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The eastern suburbs of Kolkata including Rajarhat Township and EM bypass are some of the major areas attracting a large number of developers and buyers alike. Salt Lake City is another area attracting users. Sector V of Salt Lake is the IT hub of the city and has a large number of multinational corporations located in the region. Since most regions of North and South Kolkata and other central regions are all cramped for space, most new development is happening in the eastern front with regulated roads and highways and very good civic infrastructure. Impact would be positive in my opinion but as far as returns on property investments are concerned think long term. This is just a starting phase but also a good time to purchase and hold.

It is true that Kolkata real estate market is an end user driven market but there are two aspects of note. Firstly demand for affordable housing has increased because of the large quantum of population but with influx of multinationals and IT industry flourishing in the state, professionals have migrated offering boost of the overall realty sentiment. While some areas have witnessed more interest than the congested north Kolkata and other areas. The good news is that there is no oversupply so correction in prices is not foreseen. However consider the positive spike to be conservative between 8 to 10% on year.

The serious issue regarding land and sops policy is highly affecting the West Bengal's real estate market. During an inauguration of a three day conclave on Bengal Builds with top city and few pan India developers as invitees,Chief Minister, Mamta Banerjee quoted that the state is in deep debt to offer freebies to developers .

The biggest negative of North Kolkata is its congested roads and bottlenecks of traffic during the peak hours. The flyover at Nagerbazaar on Jessore Road is surely going to ease out the congestion making the area far more unclogged than it is at present. Another important factor is the extension of the metro line from Dum Dum to Dakshineshwar. The improved infrastructure is sure to bring some positive spike in the real estate market in North Kolkata.

Rajarhat, also known as New Town of Jyoti Basu Nagar is one of the most significant real estate destinations in Kolkata today. Aimed to be developed as an IT hub, the region is witnessing immense growth with a number of construction projects currently underway. Because of its new development, Rajarhat is going to boost of modern amenities and state of the art civic infrastructure and facilities. The current price trends in Rajarhat range between Rs 2500 to Rs 5500 per square feet depending on the project and its size and location. Most well renowned builders like Unitech, DLF and Tat housing are active in the region.

The national Highway 2 or NH2 running from New Delhi to Kolkata passes through a number of regions and states. The New Delhi Mathura is the first stretch of the highway in Uttar Pradesh. The highway touches Palwal and Faridabad in Haryana before entering Mathura. New Delhi Mathura road stretch is a very good investment destination. The current average price for a residential apartment in the region is between Rs. 21,000 to Rs. 22,000 per square meters.