Realty Demand Increases in Kolkata’s Southern Fringes
Real estate demand has gradually increased in Southern Kolkata over the last decade or two and has now spilled into the fringes due to more affordable prices, higher availability of space, newer projects, and connectivity improvements. Places like Joka and Thakur Pukur are some of the biggest beneficiaries of the metro boom while Sonarpur, Narendrapur, Pailan, Kamalgazi, Bishnupur, and others have also benefited considerably.
A lot of the buzz is now centered on Maheshtala and Budge Budge. Demand has skyrocketed for flats for sale in Maheshtala and Budge Budge due to a combination of the factors mentioned above. Industry experts also feel that the trend is set to continue over the next decade.
Upcoming Infrastructural Development Set to Transform Maheshtala and Budge Budge
Demand for flats in Budge Budge and Maheshtala will soar even more in the near future due to several connectivity and infrastructural developments. Possibly the biggest such project will be the unlocking of premium Kolkata port land. The authorities of the Syama Prasad Mookerjee Port (SMP) have already started the procedure and an expression of interest (EOI) has already been floated in this case. This covers the development of luxury resorts along with premium hotels and other recreational centers throughout three prime areas along the Hooghly River. The plots of land are situated at Moyapur, Budge Budge and Noorpur-Hooghly Point in South 24 Parganas. There will be luxury hotels and resorts that will boost the hospitality sector in the area along with multiplexes and shopping malls in tandem with branded restaurants or eateries.
The site at Moyapur is situated strategically between Birlapur and Achipur in Budge Budge and encompasses around 20.4 acres. It is just 25 kilometres towards the southwest from Taratala. The site is also well connected by the Budge Budge Trunk Road and covers around 500 metres of prime riverfront. There are still four magazines to the western side of this proposed site with two pillboxes or guardhouses on the south and another such magazine on the north. The second site covers 3.1 acres and is located at Noorpur between Diamond Harbour and Falta. It is also just 48 kilometres away from Taratala and is linked through the Noorpur Road and Diamond Harbour Road. The site also covers a large part of the riverfront and an upscale hotel development has been proposed here.
The third site is located at Budge Budge which is only 15 kilometres away from Taratala and covers 5 acres in total. It will transform into a major recreational hub for those living in Maheshtala and Budge Budge. This site covers 250 metres of the riverfront and will eventually have a major retail hub along with a hotel and Cineplex. Other upcoming developments include banquets, cafes, and restaurants. This key development will reshape the entire real estate dynamics of the Budge Budge and Maheshtala residential stretch.
Why Investing in Maheshtala-Budge Budge is a Great Proposition
Along with the above-mentioned development, there are several other reasons to consider investing in flats for sale in Maheshtala and Budge Budge. The latter is well connected to Taratala while Maheshtala is well linked to Behala and several other parts of Kolkata. This naturally makes it convenient for those residing in these areas to easily reach their workplaces and other destinations in the city. Affordable property prices also make for a compelling proposition for buyers. The prices are currently reasonable in comparison to several other parts of the city although they will appreciate considerably in the near future with several infrastructural and connectivity projects.
Hence, it makes sense to invest now in order to take advantage of the lower property prices and reap the benefits of capital appreciation in the future. The Budge Budge Trunk Road is fast becoming a major residential real estate hub in this stretch and offers good connectivity to several leading educational institutions and healthcare facilities. Batanagar, on the other hand, lies in Maheshtala and is also becoming another hotbed for real estate investments. It is linked to the Tollygunge railway station and also the Sealdah-Budge Budge network. There are several residential complexes that have come up in this stretch, offering several high-end amenities to residents.
To sum up, the southern fringes of Kolkata have been picking up swiftly in terms of property investments in recent years. The trend should continue in future years with more residential projects being developed in these areas and infrastructural and connectivity improvements being made gradually. Price appreciation has been healthy in areas like Maheshtala and Budge Budge and they make for great options for homebuyers and families in the current scenario.