now, participants of the market expect it to leap in future. Apartments available here are mostly priced between Rs 30 lakhs and Rs 50 lakhs and most of it is in 2BHK style. If you have this budget, then you will surely get your dream home that has the necessary social infrastructure.

Even a couple of years ago there were no developments in Madurdaha. However, newer roads have been constructed and projects for creating a new township have started. However, the rental market has no takers almost in Madurdaha. Business men and service class people have invested in apartments here for end use. For now, the nearest metro station is the ShahidKhudiram Metro station which is situated towards the western side of EM Bypass much beyond Garia Station Road and Pranabananda Road. Madurdaha has good social infrastructure because of the availability of hospitals, schools, banks and other basic necessities.

The size of the 2BHK apartments in this area is around 750 sq. ft. to 1500 sq. ft. The price of such apartments is around Rs 28 lakhs to Rs 70 lakhs. For those wanting larger apartments, the prices would be a little more in the price bracket Rs 35 lakhs to Rs 75 lakhs. The sizes of these 3BHK apartments would be around 1000 sq. ft. to 1600 sq. ft. The price and size of apartments would vary based on the developer’s brand, quality of the facilities being offered and closeness to physical and social infrastructure. Those looking for 1BHK flat in Kolkata can also get some options in this area.

 However, two causes for concern in Madurdaha are sanitation conditions along with poor drainage. The drainage of the area has been completely neglected and many instances of dengue have been recorded in the area. The repair works of the drainage have begun already and builders are expecting it to be completed within 6 months. The roads of the area also require a facelift. A lot of buyers have realized the benefits of buying apartments in Madurdaha. However, to convince them fully, the roads of Madurdaha have to be refurbished well. Repair works of a lot of roads have begun already but more work has to be completed. Most builders however are hoping that return on their investment would be quite good.  With the drainage and roads being repaired, most people are hoping that the new township would take off in a big way.

Narendrapur is another area in South Kolkata which has experienced capital gains on a large scale. In the first quarter of 2014, Narendrapur showed an 8.46 percent gain which indicates that Narendrapur is a good investment option. Even a couple of years ago, Narendrapur did not have much real estate activity although over time it has become a destination which is sought after because of the growth of infrastructure. Because of the growth in infrastructure, the demand for housing has increased. Currently, there are around 15 different projects going on in Narendrapur. The extension of the EM Bypass is also under progress. Once the project is completed and the flyover made, Narendrapur shall be directly connected to the EM Bypass. This would lead to easy access of areas such as Sonarpur, Narendrapur and Baruipur and other areas towards the extreme south of Kolkata. The possibility of appreciation of capital values in the area is more than 20 percent and even though the market has been a little slow for election, construction has not been halted in any of the projects. Localities near the central business areas of Kolkata have reached their saturation point and many areas along the peripheries are gaining when it comes to strategic location and affordable price. Narendrapur is one of the areas that are gaining a lot.

Unlike some areas in Kolkata that are plagued by sewerage and drainage problems, Narendrapur does not have that problem. Whenever a new project comes up in the area, the municipal corporation is alerted. Many NRIs have also invested in Narendrapur although their numbers are minuscule compared to the numbers of local investors. In recent times, the investment made by end users have increased compared to investors.

Even though there are huge capital gains to reap, the market is an affordable one. For Rs 25 lakhs, you could buy a 3, 2 or 1 BHK flat in Kolkata Narendrapur in a locality which has good connectivity and lots of green area. The Shahid Khudiram Metro Railway Station is only 4 kilometres from here and close to the Dhalai Bridge of the EM Bypass road. There are a lot of options available in Narendrapur for those looking to buy flats within Rs 25 lakhs.

You can buy 1BHK flat in Kolkata Narendrapur which measures 400 sq. ft. to 550 sq. ft., 2BHK apartments from 550 sq. ft. to 800 sq. ft. and 3BHK apartments from 960 sq. ft. to 985 sq. ft. These apartments are all available within Rs 25 lakhs.

What could be an area of concern is that the numbers of enquiries coming in are more than the transactions that are happening. More numbers of people are investing in mutual funds than real estate. Most people are instead concentrating on affordable projects. Buyers are often lured with prospects of freebies such as music system or air conditioner and discounts, which is doing well in the local market. Because of the lower conversion rates, the market is expected to be stable and those looking to invest must do it now. If you want affordable properties but are reluctant to compromise on facilities then Narendrapur should be your best area for investment.