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Garia is a well-known posh residential neighbourhood in south Kolkata. It is well connected to all the other regions of the city, including the outskirts with the help of various modes of transportation like a wide network of buses and railways. Additionally, the Eastern Metropolitan Bypass passes from the centre of Garia that makes commuting to other regions easier. Being centrally located, well developed and connected and easy accessing all social and civic amenities, Garia is one of the favourite locations of the home seekers, home buyers as well as investors.
However, one major infrastructure development that the region is experiencing is the extension of the metro from New Garia (Kavi Subhash) to the Subhash Chandra Bose International Airport. This extension will improve the connectivity between South Kolkata to North and Central Kolkata. Like in other cities metro is highly responsible for the real estate growth, similarly in this case also the completion of the metro will affect the real estate business in Garia. As due to this development, the residential flats in south Kolkata’s this locality are expected to increase.
Although, the area is already developed with infrastructure along with basic amenities in place and comprise of several housing complexes and independent houses. With this new mode of connectivity, there will be a rise in housing demand, perhaps for new projects in south Kolkata. Developers are also concentrating on fulfilling this upcoming demand of houses with new projects in south Kolkata. Along with Garia, the regions around it or the areas that will be served by metro will also experience an increase in housing demand.
But interestingly, the price trend in all parts of the city has been the same, therefore most of the owners look for residential flats in south Kolkata and also in the suburban regions majorly for the investment purpose. So the housing demand mainly comes from the second time home buyers, the Non-resident Bengali’s who looks for properties for investment purpose or from the young professionals who works with the corporate majors and wants to lead a comfortable life free from rents.
According to the real estate experts with the completion of the metro the investment opportunity in Garia region is most likely to get increased. So if you are planning to buy a property in Kolkata for the investment purpose then you should consider Garia as a profitable option as home seekers prefer Garia due to good connectivity and affordability factor.