Kolkata

An upsurge can be seen in the residential property value of Kolkata. The demand of residential property is primarily in relative to apartments and townships. Due to massive congestion of the main city, now people prefer suburbs for their residential requirements. Like Rajarhat and eastern metropolitan bypass are the prime and the most preferred destination by the people, making them highly active real estate areas.

There is also a bi-polar development scenario in the western parts of Kolkata with the advent of Kolkata West International City. Other growth nodal areas are Pailan, Jadavpur, Garia and Behala. The areas promise to deliver good set up and sound connectivity.

There has been steady rise in the industrial property rates and demands. The capital and rental values of properties for industries witness an upward trend. There has been major development in industrial areas like Howrah, Haldi, Barrackpore Trunk Road, Taratala and many others.

High absorption ratio can be seen in the industrial property. Government imparts full support to the prospective customers for establishing new industries and for expanding their business avenues. As a result, the value of industrial property is also increasing all over Kolkata.

Like other metropolitan cities of India, Kolkata's commercial real estate is also boosted by IT, ITES and BPO sectors. In Kolkata, the new centre of commercial establishments property is primarily Salt Lake. Some of the renowned companies in Salt Lake are Technopolis, TechnoIndia, Syntech, Mira Towers, etc. They are followed by other existing and new corporates. This has aggravated the value of commercial property in Kolkata.

The steady growth in the retail market and development of mall culture also continues to boost the commercial property of Kolkata. State government also proposes to set up Special Economic Zones (SEZs) at various parts of the city. This also plays a vital role in the valuation of the commercial property. The vacancy has sharply reduced and high absorption rate can be seen in the commercial property.