Overview of Hazra, Kolkata

Location and Accessibility

Hazra, located in the Kalighat area of Kolkata, stands out as a well-connected locale. Close to major roads and public transit hubs, this place appeals to both residents and business people.

Property Prices

• Average Buy Price: Property costs per square foot in Hazra range from ₹10,747 to ₹13,996.
  • Lowest price starts at ₹6,227 per sqft.
  • Averages reach ₹10,747 per sqft.
  • The highest price peaks at ₹13,996 per sqft.
• Types of Properties: The area offers apartments, independent houses, and builder floors. Pricing varies depending on the type:
  • Apartments cost between ₹10,400 to ₹11,400 per sqft.
  • Builder floors can top up to ₹15,550 per sqft in certain properties.

Rental Market

• Residential Rentals: The rental market features 1, 2, and 3 BHK flats, builder floors, and independent houses.
  • A 1 BHK Builder Floor costs ₹11,500 for a 440 sqft unit.
  • 2 BHK Flats regularly rent at around ₹40,000 per month for a 1,300 sqft flat.
• Commercial Rentals: Office spaces, shops, and other commercial properties are also let out.
  • A fully furnished 1,000 sqft office can cost ₹70,000 per month.
  • Shops usually rent at ₹90,000 per month for a 750 sqft shop.

Year-on-Year Growth

The real estate market in Hazra has seen a robust yearly increase of 6.77% in the past year, showing a growing trend.

Amenities and Infrastructure

• Amenities: Hazra is full of schools, hospitals, shopping centers, and good public transport.
• Infrastructure: This area enjoys excellent road links and proximity to other important parts of Kolkata, making it a convenient place to live or work.

Market Trends

Buying and selling properties in Hazra appear profitable now and in the future due to rising property prices and high demand.

PropertyWala's Conclusion

In short, Hazra, Kolkata, shows a bright real estate future with escalating property values, excellent connection, and diverse amenities. Whether buying or renting, the options are between affordability and luxury. Its strong yearly increase and current rate trends make it a promising investment spot. Still, keeping up with newest market trends and property prices will be key to good decisions.