Rajarghat, the satellite township of Kolkata, accounts for the hottest current real estate factor in Kolkata. Rajarghat has become more prominent as two real estate developers with development worth Rs 200 crore, are all set to invest in Kolkata real estate. The project is esteemed and significant because it is a joint venture with West Bengal Housing Board.
The projects are the result of joint sector development in Rajarhat. Hiland Park developer United Credit Belani Group (UCBG), South City Projects consortium member Park Chambers, and first-time entrant Bengal Shelter will try to allure customers for the sophisticated condominiums.
UCBG Managing Director, Nandu Belani, lays his focus on architecture as his main element to attract customers. “Since it's a joint venture with West Bengal Housing Board, there'll be apartments across a price band for different income groups. " Belani said. This should definitely move a variety of end users to buy apartments in Kolkata that is not supposed to offer much in terms of new real estate ventures.
Kolkata properties will be esthetically contributing to the lifestyle element in these real estate projects. Dulal Mukherjee, the architect lays emphasis on the lifestyle elements that will be incorporated in the development of the project. The 5.18 acre project comprises Oak: a cluster of four-storey LIG apartments; Maple: MIG flats in a 14 story block; Birch: HIG apartments in a 23-floor tower; and Hazel: a cluster of townhouses.
"The highlight will be the club atop Birch. The central part of the towers will be scooped out to make room for facilities like gym, badminton court and terrace garden, " said director Sumit Dabriwala.
Buying apartments in Kolkata will not be a dream any longer as the project will see the first high-rise in the middle income segment with a 17-story structure. The higher income apartments will be housed in three 20-story towers. There will also be a double-story car-park. Of the 550 apartments, 50 per cent will comprise the LIG-MIG mix.
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