24 Parganas South, West Bengal Property Guide
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24 Parganas South, West Bengal Real Estate News
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According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
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When thinking about buying or renting property in South 24 Parganas, West Bengal, here are some important details to remember from a real estate standpoint:
Property Prices
The average cost per square foot for properties here stands at Rs. 3,750 per sqft. This price applies both at the starting point and on average for properties in that area.
Market Trends
Although we don't have specifics on long-term trends for South 24 Parganas, the overall Kolkata residential market—including South 24 Parganas—has grown a lot. When the West Bengal government ended the stamp duty and circle rate rebates in June 2024, property registrations jumped, showing strong demand. However, new twists could pop up without these perks.
Rental Options
If you're renting, properties like ones in Garia in South 24 Parganas are on offer. A builder floor with three bedrooms in Garia costs Rs 13,500 monthly, covering 1084 sqft of carpet area.
Sales Prices and Locations
You can find various prices for properties on sale in South 24 Parganas, starting from ₹2 Lac to ₹316 Lac. The hot spots include Garia Main Road, Bagpota Road, and Bijoygarh, among others. Garia Main Road has properties priced at ₹60 Lac, and Bijoygarh has Rs 18 Lac properties.
Affordability and Luxury
South 24 Parganas brings together affordable and mid-range housing choices. Areas like Garia, Behala, and Joka are seen as middle-income areas with property rates between Rs 4,000 to Rs 5,500 per sq ft. This makes it good for budget-friendly buyers and those wanting a bit more luxury.
PropertyWala's Insight
In short, South 24 Parganas is a smart pick for both buyers and renters. With steady property prices and various housing possibilities, the area benefits from its closeness to Kolkata and the overall market growth of Kolkata's residential scene. Yet, possible buyers need to watch out for the latest shifts in government incentives to take smart steps. With fair prices and expanding infrastructure, South 24 Parganas stands out as a hot spot for real estate investments.