Studio Apartment Project In Kolkata

Setting a good example of how demand shapes supply, even in the real estate sector, a Kolkata-based developer had taken a decision to venture into unexplored territory with the city’s first luxury studio apartment block with full-service back-up.

The city-based Siddha Group will construct a sixty crore rupees dedicated block with three hundred fourteen luxury studio apartments in the Rajarhat New Town area on a 2.5 acre plot neat to the area’s main arterial road.

“I have stay in similar studio apartment in New York and found the demand for similar convenience strong among young buyers and working peoples in the city”, said S. Jain, Siddha’s managing director.The idea was to offer buyers possession with a pain-free maintenance experience and in-house facilities, said Jain.

The project would creat new era because in the Kolkata real estate market, small apartments today stood for low-priced housing with poor construction quality, fittings and finish, said property consultant Arun Jhunjhunwala. Density was synonymous with low income group (LIG) housing in Kolkata.

4 Comments

  1. Posted May 13, 2008 at 1:58 am | Permalink

    Kolkata property market has been growing by leaps and bounds and is today one of the most lucrative investment destinations in the state. The city has attracted around 25,000 crore in real estate over the past two years. This project will provide a huge fillip to Calcutta’s property market. Improvements in the city will pave way for more investments and make the investors feel confident about selling their real estate projects. Kolkata possesses an untouched potential and is likely to see an astronomical growth of 25-30 per cent in very near future.For more view- realtydigest.blogspot.com

  2. Posted May 16, 2008 at 11:25 pm | Permalink

    Yes obviously kolkata is growing state because all the real estae companies are going to be developed the building and malls over there.

  3. s.ghosh
    Posted February 20, 2009 at 9:34 am | Permalink

    send me details of the project

  4. herry
    Posted June 8, 2009 at 5:06 am | Permalink

    kindly send me the details of the project.

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