When it comes to smart investments, there is no asset class like real estate. Investors buy land, flats, offices, and shops, et cetera among a wide variety of options available in an effort to park their money in a safe place and earn handsome returns in the future. If you’re contemplating investing in residential real estate in Kolkata, buying flats in Joka can prove to be the ideal bet. Demand for homes in Joka has seen a steady rise over the last few years and a smart investment in bungalows or 2 BHK and 3 bhk flat in Joka can prove to be a rather profitable proposition.
Reasons why buying Flats in Joka makes sense
Joka has everything you’re looking for: a gradually developing social fabric, established roadways, and highways, schools and colleges for its youth. But there’s more to our claim than just that. While we discuss the booming cultural life, we’ll also shift the lens and understand how Joka can prove to be a great return on investment with respect to your finances. Owning a property here could prove wonders for you in the long run.
Joka is home to the prestigious IIM-Calcutta university, which draws hordes of full-time and part-time students to the locality. Other notable institutions in the area include Calcutta Business School, NPC College of Science and Management, and Palian College of Management & Technology, amongst others, that give Joka the status of being an educational hub. While some students live on campus, many others seek ready to move flats in Joka at the start of the academic year. The steady influx of students along with the developmental efforts taken by the state government has made Joka a residential hotspot. Flats in Joka range include 2BHK to 3 BHK apartments as well as 5 BHK individual duplexes. For its youngest residents, flats at Joka provide easy access to several schools such as The Delhi Public school, Mount Litera Zee School, and Vivekananda Mission school. Several nursery options are also available for preschoolers.
Geographically speaking, the Diamond harbor connects Joka with its neighboring districts of Thakurpukur, Behala, and Howrah amongst others. Joka is well connected to the rest of Kolkata by road and rail. Let’s look at different modes of transport frequented in this locality.
a. The upcoming metro
A part of the reason for the boom in residential projects has been the connectivity brought about by the under-construction metro line. The upcoming Joka BBD Bagh will connect the district between Joka and Taratala including up to 6 stations (Thakurpukur, Behala Chowrasta, Behala Bazar, etc). A recent sanction has extended the line by 2 kilometers which now reaches up to IIM and Diamond park.
b. Road Connectivity
Joka is well endowed with bus routes and tram services that connect its residents to its several constituents such as Kalu, Keo Park, New Park, and Diamond harbor road.
Moreover, the upcoming locality is also well connected to prime spots such as Howrah or Salt lake city, the latter being an hour’s drive away. The airport is located 30 kilometers from here, while the nearest railway station of New Alipore is just 7 kilometers away. The locality is well-connected to highways and roadways; the four-lane diamond harbor lane and the James Long Sarani provide an existing connection to the rest of the state and particularly to places like Sealdah, Bidhannagar, and Tollygunge.
The social infrastructure in Joka
Irrespective of whether you plan to move here or simply invest, you shall be greeted with all easy access to the basic necessities as the infrastructure at Joka is well developed and maintained. The locality features many reputed clinics and hospitals; ESIC along with The Kasturi Medical center provides well-equipped and technologically advanced health care services to its residents.
Recreational Facilities at flats at Joka
The peaceful yet bustling neighborhood of Joka provides ample facilities for you to socialize with others and lead a pleasant life. The bustling student life in the area has led to several eateries such as Domino’s, Subway, and other casual eateries. Apart from these, flats at joka is also home to restaurants that are ideal for a day out with the family. Additionally, the lounges cater to the party-loving youngsters of the neighborhood. Moreover, the neighboring Ballygunge is a short 24-minute drive away; the locality houses several cinema halls that provide a comfortable and luxury movie-watching experience to its visitors.
Prices of houses in Joka are strategically positioned quite competitively as compared to neighboring districts in Kolkata. With time, as the neighborhood develops and the connectivity improves, property prices will promptly scale higher levels.
Let’s take a general look at the price range of flats in Joka. 2 BHK flats range in size averaging from a carpet area of 675 to 750 sq feet (approx), while 3 BHK flats in Joka range between a carpet area of 900 to 975 square feet. The price ranges from 3125 to 6000 per square feet in this area.
The major cost differentiator is the location, the amenities, and architectural excellence. If you’re looking for a premium housing that offers unparalleled services and offers an upgrade in your lifestyle, it’s advisable to look for properties that cost upwards of 5500 per sq.ft.
While many flats in Joka are under construction and will be ready for possession between 2021- 2025, several flats with the same level of amenities are ready for you to move in. You can pick from a wide range of properties with options catering to several budget plans.
Quick tip –
Note that the square feet will usually be presented to you in the form of the ‘super built-up area’ of the flat which includes the space of the pool, club, corridor, lift, etc. The carpet area differs from this. Make sure to calculate accordingly!
Even if you do not wish to move here, Joka is a great place to consider future property investments. Further, flats in Joka have seen a steady rise in prices since the first few apartments that were built back in 2013. As of 2019, Joka [M1] accounted for a major part of the sale of property in the southern region of Kolkata. Interestingly, the state also had one of the highest rental yields in the year 2019. With the per month cost of rent being around Rs 11000, Joka can fetch you a gross rental yield of 5-6% on a 2 BHK flat. With several students arriving at IIM and other colleges, there is a high probability of finding a renter for your home.
Independent Bungalows in Joka
The abundance of space and affordable land rates have led to the development of several bungalow projects in Joka. You can choose from various 2 to 3 BHK options. While a bungalow usually implies detached living, developers have constructed them in a manner that several amenities such as a pool, club, gymnasium, and nursing home are available at a reasonable proximity to the bungalow residents.
More lavish options suitable for 5 BHK duplex in south Kolkata in Joka range from 1500 to 2500 sqft. Apart from bungalows, you can also look at several villa options in Joka. If you’re looking for villas in Kolkata, consider buying one in Joka; there are about 25-50 villas in Joka. However, these options are only beneficial if you are not looking for any amenities and secured living.
Upcoming flats in Joka for sale by The PS group – The 102
Welcome to ‘The 102’. This luxurious residential complex conceptualized by us in Joka comprises over 600 apartments ranging from 2-3 BHK flats and offers 102 different amenities to our lovely residents.
Designed by SRSS, one of the finest architects from Singapore, with construction technology from South Korea and landscaping by Tectonix Thailand, The 102, is the best buy for an enhanced and comfortable lifestyle. It is extremely well connected to the surrounding market areas and is already a happy home for over 170 lovely families.
Come home to flats at joka
Joka is an up-and-coming hotspot you need to know about if you’re always looking at properties to invest in. The place has been gaining a lot of traction and with several projects yet to be completed flats in Joka are available at a discounted price than they will be a couple of years from now. This beautiful and serene town is ideal for peaceful living despite the amenities of city life. An upcoming metro line will only boost its social infrastructure and you want to be there before it is too late!
You can also check out “Upcoming 2bhk & 3bhk Flats in Joka by PS Group” and “The 102: 2 bhk and 3 bhk Flats | Apartments in Joka“