Overview of Action Area 1, Kolkata

In New Town, Kolkata, Action Area 1 is a highly desired place for both buyers and renters thanks to its location, amenities, and strong real estate scene.

Property Prices

The property prices here are quite diverse, showing a healthy and growing market. On average, the price per square foot hovers around Rs. 8,073, with a spectrum from Rs. 2,666 to Rs. 19,910 per square foot.

For different property types:

• Flats often cost from Rs. 6,100 to Rs. 8,600 per square foot.
• Builder Floor typically sits between Rs. 6,000 and Rs. 7,050 per square foot.
• Land rates run around Rs. 11,850 to ₹14,000 per square foot.

Rental Market

Rental prices are strong in Action Area 1, providing various options:

• 1 BHK flats: ₹ 6,000 - ₹17,000 monthly.
• 2 BHK flats: ₹ 15,225 - ₹ 47,750 monthly.
• 3 BHK flats: ₹21,000 - ₹85,000 monthly.
• 4 BHK flats: ₹ 32,500 - ₹ 72,400 monthly.

Properties usually come with added perks like covered parking, multiple balconies, and easy access to key spots such as Novotel hotel, Biswa Bangla Gate, and IT parks.

Amenities and Infrastructure

Action Area 1 is very well-linked and has lots of amenities making it attractive. It's near important IT firms, the Salt Lake business area, and various shopping places. The area also hosts good schools, markets, and other essential services, bringing convenience to residents.

Growth and Investment

This place has seen significant rises in property prices. There’s been a 7.49% increase in rates in the past year alone and a massive 94.1% over the last 10 years. This shows Action Area 1 is a good choice for investors looking for growth over time.

PropertyWala's Verdict

Action Area 1 in New Town is great for property buyers and renters. With its rising prices, exceptional connectivity, and superb facilities, it's a perfect choice for those who want comfort, convenience, and potential long-term return. Whether buying or renting, this area offers plenty to fit different budgets and wants. It’s definitely a top pick in Kolkata’s property market.