Envisioning a family home in the cultural capital of India is an overwhelming emotion. Whether you’re a working professional looking for a worthy place to settle down with your family or a parent planning a comfortable residence for the growing needs of adolescent children, buying a 4BHK flat in Kolkata can seem like a daunting experience. You have to consider the amenities, accessibility, and long-term viability of the property before making a financial commitment. In this blog, we will visit all these considerations and suggest some of the city’s most prominent residential projects help you make a buying decision.
Checklist for buying a 4 BHK flat in Kolkata
Before you start scouting for the perfect home on the streets of Kolkata, it’s important to have a checklist that helps you compare one property with another. We’ve enlisted some key decision-making criteria that can help you shortlist a good property.
Your budget and the needed space are the primary deciding factors in the house hunt process. Broadly, the cost of 4 BHK flat in Kolkata falls in the range of 1.7cr to 8.66 cr, which is a pretty wide variation when it comes to pricing in residential real estate.
Localities in the south and central Kolkata are considered premium and can range anywhere between 4 cr to 8 cr/ sq.ft while the 4BHK flats in North Kolkata are relatively more affordable, ranging from 90lakhs to 1.5 cr./sq.ft. Intuitively speaking, more spacious homes are more expensive. A spacious 4 BHK generally ranges between … to …. sq.ft while a premium 4 BHK with multiple balconies and terraces can range from … to …. sq. ft.
For example, a 1500 sq.ft 4BHK in Phoolbagan in North Kolkata can be purchased under 2cr, while a 10,000 sq.ft. 4BHK flat in Bhawanipur in Kolkata South will cost you upwards of 7cr.
Allocate a realistic budget with respect to the space you need before you begin your on-the-ground search.
Most new and upcoming residential projects are loaded with modern amenities for urban living. However, it’s nice to maintain a clear distinction between amenities that are absolute must-haves versus those that are nice to have.
While looking for a 4 BHK flat in Kolkata, recommended amenities to consider are well-staffed gymnasiums, a swimming pool, open green spaces and jogging tracks. Other popular amenities offered by developers include green building features like solar panels, electric car charging facility, spas, badminton and squash courts, banquets and recreation centers et cetera. Many luxury residences have esteemed food and beverage establishments within the complex to make it easy for residents to entertain guests. Pick and choose those important as per your family’s current lifestyle.
Buying a home is a long-term commitment, both in terms of time and money. Hence, you must consider everyday aspects of normal life that will be affected by your home relocation. Take into account distance from the airport, the railway station, everyday commute to the office, and kids’ school or college while comparing 4bhk flats in Kolkata.
A good neighborhood is made of several components. You need expansive playgrounds and green spaces to breathe in, along with good dispensaries and hospitals that service your routine health requirements. Many good localities feature shopping malls, theatres and restaurants at reasonable distances to take care of the recreation and leisure needs of the residential population as well. Whether you’re looking for a 4BHK flat or 4 BHK villa in Kolkata, you must compare properties on the basis of social infrastructure before reaching a decision.
There is no dearth of good, credible real estate developers in Kolkata, many of whom have been constructing top quality residential projects over multiple decades. If you’re looking to purchase an underdeveloped property by a certain builder, it will be a good idea to visit completed projects to get an idea of the quality of construction, elevation, and façade, upkeep of open spaces, the general level of maintenance, wear and tear, et cetera. This will give you an idea of what your future home will look like in the years to come.
We don’t buy a home in isolation; in fact, when we purchase a house, we become part of a community. While you’re enquiring about society and negotiating on the price with the developer, ask a few questions to understand the type and profile of people who will come to be your neighbors. Getting along with people in your immediate neighborhood can greatly improve your overall quality of life.
Buying 4 BHK flats in Kolkata is a sizable investment, and for all practical purposes, you must treat it as such. Aggregate the costs involved as far as purchasing your home is considered and compare them to the rental yield of the different localities that you’ve shortlisted. By taking into account that rent escalation grows by about 10% every 11 months, you can calculate the long-term ROI on your asset if you were to lease it out to tenants.
Upcoming localities to consider while buying 4 BHK flats in Kolkata
There are many premium neighborhoods in Kolkata to choose from while buying a 4BHK flat in Kolkata. We’ve listed the top five localities below for you to explore:
Phoolbagan and Beleghata
Phoolbagan is an upcoming locality in North Kolkata, while Beleghata is a neighborhood located in the eastern part of the city. Both localities are witnessing tremendous real-estate development owing to the access & connectivity through EM Bypass. Popular among the NRI and IT professionals, these neighborhoods feature a rich mix of metropolitan population along with Bengali locals.
Cost of 4 BHK apartment in Phoolbagan and Beleghata
A ….sq.ft 4BHK flat in these areas can be purchased in the range of 1.85 to 1.9 cr. You can check out Jiva, a luxurious property offered by us.
Buying a 4BHK flat in Alipore is an unattainable dream cherished by many locals. However, the upcoming neighborhood of New Alipore, located south of Alipore is a more viable residential destination. Flanked by Diamond Harbour Road towards the west and Basanta Lal Saha Road in the east, New Alipore is a posh neighborhood with good schools like Joseph & Mary School and DAV Public school in the vicinity.
Cost of 4 BHK apartment in New Alipore
Buying a …sq.ft 4BHK in New Alipore can range anywhere between 2.27 – 2.50 cr. We offer Vyom, the finest and most luxurious apartments in New Alipore.
EM Bypass near Science City
Eastern Metropolitan Bypass or EM Bypass as it’s popularly referred to, is comfortably located along a 32 km highway connecting UltaDanga and Baraipur Puratan Bazaar in North and South Kolkata respectively. As one of the newer suburbs of Kolkata, EM Bypass is witnessing significant development of both residential and commercial real estate due to the ease of connectivity.
Cost of 4 BHK in EM Bypass
A ….sq.ft 4 BHK apartment in and around EM Bypass and neighboring areas such as Garia, Broad Street & Picnic Garden Road can cost you between 4-6 cr. Do check out Aurus and Anassa, a stellar residential park designed for world citizens.
Ballygunge is an upscale suburb located in South Kolkata- home to HNI and metropolitan residents of the Bengali capital. Famous landmarks like the Birla Temple and BITM are located in its midst, alongside popular retail establishments and major IT employment hubs. Thoughtfully designed with the Ballygunge Circular Road running around its periphery, Ballgunge is a sought-after location to settle down and build a home.
Cost of 4 BHK apartment in Ballygunge
Buying a ….sq.ft 4BHK flat in Ballygunge will fall in the range of 6.5 cr – 7.5cr.
Loudon Street is a suburb close to the famous Park Street in the heart of central Kolkata. Well-connected by road and rail, Loudon Street has some of the best luxury residential real estate in Kolkata. Loudon Street features many independent houses, mansions, and bungalow estates that enclose anything between 4,000 – 35,000 sq.ft area between their walls.
Cost of 4 BHK apartment in Loudon Street
Loudon street is the perfect place to purchase a 4 BHK villa in Kolkata; the price for these properties start at 8 cr & above.
The city of Kolkata presents many options for the homebuyer. If you’re looking for a 4BHK flat in Kolkata, you will find many futuristic homes resplendent in architecture and modern amenities to choose from. Reach out to our sales team at [email protected] or call us at +91 33 6767 6767 to get a quote today.
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