Overview of Prakash Nagar, Siliguri

Location and Accessibility

Prakash Nagar lies in Siliguri, a major city in West Bengal, India, and it acts as a gateway to North East India. Situated in Ward 42, this part of town is both central and highly accessible.

Property Types and Configurations

• Residential Properties: The 3 BHK apartment is the most common, making up around 100% of the properties available for sale.
• Commercial Properties: While residential properties dominate, there's also some availability for commercial spaces but not as common.

Price Trends and Ranges

For Sale

• Price Ranges: Most sale properties here are in the ₹20 Lac - ₹40 Lac and ₹40 Lac - ₹60 Lac ranges. You can find a few in the ₹60 Lac - ₹80 Lac and ₹80 Lac - ₹1 Cr ranges too.
• Per Square Foot Rates: Generally, rates are about ₹3,800 per square foot for flats.

For Rent

• Price Ranges: Rentals are generally up to ₹5,000 per month. For example, a 1 BHK home can rent around ₹2,800 per month.

Property Sizes and Amenities

• Apartment Sizes: Flats go from 813 sq.ft to 2,101 sq.ft, which suits different family sizes.
• Amenities: It's near famous hospitals, like the Siliguri Greater Lions Eye Hospital, Medica North Bengal Clinic, and Neotia Getwel Healthcare Centre. So, it's perfect for comfortable living.

Real Estate Market Dynamics

• Year on Year Growth: We don’t have exact year-to-year growth numbers, but given its central spot and rising demand, it's seen as a hot spot for real estate investment.
• Market Activity: With the availability of real estate agents and ongoing construction, it's pretty active with a good mix of ready-to-move options.

Home Loan Options

• Interest Rates: Banks in Prakash Nagar offer home loans with rates ranging from 8.6% to 12.0%.

PropertyWala’s Conclusion

Prakash Nagar offers both buyers and renters a solid choice with good affordability and amenities. With mainly 3 BHK apartments and essential facilities, it stands out. For the best choices, keep an eye on the price trends and square foot rates. Given its central spot and the healthcare facilities close by, Prakash Nagar is top pick for those looking to buy or rent in Siliguri.