The EM Bypass emerging with the changing skyline of the city

The flyover has transformed real estate prospects on the EM Bypass. The result is that buyers now ask why they should pay considerably more for properties in pocket of the city when they could easily drive across the flyover to another pocket within minutes where properties would be available cheaper.

Kolkata’s real estate sector is at an inflection point.

And this inflection point is the result of the Parama Flyover (Maa), commencing from Park Circus’ seven-point crossing to the EM Bypass (Bartaman Bhavan and P.C. Chandra Gardens).

The flyover has transformed real estate prospects on the EM Bypass (from Garia in the extreme south to Kazi Nazrul Islam Avenue in the extreme north), Tangra and contiguous locations through enhanced connectivity. Bypass commuters are now able to make a quick exit to Esplanade, BBD Bagh and Howrah.

No wonder the EM Bypass stretch is becoming a coveted area for trusted builders to build their most premium projects. With emerging options for fine dining, staycation and luxury residential projects, coupled with reduction in commute time, smoother traffic flow and decline in accident rates, EM Bypass is emerging as the next upcoming hub of the city.

What the flyover has also done is correct the arbitrage window between properties in Alipore, New Alipore and EM Bypass. Before the flyover existed, real estate values in Alipore and EM Bypass were largely disconnect. The flyover kick started the biggest alignment in real estate prices across the city, presenting a realistic picture of market realities and prospects. The result is that buyers now ask why they should pay considerably more for properties in pocket of the city when they could easily drive across the flyover to another pocket within minutes where properties would be available cheaper.

There has been another upside of this decisive infrastructure introduction. For those conscious of work-life balance and not seeking to spend hours commuting each day, this represents a signal development, shrinking commute times.

So even as the flyover is tomorrow’s infrastructure today, in a certain sense it is yesterday once more.