Property Development In New Town, Kolkata! What To Expect In 2022
Property Development In New Town, Kolkata! What To Expect In 2022
The housing development in Newtown has come a long way. Kolkata’s New Town is the new posh area and is full of vibrant and young vibes. Discover more about it.
Each commercial property agent in Salt Lake Kolkata considers New Town as a modern central business district of the city. Further retail and commercial development is predicted in New Town.
New Town comes under the supervision of the real estate development in Newtown agency, HIDCO. It stands for Housing Infrastructure Development Corporation and has four basic divisions. These have numberings from Action Area I to IV. Among all these classifications, Action Are I and II is the hotspot of central businesses.
Action Area III and IV are still under development. In 2022, one can witness massive changes in these isolating areas since HIDCO is planning to prepare a rapid transit system. This system will connect the region with Action Area I. Presently, there is a connection between the three operational areas by four arterial roads.
Talking about property development, you will find subtle property developer in Newtown. Currently, New Town consists of more than 200 under-construction projects and over 149 ready-to-move flats. DLF, Unitech, and Tata Housing are among the major real estate developers.
There are abundant options in terms of pricing and variety in New Town. You can easily get a 1BHK apartment in INR.15 lakhs which ultimately soars up to INR.50 lakhs. 2 BHK and 3 BHK flats are available for Rs. 20 and 25 lakhs respectively.
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