New Town is a rapidly developing suburb of Kolkata. It is located in North 24 Parganas District of the Indian state of West Bengal and is situated within proximity to the capital city of Kolkata. is an upcoming integrated township which comprises residential localities, commercial centers and corporate complexes. Salt Lake, the biggest commercial area and sector-V, the new commercial hub are also within close proximity to New Town.
Connectivity
New Town enjoys all the benefits of being located close to Kolkata. It is well-connected to Kolkata and its adjoining areas via the VIP Road and Road. It is approximately 12 kilometers to the north east of Kolkata and just 4 kilometers from the Netaji Subhash Chandra Bose International Airport.
Shopping Malls and Recreation
When it comes to infrastructure, New Town is considered one of the best recreational hubs in and around Kolkata. It offers everything ranging from water parks, amusement parks, yoga and meditation centers and picnic areas. Apart from this, it offers endless shopping opportunities and entertainment venues. These include Home Town, Galleria Mall, Axis Mall, Xtra Mall and The Terminus.
Schools and Banks
New Town houses a number of reputed educational institutions. These include Calcutta Public School, North Point School, BP Poddar Institute of Management and Technology, St. Stephen’s School, Public School and EuroKids VIP Road. Several major banks have branches in Rajarhat including State Bank of India, HDFC Bank, Central Bank of India, Corporation Bank, ICICI Bank and Axis Bank.
Hotels
When it comes to accommodation, it is not just the apartments in New Town which have witnessed immense growth in demand; hotels continue to be the most sought-after options for business executives frequenting Rajarhat as well. List of popular hotels include Swissotel at New Town, Hotel Shivangan, VIP Road, King’s Crown Hotel, VIP Road and O2 Hotel and Kazi Nazrul Islam Avenue.
Real Estate in New Town
About 105 projects are currently running in New Town, including successfully completed projects like Sunrise Symphony by Sureka Group, Uniworld Heights by Unitech, Meena Residency by Group and Xanadu Studio by Group. There have been 22 new launches since January 2013 with 3400 new units launched in projects like Essence by Mounthill, Maya by Realtech Nirman and Fusion by Mounthill. The average price of property in New Town is Rs.4000 per sq. ft., the maximum price is Rs. 4,400 and the minimum price is Rs. 3,700 per sq. ft.
