Real Estate Overview of Shree Bhumi, Kolkata

Location and Accessibility: Shree Bhumi, situated in the Lake Town area of Kolkata, has excellent connectivity. It’s close to key landmarks and transport hubs, which makes it attractive for both residents and investors.

Property Prices: The property market in Shree Bhumi offers different pricing levels. Recently, the starting prices for homes here are about Rs. 2,555 per square foot, with averages around Rs. 4,458 per square foot. Top-end properties can cost up to Rs. 6,425 per square foot.

Market Trends: There’s been a year-over-year decline of 19.99% in property rates in Shree Bhumi. But, the area remains a good choice for buying and selling. Current prices are actually favorable for investors and users.

Availability of Properties: Shree Bhumi has various residential options including flats, apartments, plots, and standalone houses. Websites like MagicBricks and Housing.com list more than 35 homes for sale and several for rent.

Price per Square Foot for Different Property Types:

• Flats and apartments typically range from Rs. 4,000 to Rs. 6,000 per square foot.
• Standalone houses also fall within similar price brackets, reflecting the overall property value in the area.

Rentals: For renters, Shree Bhumi offers affordable rents. For instance, a 3-bedroom apartment is available for about ₹30,000 per month.

PropertyWala's Verdict

Shree Bhumi, Kolkata, features a mix of affordability and luxury, making it a great locality for real estate investments. With great connectivity, varied property choices, and recent market trends, now’s the time for buyers to consider purchasing. But sellers need to know the recent drop in property rates and set prices accordingly. Shree Bhumi provides a solid proposition for buyers and renters in a developing and well-connected area of Kolkata.