Kolkata Monthly Real Estate Monitor May 2017 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Sunday, June 04, 2017

Kolkata Monthly Real Estate Monitor May 2017



Kolkata Monthly Real Estate Monitor May 2017

DATA ANALYSIS FOR THE MONTH OF APRIL 2017
From JLL India

RESIDENTIAL

The number of enquiries from end users and investors have experienced a visible increase. Demand from end usersboth in the primary and secondary residential market has been steady. The only launch in the residential sector in this quarter is:

Windflower on SodepurRoad



Key Precincts
Rent (INR per month for a 1,000 sq ft 2BHK apartment)
Capital Value(INR per sq ft)
Alipore
-
15,000-23,000
Prince Anwar Shah Road
20,000-35,000
6,000-12,000
EM Bypass (Topsia)
25,000-35,000
6,000-10,000
Lake Town
10,000-16,000
4,000-7,500
New Town (AA-I, II & III)
18,000-30,000
3,500-6,000
Rajarhat
7,000-14,000
2,500-4,500
Behala
7,000-14,000
3,000-5,500

Thefirst‘Wayfinding’signagehasbeenputupatNewTownActionAreaIIIfortheconvenienceofcommuters.Moresuchsignagewhichmentionstreetno.,amapofthespotandanestimatedtimetoreachaparticularspotwillgraduallybesetupinotherpartsofNewTownalongwithSector

 Office

Office sectorcontinued to witness steady demand from end users for medium to small sized spaces. Business centres and co-working spaces have been on constant demand over the last few quarters.

Major transaction in the office sector 

Amazon at ApeejayBusiness Park


Key Precincts
Rent (INR per sq ft per month)
Capital Value(INR per sq ft)
Park Street
90-100
13,000-20,000
Topsia
65-75
9,000-12,000
Kasba
70-75
8,000-11,000
Salt Lake Sector V
32-45
3,500-4,500
New Town and Rajarhat
30-40
3,200-4,100


Retail sector has witnessed healthy demand in the month of April                                 with retail spaces both in malls and high streets being in demand.

Some of the major transactions in this month were:

More at Baroda Road, Naihati

Fashion Big Bazar (Fbb) at Sector V, Salt Lake

Bhajanlal Commercials at Acropolis Mall


Key Precincts
Rent (INR per sq ft per month)
Capital Value(INR per sq ft)
Elgin Road
300-350
24,000-28,000
Park Street (high street)
325-375
25,000-31,000
Prince Anwar Shah Road
150-200
15,000-18,000
Salt Lake
185-225
15,000-20,000
New Town and Rajarhat
60-80
6,500-8,000
Gariahat (high street)
200-250
16,000-22,000


Kolkata Monthly Real Estate Monitor May 2017 Reviewed by S. Chitra on June 04, 2017 Rating: 5 Kolkata Monthly Real Estate Monitor May 2017 DATA ANALYSIS FOR THE MONTH OF APRIL 2017 From JLL India RESIDENTIAL The num...

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