Project in Focus: Mani Casa Residency, Kolkata

New Town is a fast-developing satellite city of Kolkata and an emerging real estate hotspot. The growth of commercial hubs and residential projects in the affordable price range are the key selling points of this locality. To fulfil the growing demand for real estate in New Town, Mani Enclave is constructing a project Casa Residency here.

PropGuide discovers more features of this premium housing property:

About the property

Situated close to the East-West Metro in Kolkata, Mani Casa Residency is an under-construction project with residential and retail spaces. There are 176 units of 2BHK and 3BHK apartments available in unit sizes varying between 1,081 sqft and 1,551 sqft. It was launched in May 2017 and the possession is likely by 2020. The gated community, with ample greenery and parking spaces, spans over an area of 1.32 acres and is a part of a 13-acre mixed-use plot. It offers several luxury amenities including:

*An air-conditioned community hall

*An indoor-games cum library

*A swimming pool with a kids' pool

*A crèche

*A cafeteria

*An open sky fitness area

*A shopping mall

*A rooftop party zone

*An internal, external fire hydrant system

*An ION filtration plant

The developer

Shivom Realty is a successful real estate developer in Kolkata. With over a decade of industry presence, it has a vast experience in developing residential projects for affordable living as well as contemporary designer apartments, along with commercial spaces.

The neighbourhood

A part of Rajarhat, New Town is around 12 kilometres towards northeast of Kolkata. It has around 275 projects in the locality which are in different stages of construction. Many IT and business hubs, and prestigious educational institutions are in the vicinity. The area has been listed under the government's smart cities mission and has dozens of affordable housing projects available for homebuyers.

Infrastructure and connectivity

The area is well-connected to other parts of Kolkata via several arterial roads. While auto rickshaws, taxis and local buses provide local connectivity, there is a proposed Metro connectivity, too, for this locality. The Netaji Subhash Chandra Bose International Airport is only four kilometres away.

New Town presents an urban lifestyle with quality social infrastructural facilities such as renowned hospitals, recreational hubs, water parks, shopping malls and amusement parks. Corporate offices of renowned companies like Wipro, Cognizant, TCS, Unitech, DLF, Tech Mahindra, IBM, Genpact and Hewlett-Packard is situated nearby whereas St. Xavier's University, Presidency University and Rabindra Bharati University are some of the institutes located here.

Average price in the area

Residential properties in New Town have an average capital value of Rs 3,572 per sqft. Apartments for sale in Mani Casa Residency are priced between Rs 55.9 lakh and Rs 80.3 lakh.

PropGuide's verdict

New town is seeing improvement in its physical infrastructure and connectivity to other parts of the city. Thus, the project is a perfect buy for working professionals, families and investors eyeing the city fringes.