Summary of Action Area 3 in Kolkata

Location and Connectivity

Action Area 3 sits in the northeast part of Kolkata, belonging to the New Town area. It is flanked by Action Areas I and II and borders several villages like Ganragari and Hudarait. The New Town Road links it to Bishwa Bangla Sarani Road (NH-34), providing wide access to Kolkata's different parts.

Property Types and Prices

• Apartments:

  • Apartment costs here range from Rs 5150 to Rs 7300 per square foot, with an average flat rate around Rs 6350 per square foot.
  • Config options span from 1 BHK to 6+ BHK. Prices go from 40 Lac to 40 Lac for 2 BHK and 60 Lac to 71.5 Lac for 3 BHK flats.

• Land:

  • Prices for land hover between Rs 1950 to Rs 6800 per square foot.

• Builder Floors:

  • Floor prices range from Rs 3900 to Rs 4850 per square foot.

Amenities and Lifestyle

• Residential Projects:

  • Action Area 3 hosts a diverse array of residential projects, encompassing high-rise apartments and affordable housing, all complete with the latest amenities.

• Commercial, Educational, and Healthcare Facilities:

  • Easy access to business areas, educational institutions, healthcare facilities, and recreational spots ensures a balanced lifestyle for residents.

Rental Options

• Rentals:
  • Monthly rent for 2 BHK flats runs from ₹13,000 to ₹45,000. For 3 BHK flats, expect rent to be between ₹40,000 to ₹62,000.
  • Many rentals are available without brokerage fees, leased directly by landlords.

Price Trends and Increase in Value

• Price Trends:

  • Starting property prices hover around Rs 1,041 per sqft. Average prices hit Rs 6,141 per sqft at an upper limit of Rs 7,584 per sqft.

• Appreciation:

  • Flat prices in Action Area 3 have gone up by 24.5% last year, 33.7% over the past three years, and 35.1% over a decade.

PropertyWala's Verdict

Kolkata’s Action Area 3 is a bustling locality with plenty of residential, commercial, and other spaces available. Its strong connectivity, variety of properties from affordable to luxury, and various amenities make it appealing to both buyers and renters. Prices have been rising steadily, marking it a good investment in Kolkata's real estate. Whether you're searching for a luxury high-rise or a budget-friendly option, Action Area 3 meets diverse needs and offers a balanced lifestyle with all essentials nearby.