
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.