When IT professionals, Pratul and Seema Barik were planning to shift base¬†from Chennai to Kolkata, they were looking for a south Kolkata locality that could give them quality lifestyle at an affordable price. When a friend suggested Kamalgazi off Garia, they weren‚Äôt quite sure. But, after a week of research and talking to some relatives, they were convinced Kamalgazi was a good option.
Fast forward to 2017 and the couple is a proud owner of a 2 BHK flat in a plush high-rise in Kamalgazi. Sitting by the window and enjoying a view of the neon-lit city from their 10th-floor apartment, Seema recounts how some of her colleagues had made a light joke of the location when she told them she lived near Garia. ‚ÄúOh, you bought a flat in that gram ( a village in Bengali)!‚ÄĚ ‚ÄĒ they said. However, they had to quickly change their opinion once she invited them over to her place. ‚ÄúWe couldn‚Äôt have made a better decision‚ÄĚ, smiles Pratul.
Just a decade back, Kamalgazi was just another South Kolkata suburb. But today, it‚Äôs one of the city‚Äôs most promising residential area, witnessing increased real estate activity boosted by improved connectivity, numerous upcoming infrastructure developments, and the availability of affordable luxury homes.
Residential options in emerging south Kolkata localities like Kamalgazi are now the most preferred investment destination for end users and developers alike. And it‚Äôs not just about living options. The varied configuration of the living units, the amenities that they are bringing in, and the elastic price band for residential projects ranging from affordable to semi-luxury and super luxury are also significant drivers luring in prospective home buyers from diverse fields.
The average capital value of residential apartments in this part of the city is still poised at an attractive price point of Rs.3,800 to 5,300 per sq. ft. Availability of apartments, as well as ongoing residential projects, which are continuously adding to the housing stock, s keeping the price range stable and affordable.
Sustainable Development is Keeping the Real Estate Sector Booming in Kamalgazi
Kamalgazi, for obvious reasons, has emerged as one of the most sought after residential localities in South Kolkata today. Fast-paced infrastructural developments, top-class connectivity, along with affordable luxury is making this locality a ‚Äėmuch-in-demand‚Äô hot spot for home buyers, developers, and investors.
Existing and proposed large-scale infrastructural projects are triggering the real estate boom in this suburban locality. The connectivity of this locality is amplified by the metro, which already has two stations within close vicinity. In addition, the ongoing work process to expand Eastern Metropolitan (EM) bypass to an eight-lane expressway, the Garia-Airport metro link, and the upcoming Kolkata Bus Rapid Transit System (BRTS) will further enhance the appeal of Garia sector, which includes Kamalgazi.
Strategic Location is a Plus for Kamalgazi
Kamalgazi is conveniently located and the road, Metro and train communication is closely accessible. Auto rickshaws ply in large numbers along various routes and it‚Äôs a matter of few minutes to reach the train station, the Metro at Kabi Nazrul or Shahid Khudiram, and the Garia bus terminus. General and AC buses ply in different routes including BBD Bag, Howrah, Sector V in Salt Lake and Barasat (Airport on the way) from Garia.
Garia, already considered as one of the fastest growing areas in southern Kolkata, perfectly blends the suburban feel with high-class lifestyle features. The locality, slightly away from the hustle and bustle of the city center, offers classy amenities to its populace. Multi-storey apartment complexes in this area of the city are riding the demand surge facilitated by improved connectivity, forthcoming infrastructure developments, and availability of necessary amenities at stone throwing distances.
Educational institutions like G.D.Birla, B.D.Memorial, A.G. Church, Future Foundation and Narendrapur Ramakrishna Mission School are close at hand from Kamalgazi. Multi-facility hospitals such as ¬†AMRI, Peerless, Medica, Welkin, Neotia Mediplus, Lifeline and Apollo Clinic, Hindustan Health Point are easily accessible from Kamalgazi. Big Bazar on EM Bypass and Gangulybagan, Spencer‚Äôs Patuli and Chakgaria, Woodsquare Mall Narendrapur, Metropolis Mall on EM Bypass and other shopping arcades, swanky restaurants (there are quite a number of them), multiplexes, hangout zones, and large housing complexes ‚ÄĒ all come together to make Kamalgazi Garia belt a vibrant place to live in.
Flats at Kamalgazi are Still Relatively Affordable
The strategic advantage of Kamalgazi is what is drawing the attention of homebuyers towards this area. The prices of apartments are relatively affordable in this area. There are numerous apartments available for booking, and numerous under construction projects in this area at different stages of completion. The diverse price range of these projects is attracting both end-users and investors. The demand is mainly from information technology professionals, non-resident Indians, returning Bengalis from other states of the country, and even people in the suburban or rural areas willing to shift to an urban lifestyle.
Kamalgazi Garia area presents a vibrant mix of affordable housing, high-end luxury apartments, and super-luxury condos at lucrative prices starting from Rs.3,800¬† per sq. ft. With so much more to come up, the locality is increasingly becoming an irresistible proposition for mid-to-long-term property investments.