Overview of Shibpur, Kolkata

Location and Access

Shibpur sits in Howrah, Kolkata, offering great connectivity to the city’s central parts. It has strong links to numerous educational facilities, especially the Indian Institute of Engineering Science and Technology (IIEST), and boasts excellent infrastructure.

Property Rates

• Starting at about Rs. 4,236 per square foot, properties in Shibpur.
• Average prices are roughly Rs. 5,223 per square foot.
• The costiest listings in Shibpur reach up to Rs. 7,272 per square foot.

Property Varieties and Availability

Shibpur features all kinds of homes, like flats and standalone houses. There are quite a few projects and properties for sale and rentals, with over 105 properties listed for purchase.

Rental Prices

The usual rent for a 2 BHK apartment in Shibpur amounts to about Rs. 7,870 monthly. You'll find options ranging from 1 RK to 3 BHK houses, some with semi-furnished setups.

Area Amenities

• Educational Institutions: Home to the notable Indian Institute of Engineering Science and Technology (IIEST), Shibpur benefits from this institute.
• Infrastructure: The region offers well-established roads, transportation options, and amenities like schools, hospitals, and markets.
• Recreational Spots: Residents, especially students, find sports facilities at IIEST excellent, including two main sports grounds, a basketball court, and a swimming pool.

Market Developments

Shibpur saw a property value decrease of 4.81% in the last year, creating a favorable market for buyers. Although prices have dropped recently, the general trend suggests a potential for profit in buying or selling due to its advantageous location and facilities.

Adjacent Areas

• Naora: With property averages from Rs. 4,444 to Rs. 7,272 per square foot, Naora is also worth exploring.
• Choura Bustee: This area enjoys a steady price, averaging Rs. 4,519 per square foot.

PropertyWala's Summary

Shibpur, Kolkata, shines as a desirable choice for buying or renting property thanks to a mix of affordability, amenities, and advantageous location. Its reputed educational institutions and superior infrastructure make it appealing for both students and families. Even with the recent drop in property prices, the area shows strong long-term promise. Hence, Shibpur stands out for anyone considering significant value investments in the city's real estate market.