Project Of The Week: Megh Mani, E M Bypass, Kolkata

Kasba, a residential locality in Kolkata, has gained popularity among home buyers due to proximity to prominent business areas in the south of the city. Not just end-users, good connectivity, reputed educational institutions, banks and good healthcare facilities, make Kasba a great location for investment, too. Moreover, the locality also has a good liveability index.

Looking at the positive growth of the locality in terms of both infrastructure and real estate, Mani Group has launched its residential project, Mani Group Megh Mani in Kasba.

PropGuide takes a look at what makes Megh Mani, our project of the week:

The project

Mani Group Megh Mani is an under-construction project in Kasba. This 1.5-acre residential project offers apartments that are three-side open and are Vastu compliant. The project has a gymnasium to workout, landscaped gardens to take a walk, a swimming pool for fun-filled family time, a children's play area, a club house and a jogging track for indoor and outdoor sports. It also offers basic amenities including an intercom facility, 24x7 security system and car parking area. Along with this, an elevator, maintenance staff and power backup facility adds to the convenience of the residents. The total number of units are 108 which will be ready for possession by December 2019. These can be purchased from the developer.

The locality

Kasba is one of the promising residential real estate destination in Kolkata. It is chosen by investors as it is located close to major business areas in South. It enjoys demand from working professionals. Along with this, the locality enjoys popularity because of a well-established social infrastructure:

Key thoroughfares: EM Bypass road

Educational institutions: Public School, Lake View High School, Mahadevi Birla Shishu Vihar, Garden High School, South Point High School, National High School for Boys, Modern High School for Girls and Army Public School.

Hospitals: Fortis Hospital, Pulse Diagnostics Pvt. Ltd., Ruby General Hospital, Apollo Gleneagles Heart Centre, B.M Birla Heart Institute Research Centre and B.P Poddar Hospital & Medical Research Ltd. 

Bank branches: State Bank of India, Bank, Indian Bank, HDFC Bank, Corporation Bank and Federal Bank

Shopping malls: Emami Shopper City, the Metro Plaza Shopping Mall, Dakshinapan Shopping Complex

Tourist attraction: Science City, Victoria Memorial, Millenium Park, Armenian Church, Indian Museum,  Marble Palace, Rabindra Sarovar and Birla Planetarium.

Nearest airport: The Netaji Subhash Chandra Bose International Airport, 22.5 kilometres from Kasba through State Highway 1.

Nearest railway station and metro station: Junction Railway Station and Rabindra Sadan Metro Station.

Growth prospects

In the last 43 months, property prices in Kasba have increased by 17.4 per cent. Thus, the locality is good even from an investment point of view.

The price

The 3BHK apartments in Megh Mani with an area of 1,722 sq ft are priced at Rs 1.16 crore and with an area of 1,734 sq ft are priced at Rs 1.17 crore. The price of 4BHK apartments is Rs 1. 41 crore.

The developer

Mani Group comes up with an experience of 36 years. The group has successfully completed 20 projects. It is looking forward to develop 11.26 million square feet in the coming times.

PropGuide verdict

Overall recommendations

Kasba is a good locality with seamless connectivity. Megh Mani is a good project in the locality considering the competitive and future prospects of the locality.