8 Reasons to Buy Flats at New Town Kolkata for Millenials
By Pratik Balasaria

Introduction

The charming city of Kolkata is home to numerous people from all walks of life. Famed industrialists and bureaucrats, artists and poets, students and professionals- all of them take shelter in the city’s large beating heart. However, as the population of any city grows, the city limits also expand in tandem to keep up with the growing needs of its residents. New Town is one such example; it’s a plush satellite city developed by the state government of West Bengal in the 1990s to keep up with the rapid expansion in the population and fulfill the demand for housing stock in the city in a planned and structured way. In fact, the new flats at New Town Kolkata are equipped with various amenities and provisions that are hard to find in the leading projects located in Central Kolkata.

Located on the fringes of Kolkata, New Town has many attractive facets that appeal to prospective homebuyers. It is an upcoming IT and education hub, well-connected to the main city of Kolkata through road and rail, with a host of entertainment and recreational attractions for locals and tourists alike. New Town has gathered a liking by young couples and nuclear families. You can virtually visit out all residential options made available to you at New Town by PS Group here.

Reasons why you should consider buying Flats at New Town

This blog enlists the ten major reasons that prove New Town is the perfect locality for a prospective homebuyer for every budget. Let’s have an in-depth look at these factors.

1. Affordability

Whether you’re looking for flats for sale in new town Kolkata or anywhere else, the primary deciding factor is always price and value. Although the price of properties in Kolkata has been on a steady rise for over a decade, New Town presents many attractive home purchase opportunities for the value buyer. Since New Town is located on the periphery of the main city, flats in New Town Kolkata are available at considerably attractive rates as compared to flats in Kolkata South. You can find spacious and comfortable flats in New Town Kolkata with multiple balconies for a reasonable spend.

Premium and Luxurious 2BHK flats at New Town Kolkata or on Rajarhat that average about 600 sq.ft in the area start at 65 lakhs while premium 3BHK and 4BHK flats in New Town Kolkata or Rajarhat ranging 700 sq.ft to 1000 sq.ft can cost upwards of 90 lakhs. On the other hand, if you’re looking for a budgeted option without many amenities and luxury, you will still be able to find properties upwards of 50L. Whatever be your budget, finding the right home at the right price is not a challenge in New Town.

2. Amenities

When it comes to comparing flats for sale in New Town, you can weigh in on different amenities present in the housing complexes, because trust us there are quite a few. Various reputed builders have pulled out all stops when it comes to enriching the lives of its prospective residents. New and Upcoming flats in Kolkata new town are part of large residential projects that feature many amenities such as well-staffed gymnasiums and clubhouses, swimming pools, jogging tracks, natural ponds, and the works. Once such a premium residential complex One10, offers 70% open space and several mind-boggling amenities within the premises for its residents. Homebuyers can avail various comforts of modern living in New Town without digging a deep hole in their pockets.

3. Civic Planning and Infrastructure

New Town boasts of a well unified social structure comprising various specialty hospitals and clinics, reputed schools and colleges as well as outdoor attractions that lure both locals and travelers. The New Town School Kolkata, along with other renowned names like Delhi Public School and Ravindra Bharati Global school are well-regarded for their education stature around the country. Among colleges, Techno India University New Town, Amity University Kolkata, Aliah University, and University of Engineering and Management are well-known for their exceptional engineering pedigree. As a smart green city developed under the detailed directive of the National Institute of Smart Governance (NISG) and maintained by the new town Kolkata development authority, Rajarghat New Town is well-equipped with underground solid waste management systems, drone surveillance systems, and sensor-based street light conservation modules that truly places the city in a league ahead of the rest.

4. Community

The community profile in New Town Rajarhat Kolkata is versatile and welcoming to all. The satellite city brings together a unique mix of people ranging from engineering and MBA students to IT professionals, musicians, and business people. The futuristic design of several housing projects housed in New Town offers a great sense of community interaction to the residents. Young academicians, married couples and extended families share a sense of coexistence with each other, which makes for a great sense of communal bonding. Despite the advanced features of the New Town and the futuristic civic amenities present in the area, New Town emits a warm neighborhood feel that makes all its residents feel at ease.

5. Connectivity

As far as transportation and connectivity goes, people who reside in the flats at New Town Kolkata have many options. The transport network of the area includes a range of well-developed transportation facilities, such as bus routes, metro lines, cabs and rickshaw services available at your disposal. For travelers who frequently skip out of town, Kolkata’s primary railway station and international airport are located at 14kms and 11kms respectively. More than 300 air-conditioned and non-air-conditioned buses begin at or pass through the New Town bus stand making the area one of the better-connected localities in Kolkata. As far as road transport is concerned, New Town is connected by many six-lane roads and highways such as Biswa Bangla Sarani Road, New Town Road amongst others.

6. Employment Opportunities

IT parks, commercial buildings and corporate parks in New Town Kolkata provide employment opportunities to lakhs of people both directly and indirectly. Leading IT parks such as EcoSpace IT Park, Unitech Infospace, Candor Techspace house Wipro, Infosys, Cognizant and other fast-growing multi-national corporations. Gitanjali Park New Town, built-to-suit exclusively for TCS, is the largest IT campus in India featuring an expansive 40-acre campus that encloses 2.25 million square feet of built-up space and employs over 17,000 people. In addition to these IT behemoths, New Town Rajarghat also houses many leading Indian and International manufacturing, BFSI employers that are distinguished in their respective industries. These developments have cemented New Town’s position as a leading employment hub that attracts the best employers and talent from all over the country.

7. Entertainment and Hospitality

Owing to the satellite city’s vibrant IT crowd and student population, New Town has become a thriving entertainment destination. The locality boasts of several malls such as within the New town action area 1 such as Aquatica Water Park, DLF Galleria, and Axis Mall New Town that offer access to much-needed retail therapy. Additionally, food and beverage establishments in Rajarhat New town are all the rage; New Town restaurants are famous for dishing out tasty cuisines and delectable delicacies that are enjoyed by the area’s residents- both young and old. From a hospitality point of view, there are reputed hotels near New Town Kolkata such as Ibis, Fairfield by Marriott, The Westin Kolkata Rajarghat, and the Pride Hotel that are suitable for hosting guests as well as for organizing medium to large family functions and gatherings.

8. Return on Investment

If you’re looking to buy flats at New Town Kolkata from an investment point of view, the locality presents an interesting value proposition. For example, a 2 BHK flat in New Town can cost you between 35-55 lakhs which can fetch you a monthly rental income of INR 16,000 to 28,000 depending on the quality of construction, amenities, and inner furnishing and fixtures. Even after paying for the maintenance and yearly upkeep, you will be left with a handsome amount of money; hence, flats at New Town Kolkata can truly be considered income-generating assets. Moreover, as the influx of young professionals and married couples flock to the area to be close to the neighboring IT district, the demand for flats for rent in new town Kolkata will keep rising along with the rental ask for residential properties.

Upcoming flats at New Town Kolkata for sale by PS Group

ONE10

PS ONE10 is a prime residential complex located in the heart of New Town. Expertly designed and developed by our award-winning team, this project offers spacious 2 and 3 BHK homes at competitive prices with state of the art amenities like game rooms, Olympic size swimming pool, and daycare services among the least.

Cost and Specifications: The price of a 2BHK sized at 600 sq.ft begins from 66L while a 3 BHK is available for 80L onwards.

flats at newtown
One10 – Action area1, behind Novotel

Amistad

Winner of the Best Upcoming Mid-segment Residential project of the Year at the Credai Bengal Realty Awards’2018. PS Amistad is a residential project with 3BHK homes on offer. The project conceptualizes urban living and has a range of amenities and services available for its residents.

Cost and Specifications: The project offers 700 sq.ft and 900sq.ft 3BHK homes priced at 68L onwards.

flats at newtown
Amistad – Newtown action area 2

The Soul

As the name suggests, The Soul by PS Developers is a project aimed at soothing your soul by satisfying your physical and physiological health. The Soul houses spacious 2, 3, and 4 BHK homes at an attractive price tag.

Cost and Specification:  2BHK homes with a carpet area of 609 sq.ft are priced at 50L. Similarly, 3BHK homes with a carpet area of 700sq.ft to 950sq.ft are priced from 55L to 75L respectively.

flats at rajarhat
The Soul

Conclusion

As the former colonial capital stretches its limits, new suburbs rise to quickly accommodate the city’s growing pace. New Town is a living example of Kolkata’s prominence in the country’s affairs- the satellite city boasts of many technological advancements in town-planning and governance that are yet to be seen in more distinguished metro cities. Flats at new town Kolkata or flats in Rajarhat enjoy a unique mix of nature, modern amenities, employment opportunities, and communal harmony that are hard to find elsewhere, hence, if you’re looking to buy property in New Town, you’ve made the right choice! 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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