Overview of Narayanpur, Kolkata

Location and Growth

Narayanpur is situated in the Rajarhat area of Kolkata. This locality is part of the bigger Rajarhat-New Town region. This region is famed for its new and modern infrastructure and facilities.

Property Pricing

• The average price for properties in Narayanpur is ₹4,402 per square foot as of 2024. This shows a yearly increase of 1.17%.
• The cost for properties per square foot ranges from ₹2,666 to ₹7,246.
• Different property types are priced as follows:
  • Stand-alone Houses: Prices generally start around ₹40 lakhs for a 2 BHK house with a built-up area of 1000 sq.ft. The cost averages out at ₹4,000 per sq.ft.

Types of Properties Available

• Apartments: Various setups, mostly centered around 2 and 3 BHK units.
  • The 3 BHK variants dominate the area.
• Stand-alone Houses: Another option, especially for families, including features such as north-east facing entrances and modern conveniences.

Infrastructure and Services

• Educational Facilities: Schools like Mangalam Vidya Niketan are located nearby, roughly 4 km away.
• Healthcare: The Lotus Hospital is a nearby option, about 2.3 km distant.
• Social Amenities: The locale hosts banks, schools, and parks.

Rental Market

• For those renting, flats are available at varying monthly rates, e.g., a 2 BHK flat can be leased for about ₹17,000 per month.

Current Market Trends

• Property values have been climbing over time, with a strong 9% quarterly rise noted in 2024.
• Popular choices include properties priced between ₹40 lakh - ₹60 lakh (31%) and ₹20 lakh - ₹40 lakh (29%).

PropertyWala's Conclusion

Narayanpur, Kolkata, gives excellent prospects for buyers and renters thanks to its expanding infrastructure, consistent price appreciation, and a wide array of property choices. It blends modern amenities with proximity to vital services, making it an appealing option for those wanting to invest or make it their home. Still, potential buyers should monitor market trends and price changes for better decision-making.