Rajarhat is a fast-growing planned satellite city located near Kolkata in the North 24 Parganas district of West Bengal. Also known as New Town, Rajarhat is filled with lush green beauty, unlike urbanized Kolkata, and one can say it is an eco-friendly town.
Rajarhat is not just a residential town but also a commercial space. Real estate in Rajarhat owes its growth to its close proximity to Kolkata’s business district. The real estate in this locality is booming, many buyers are encouraged to buy a flat here. Rajarhat has major hospitals, malls, parks, clubs, 5-star hotels, etc. Another factor to encourage property investors is the proposed Metro connectivity that is currently in under construction. Proximity to the airport, access to major business hubs and a green locality is increasing the demand for residential property.
Most developers are offering 2BHK and 3BHK units to cater to the huge buyer demand. Residential apartment price starts from Rs 2500 per sq ft to Rs 5200 per sq ft and average apartment price in this locality is Rs 3800 per sq ft. The ROI (Return on Investment) has witnessed an increase of 5% Q-O-Q. This locality has excellent potential for growth and ROI, and investors are likely to see between 15 % to 20% returns annually.
Average land prices are Rs 1800 per sq ft. Major builders in this area includes: Rameshwara Group, Siddha Group, MB Construction, Magnolia Infrastructure, GM Group, Loharuka Group, Rajat Homes, etc.
For Less than 25 Lakhs property, The Stamp Duty is 6% and Registration Fees are calculated at 1% and If the property value is more than 25 Lakhs, The Stamp Duty is 7% and Registration Fees are calculated at 1.1% of the total value of Sale Deed.
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