EM Bypass Overview
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The Eastern Metropolitan Bypas (EM Bypass), one of the major roads in Kolkata. It was designed like a bypass on the eastern side of Kolkata to lessen the constant traffic congestion on the entire stretch of Gariahat Road. This, along with moving sig...nificant parts of public and private offices to Bidhannagar is deemed necessary to maintain the future growth of Kolkata.
The city’s 21 km EM Bypass connects the northern hub of Ultadanga to Kamalgazi in the south. Many residential and commercial establishments are coming up along this stretch. One of prime reasons for its popularity is its proximity to malls, 5-star hotels, education institutions/universities, hospitals, schools, metro rail, etc. The property appreciation of real estate is very high. All this with lots of greenery around and new well planned houses surrounding you. The best thing about the place is that it is also within 3 Kms radius of prime locations of South Calcutta.
Residential apartment price starts from Rs 3500 per sq ft to Rs 7000 per sq ft and average apartment price in this locality is Rs 5500 per sq ft. The ROI 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 10 % to 20% returns annually.
Average land prices are Rs 2000 per sq ft. Major builders in this area includes: Urbana Group, Lord Group, Ruchi Realty, Eden Group, Trans Concrete, Ganguly Group, Sukriti Realty, Royal Group, 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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