Project Watch: Siddha HappyVille, Kolkata

If you are planning to buy a property in Kolkata, Siddha Happyville might be the right choice for you. Situated near the Rajarhat Choumatha, the project is located in a residential neighborhood where several residential and upcoming flats for sale in Kolkata are also present. The area is known for its greenery and quietude. Let's find out more about the project.

Siddha HappyVille is located amidst greenery and quietude

The product

Siddha Happyville is spread over an area of 10 acres. This residential project in Rajarhat offers 672 apartments of 2BHK and 3BHK configurations. These units are available in differently sized built up areas ranging between 910 and 1,445 sq.ft.  The complex is surrounded by extensive greenery and green fields. The tranquil environment is in complete contrast to the chaos of city life. Quality fixtures and fittings and materials are used to build the project. Some amenities provided by the builder are:

• Gymnasium
• Swimming pool
• Rain water harvesting
• Landscaped gardens
• Amphitheater
• Library cum lounge
• Recreation facilities

The builder

Siddha Group was established in 1986. The developer has a strong presence in Jaipur and Kolkata and is known for developing commercial and residential projects in India. A few properties that the builder has developed in Kolkata are Galaxia 2, Eden Lakeville and Siddha Town. Based on an analysis of the real estate reviewers, Siddha Group is a reliable builder and it enjoys the trust of the investors and the buyers.

The locality

Rajarhat New Town is a fast growing suburb of Kolkata, and the area is witnessing rapid growth of residential, commercial and corporate establishments. It has all the required civic and social infrastructure. Some of the locational advantages of Rajarhat New Town are:

• Proximity to the commercial belts of Salt lake and Sector 5.
• Important links are the Rajarhat Road and the VIP Road.
• Nearby educational institutions are North Point School, Delhi Public School, Calcutta Public School, BP Poddar Institute of Management and Technology and EuroKids.
• 10-minute drive from City Center-II.
• Netaji Subhash Chandra International Airport is at a distance of 4.9 kilometers.
• Dum Dum railway station is 8.2 kilometers away.

Infrastructure and future prospects

Rajarhat New Town is all set  to become a “green smart city”. Theme-based townships will soon be an option for those who want to invest in Kolkata property. According to the proposed plan prepared by the National Institute of Smart Governance, the city will have an intelligent public transport system, Wi-Fi, underground waste management, sensor centered  surveillance systems, energy efficient street lighting and much more. According to reports of a London-based consultancy firm, Kolkata is one of the fastest growing cities in the world.  Moreover, the city also has space reserved for the upcoming metro rail services station. Currently, there are 312 projects in the locality, of which 139 are ready to move in flats in Kolkata, 146 are under construction properties in Rajarhat, 22 are to be launched soon, two are new launches and three residential projects are on hold.

Price comparison

The apartments in Siddha Happyville are available at Rs. 3,350 per sq.ft., which is lower than the average price of flats in the locality, i.e., Rs. 4,000 per sq.ft. The minimum price listed for property in Rajarhat is Rs. 3,700 whereas the maximum price stands at Rs. 4,400. Property prices have seen a rise of up to 31.4% in the past 24 months. Compared to other properties in Kolkata, properties in Rajarhat New Town is a bit cheaper. The nearby properties such as Rameswara Group Waterview and The Orchid Group Lavanya are priced at Rs. 3,000 and Rs. 3,175 respectively. The extra price that Siddha Happyville charges is justified because of the range of amenities provides is much more than the other two.

PropTiger.com rating

Overall recommendations

Siddha Happyville is a good option for investors as well as the end users, because the price is expected to appreciate in the near future. Moreover, the living experience looks promising; the natural environment and the developing civic and social infrastructure are the added advantages.

For more information, contact PropTiger.com.