is known as a theatre that displays the festival of human existence, culture, art and love. Regarded as Indias intellectual and cultural epicenter, the former capital of British India, Kolkata
is a mix of colonial-era architecture with urban slums and dynamic new-town suburbs with their air-conditioned shopping malls. The City of Joy, lies on the east bank of River Hooghly
and is the biggest cultural, commercial and educational hub in eastern India. Kolkata
Port is the oldest operating port in the country. Kolkata
has witnessed a rapid transformation with steady infrastructural and economic progress. This has naturally boosted the Kolkata
real estate market in the city.
Real estate in Kolkata
witnessed a transformation after property prices touched new heights in South and Central Kolkata
and its suburbs including Narendrapur
are the new growth centres for properties in Kolkata
, New Alipore
, Lansdowne, Gariahat
Park are some of the costliest realty destinations in the country in tandem with Park Street
and Camac Street
, which are major retail and office hubs.
Municipal Corporation (KMC) governs the city in terms of civic duties, infrastructure, water, sanitation, public health and other responsibilities. It is headed by the mayor. The property tax in Kolkata
is levied by KMC. Development of the Metropolitan
areas of the city are taken care of by Kolkata Metropolitan
Development Authority (KMDA). KMDA is responsible for the statutory planning and development of greater Kolkata
Port Trust, an agency of the central government, manages the city'sriver port.
The city is also home to the Calcutta High Court, Indias oldest high court. The State Legislature of West Bengal is located in Kolkata
along with the state secretariat, which is housed in the Writers Building.
has a robust public transportation network and the Kolkata
Suburban Railway network is a major lifeline. The railway network connects the city to almost all suburbs. There are several buses operated by governmental agencies while Calcutta Tramways Company has its own tram network. Bus services are offered by South Bengal State Transport Corporation, Calcutta State Transport Corporation, North Bengal State Transport Corporation and others. Major terminuses are located at Babughat, Esplanade, and Karunamoyee
. Overall, having properties in Kolkata
are less likely to face a communication problem.
parts of NH-34 and Golden Quadrilateral start from the city. Netaji Subhas Chandra Bose International Airport
lies approximately 16 kilometres east of the city centre. Ferry, railway and road connectivity is available for accessing Howrah
, Kolkatas neighboring and sister city. Several flyovers have been built all over the city including Parama Island project and hence, proving a strong support for the Kolkata
Homes and Living
The key localities in Kolkata
, EM Bypass
, New Town
, and Jessore Road
. Also, Naktala
are highly in demand along with Tollygunge
and Anwar Shah Road
. Rajarhat New Town
is proving to be the next big satellite township in Kolkata
real estate market after Salt Lake, which is saturated at present. Multiple residential and commercial projects are being launched in Rajarhat New Town
and it is witnessing high demand for properties in Kolkata
is witnessing major redevelopment of old houses in areas such as Bowbazar, Shyambazar, Bagbazar
Demand for property is huge in areas like Lake Town
and other locations closer to the Airport
. BT Road
are suburban areas which have witnessed huge demand in recent times.
According to 2011 census, the population of the city was close to 4.5 million. The literacy rate in Kolkata
is 88.33 per cent. The sex ratio of Kolkata
is 928 women over 1,000 men while child sex ratio stands at 946 women over 1,000 men. Bengali people form the majority of Kolkata
'spopulation; Marwaris and Biharis compose large minorities. Among Kolkata
'ssmaller communities are Tamils, Nepalis, Oriyas, Chinese, Tibetans, Maharashtrians, Punjabis, Parsis, etc. And, this very cosmopolitan nature of the city greatly affects Kolkata
real estate scene.
Industry and Employment Kolkata
is the biggest economy in eastern India. Kolkata
is a major hub for IT, ITeS and BPO sectors. The city is home to major companies such as TCS, Wipro, Cognizant Technology Solutions, IBM, Accenture and many more. Kolkata
is one of the biggest software exporters in the country. Salt Lake City
is the IT hub of Kolkata
. And, with a growing software population Kolkata
real estate market is seeing a huge demand. Kolkata
hosts the headquarters of three major public-sector banks: Allahabad
Bank, UCO Bank, and United Bank of India.
The city is also home to leading multinationals including Tata Steel, Apeejay Group, ITC Limited and many more. The Tea Board of India and the Ordnance Factories Board of the Ministry of Defence are also headquartered in the city.
The government is a major employer in the city. Trade, finance, commerce, manufacturing, retail, entertainment, media, films, agri-businesses, FMCG, electronics and small scale businesses are major growth drivers of the citys economy. The city also has a burgeoning hospitality sector and construction, infrastructure and engineering are other key business sectors here.
has a dynamic lifestyle of its own and is regarded as an educational hub with numerous reputed institutions and research centres present here. The city is dotted with shopping malls and complexes including South City Mall, Forum Mall, Quest, Acropolis, City Centre I and II and famous shopping hubs like New Market
, Esplanade, Burrabazar
, Fancy Market, Vardaan Market and many more. Kolkata
is home to some of eastern Indias best lounges, pubs, bars, nightclubs, five star hotels, restaurants, eateries and cafes. The city offers everything under the sun from traditional Bengali to Continental, Japanese, Chinese, Mexican, American, Spanish and Thai cuisine among others. The city offers multiple recreational and amusement destinations including Nicco Park, Wet O Wild, Birla Planetarium, Zoo, National Library, Indian Museum, Victoria Memorial
, Race Course, Swabhumi and many more.
There are numerous multiplexes and movie theatres in the city along with several resorts on its outskirts. The city is also home to famous clubs like Calcutta Club, Tollygunge
Club and CC&FC. The city boasts of a dynamic sporting culture involving cricket, football, tennis, golf, horse riding, polo, table tennis, rugby and athletics. The city has innumerable cultural and arts centres including Nandan.
The city hosts multiple concerts, performances and events throughout the year including Book Fair and Kolkata
Literary Meet. Art, culture, classical dance, music, painting and other creativity finds pride of place and adequate patronage in Kolkata