Kolkata is the state capital of West Bengal in India. It was previously known as Calcutta until 2001 when it was renamed Kolkata. The city is home to some of the tallest structures in India and Asia. With over 800 facilities, it has the country’s second-largest high-rise buildings. Several other skyscrapers are still under construction. The city’s structures are inspired by various cultures around the world and depict different historical periods. The vast majority of Kolkata’s skyscrapers are residential. This blog is about the tallest building in Kolkata, “The 42.”
The 42 Chowringhee Kolkata building is now the tallest residential building in Kolkata and India. There are 56 ultra-luxurious flats with multi-faced amenities and facilities promising unrivaled luxury to the owners at a snobbish price tag of Rs 17 crore and above.
The 42 is Kolkata’s tallest structure. It is 240 meters tall and has 60 floors, nearly twice the height of the South City Towers (36 stories). The 42 projects have the same height as Mumbai’s tallest building, the Imperial Towers 1 and 2, which have 61 floors each.
The 42 is an ultra-luxurious project in Kolkata’s Elgin neighborhood. The properties start at Rs 17 crore and go up from there, equating to Rs 20,000-22,000 per square foot.
At this price, there are only a few remaining properties, and most are for sale. At this price, there are only a few remaining properties, and most are for sale.
A four-member consortium is building the 42 projects in Chowringhee, Kolkata: Mani Group, Salarouria Sattva, Alcove Realty, and Diamond Group. Hafeez Contractor is a consultant on this project, and it’s due to be completed in December 2018.
The 42 Kolkata Tower has 65 floors for sale. While the flats will all be standard size, the top floors will have a triplex. The ground floor lobby is 13 meters tall, the same as a typical three-story building. The car park has 56 slots, so each flat owner has seven parking spaces.
The 42 Project in Kolkata has 4/5/6 BHK apartments and is the city’s tallest building. The 42 will have four bedrooms, a hall, a kitchen, and four toilets in 7780 square feet. A 5 BHK apartment in 7815 sq ft will have 5 bedrooms, a hall, a kitchen, and five toilets, while a 6 BHK apartment has 6 bedrooms, a hall, a kitchen, and five toilets.
Salt Lake, known as Bidhan Nagar, is one of Kolkata’s planned satellite towns. It is also the city’s IT hub. The municipality of Bidhan Nagar is located in North 24 Parganas. The territory is divided into sectors I through V and then into blocks. It is a well-developed neighborhood on the city’s northeastern outskirts.
Other well-known areas nearby are Salt Lake City, Kestopur, Lake Town, South Dum Dum, Baguiati, and Ultadanga. Much is horizontal construction, like detached homes and modest apartment buildings.
Salt Lake City is well-liked because it offers the best commercial and residential space. This area is always in high demand from prospective homebuyers from India and abroad because it has a wide range of residential units and upgrades with all necessary infrastructure. For many years, Salt Lake City observed the expansion of Kolkata’s real estate.
Are you looking for a home in Salt Lake City? An area with easy access to local hospitals and schools, good connectivity, and appropriate surroundings.
Reasons for investing in Salt Lake City in Kolkata
Connectivity
The E.M. Bypass links Salt Lake City to southern communities, and state buses connect all major routes. The Netaji Subash Candra Bose Airport and Bidhannagar Railway Station are also nearby and easily accessible via all forms of public transportation.
Infrastructure
The infrastructure of Salt Lake City is operated and developed by the KDMA (Kolkata Metropolitan Development Authority). It is also close to reputable hospitals, educational institutions, shopping malls, amusement parks, restaurants, retail spaces, and banks. Upcoming metro railways are also contributing to the growth and demand in this sector.
Landscape
Salt Lake City has all the nearby areas, such as the city center, and it’s enriched with residential units like independent bungalows and top-notch flats with all the amenities where people want to live their most comfortable lifestyle. Because it has the most reasonably priced residential flats and rental apartments, this area supports working professionals and students from other states. The most convenient location for living is there, and property values are rising. The region is split into several sections, including Salt Lake Sectors 1, 2, 3, 4, and 5. Sector 5 business centers support working professionals, whereas the other sectors have housing options for all demographics. The New Town and Rajarhat are both the closest to this location.
IT Hub
The numerous office buildings in Salt Lake City house all the top IT centers, including Tech Mahindra, Genpact, HCL Technologies, Siemens, TCS, and Wipro. While there is severe A-grade office space in cities like Bangalore, Chennai, and Mumbai, Salt Lake City has a sizable area for providing commercial spaces that are highly regarded by reputable technical players from India and abroad.
Places to Visit in Salt Lake, City Kolkata
Mother’s wax museum
It is known as the Madame Tussaud’s of Kolkata. It has gained popularity among both locals and visitors. Taking pictures next to life-size models of various personalities is entertaining. You’ll find wax statues of freedom fighters like Mahatma Gandhi, Subhas Chandra Bose, Jagdish Chandra Bose, Rabindranath Tagore, Kazi Nazrul Islam, singers such as Manna Dey, Lata Mangeshkar, and Kishore Kumar, actors such as Shahrukh Khan, and Salman Khan, sports legends like Diego Maradona and Sachin Tendulkar, and hugely popular movie characters including the likes of Harry Potter, Jack Sparrow, or the entire Avtar ensemble.
Eco Park
Eco Park is Kolkata’s largest park and offers a variety of exciting activities. If you come here the next time you’re looking for something to do, your day will be planned. You can play on trampolines, go biking or boating, take a toy train or even a buggy tour of the entire park, or just try to do it on foot. There is a sizable body of water where you can go kayaking, speed boating, and water and land zorbing. You can also practice ice skating, archery, and rifle shooting. A few cafes and restaurants are located within the park’s grounds where you can get a quick snack.
Central Park
Central Park, situated in Salt Lake City, is a beautiful green space. There is a trail that resembles a forest in the park that is practically unheard of elsewhere. It is a peaceful area, ideal for a stroll. When strolling, keep an eye out for a beautiful sunrise. The park is built around a sizable lake that offers boating access. Central Park is stunning with its never-ending, enormous, lush green lawns and variety of wildlife. Numerous aquatic birds, including egrets and lesser whistling ducks, live there. It also has some themed gardens, including a vibrant butterfly garden and a well-kept rose garden.
Salt Lake Stadium
Vivekananda Yuba Bharati Krirangan (VYBK), also known as Salt Lake Stadium, is a multi-use stadium in the Salt Lake neighborhood of Bidhannagar, with an 85,000 capacity. According to seating capacity, it is India’s second-largest stadium. There is nothing like enjoying a football game here. Everything is beyond anything you may have encountered, including the mass, the hollering, and the snacking.
Things to do in Salt Lake City, Kolkata
Get away with virtual reality.
Nothing’s better than VIREL if you are bored and want to escape into the virtual world. With their head-mounted display and special effects, VIREL, or virtual reality entertainment and leisure gaming cafe in Salt Lake, will ensure you experience the adventures of the closest possible reality with zombies, space monsters, and even army expeditions. This may become your favorite spot to hang out with friends and engage in new-age adventures.
Shopping
Salt Lake is one of Kolkata’s best shopping destinations when looking beyond the city’s vibrant market scene. The AMP Vaisakkhi Mall and City Center Mall are in Salt Lake City. Both of these malls offer many different establishments for a satisfying shopping experience. The food court and other restaurants also
offer delectable fare. While hanging out with your friends, watch a movie at the theater, play video games at the arcade, or just window shop.
Eat at the top international restaurants.
Since Salt Lake is one of Kolkata’s affluent neighborhoods, it makes sense that there are excellent restaurants there and nearby. Kolkata’s oldest and most popular Bengali restaurant is at 6 Ballygunge Place in Sector 1. You get to eat in a heritage bungalow over a century old, with walls covered in images of Calcutta. When in Salt Lake City, you should also check out Oudh 1590. This restaurant offers some of the best Mughlai food in the city and has an old charm.
Weekend Celebration
This neighborhood holds some of the city’s hottest new bars and nightlife venues. It’s only natural to want to end your day with some drinks and good music on the weekend. Raize the Bar has a microbrewery with four different types of craft beer. The venue’s large dance floor and live music are an excellent choice for a fun evening. You can also watch sports and mingle with a lively crowd. Check out our 10 Downing Street and Backstage pubs for guaranteed top-notch music, food, and drinks.
Communities to purchase residential flats in Salt Lake City
Ideal Aquaview, Salt Lake
Type of flats: 2, 3, 4 BHK Area per flat: 1050-1950 sq. ft.
Ideal Aquaview is a beautiful residential community in Salt Lake City, Kolkata. It is a well-planned society with all of the necessary amenities. This property is part of an integrated township that encompasses 9 acres. In terms of the surroundings, it is very well maintained and clean.
The Ideal Aquaview is outfitted with all the modern amenities and facilities required to live a comfortable lifestyle. For the convenience of its residents, amenities such as a banquet hall, jogging and strolling track, outdoor tennis courts, flower gardens, guest accommodations, a kid’s play area, a library and business center, a meditation area, and multipurpose courts are available.
2. Karunamoyee Housing Society, Salt Lake
Type of apartments: 2, 3 BHK Area per apartment: 680-1100 sq. ft.
Karunamoyee Housing Society is a well-thought-out residential development in Salt Lake City. It is a large-scale housing society of the highest quality. The proximity to major public infrastructures such as malls, educational institutions, and hospitals is the highlight of this society. It is also close to top consulting and IT firms in Salt Lake, which form the economic backbone of Kolkata.
Karunamoyee Housing Society provides basic amenities such as a clubhouse, security, maintenance staff, and a kids club to its prospective residents to offer comfort and convenience.
3. Sourav Abasan, Salt Lake
Type of apartments: 2, 3 BHK Area per apartment: 892-1100 sq. ft.
One of Salt Lake City’s most aesthetically pleasing residential communities is Sourav Abasan. It is a relatively compact property with a 1-acre lot. The location is peacefully surrounded and designed to offer comfort. Sourav Abasan provides affordable residential apartments. Especially given the low cost of the housing.
This society includes all the amenities and facilities required for a simple modern lifestyle, such as a lift, reserved parking, security, visitor parking, maintenance staff, flower gardens, power backup, waste disposal, jogging, and a strolling path, to name a few.
4. Sun Helios Mansion, Salt Lake
Type of flats: 1, 2, 3 BHK Area per flat: 464-1458 sq. ft.
Salt Lake City’s Sun Helios Mansion is a top-notch housing complex. This magnificent residence has been thoughtfully constructed and equipped with all the contemporary amenities required for a relaxed and comfortable lifestyle. As the name suggests, Sun Helios Mansion apartments are light and get a lot of sun during the day. It is also well-ventilated and airy.
To give potential residents a convenient place to live, Sun Helios Mansion includes amenities like a 24-hour water supply, 24-hour power backup, CCTV surveillance, covered parking, indoor games, a landscaped garden, a lift, a party area, rainwater harvesting, and security personnel.
5. GPS Meena Avalon
Type of flats: 2, 3 BHK Area per flats: 902-1387 sq. ft.
GPS Meena Avalon is a residential society located in Salt Lake City. The many benefits of this property make this house a fantastic choice. It is enhanced by a prime location, a luxurious lifestyle, top-notch amenities, and healthy surroundings, making it even more alluring and impressive. The interiors are equally stunning due to the designer tile flooring, granite countertops, contemporary sanitary fittings, and large windows for adequate lighting.
GPS Meena Avalon offers a variety of facilities, including a landscaped garden, earthquake resistance, CCTV surveillance, a gym, a play area, a lift, a clubhouse, parking, fire safety, a jogging track, 24-hour power backup, drainage and sewage treatment, table tennis, security, and 24-hour water supply. In addition, suitable security equipment is installed to guarantee the residents’ safety every day, every week.
In Kolkata, the residential realty market shows an amazing recovery in housing sales. This happened after the pandemic-induced lull over the last two years. Kolkata registered the second-highest number of property registrations in July 2022 in terms of home sales. After the comeback of Kolkata’s realty market, the state government founded various sops to encourage fence-sitters to enter the market. The city saw an excessive hike in property registrations in August 2021, recording over 7,300 property registrations. Although, it happens after two years of the pandemic. Nowadays, Kolkata and its suburbs recorded a flow in July 2022, indicating an upsurge in property registrations by 124% YoY. Therefore, propertywala shares every factor about Kolkata hiked 124% of registrations in residential property.
Some key facts regarding Kolkata hiked 124% of registration in residential property:
According to the transactions in July 2022, nearly 49% of the total registrations are in the 501-1,000 sq. ft. range. Units with a floor area of 1,001 sq. ft. or more account for only 25% of the total pie. The share of smaller branches up to 500 sq. ft. is 26%.
As of July 2022, about 6,700 sale documents were registered compared to July 2021, recording a growth of Kolkata hike 124% YoY registrations in the property.
Since July 2021, Kolkata has recorded the registration of about 50,900 properties in a year.
However, among all the zones in Kolkata regarding property registration, the northern and southern belts saw the maximum interest among homebuyers and succeeded in maximum sale conversions in July 2022.
Conclusion :
According to Shishir Baijal, Chairman and Managing Director, Knight Frank India, “Although home loan rates have increased recently in Kolkata. So, there has been a strong home-buying trend in July 2022. This supports the idea that there is a latent demand for homes that will move the residential market with the right growth.” This high growth is a result of the importance of benefiting from the lowest stamp duty before the rebate period closes. When the stamp duty rate cut ends by September 2022, the industry committed that the sales momentum will continue. Thus, in light of the low stamp duty charge, many home buyers are looking for property purchases and registrations before any further rise in home loan interest rates.
With Kolkata residential market still trying to rise from the after effects of demonetisation, developers have started applying their tricks to attract more and more customers by offering them innovative schemes.
The price protect schemes that were launched recently with the budget, in which the interested consumers would enjoy the benefit in case there will be any decrease in property rates, have helped in increasing the demands by 15% after the two months that followed the demonetisation.
Jitendra Khaitan, CMD of pioneer Property Management Ltd. Have stated that the Market is facing a positive growth and that approximately 50% hike in queries is expected along with a hike of 10-15% in actual sales. However, the price protect scheme is temporary, it will still effect the market majorly and increase the real estate market to a great extent in profit.
Khaitan also put out the word that these schemes are highly helping the market recover from the downfall after demonetisation. After the demonetization struck the nation there was almost up to 40% drop in queries and sales of homes in and around Kolkata as buyers waited for a fall in real estate prices.
West Bengal government plans to allow the real estate builders to resume their construction works which have been barred for last six months. Earlier the West Bengal government had prevented West Bengal real estate builders from building townships in West Bengal. Continue reading →
The higher financial stress of the Government makes them think of selling or leasing of the surplus land. This will provide more land for construction in metropolitan cities like Delhi, Kolkata, Mumbai and other such notable cities of India.The decision will boost the real estate growth. Realty firms are sure to cast their hawk’s eye on this land and make the profit out of it. Continue reading →
