How Metro Connectivity Is Driving Property Market In Joka
Infrastructure and real estate – the two most critical aspects in any developing economy, which when they are effectively set up, together boost the overall development of the economy by enabling convenience, and easy access to schools, colleges, healthcare facilities, malls and multiplexes, gyms, etc. With India being one of the fastest developing countries in infrastructure, the demand for residential property also rises in certain locations.
Kolkata, home to the first metro line in India, saw a rapid growth in infrastructure with every new metro line laid down. And with the Kolkata Municipal Corporation (KMC) allocating a humungous amount of this year’s state budget for the city’s infrastructure, citizens can expect employment, revamped roads and parks, proper waste management and good sanitation.
Micro-markets in south-west Kolkata like Joka have a rapidly emerging real estate market considering its connectivity to the upcoming metro project. Renowned educational institutes like DPS, MP Birla Foundation, IIM Calcutta, KE Carmel School and National Gems Higher Secondary School are present in and around Joka, making access to excellent education easier and more convenient. Furthermore, there is also easy access to good healthcare in the region as medical and diagnostic institutes like BMRI Hospital, ESI Hospital and Bharat Sevashram Hospital are closely connected. Being this well connected to schools, colleges, medical care, banks and markets, only increases the demand for residential property in the area.
What further adds to the demand in residential property in Joka is that this serene town offers the tranquillity one desires after a tiring day at work. By living in such a place, one peacefully coexists with nature. Homebuyers look for a house with the comfort of modern living, away from the bustling of the city, amidst lush greenery. This town is relatively pollution-free and faces very few problems like water logging and drainage. Joka is the new hub-spot for all homebuyers looking for a mix of modernity and nature.
Despite the serenity, accessibility to and from Joka is superlative. This locality is connected by the four-lane Diamond Harbour Road and the four-lane James Long Sarani, which are major southern parts of the city. The main reason for its rapid growth is the development of the Joka BBD Bagh metro route, which has resulted in the rise of residential property. With the metro being a preferred mode of transport amongst the people, this new line connects Joka to other major parts of Kolkata like Esplanade, Howrah and Sealdah.
It didn’t take long for Joka to reposition itself on the map as the next big thing in south Kolkata. It has redefined Kolkata’s real estate landscape, making way for affordable and luxury homes in a small, quaint locality. It takes into consideration innovative ventures like customer’s real need-based residential spaces that promise ‘next-level’ living, giving homebuyers a taste of everything at an affordable price tag.
The article is authored by Amandeep Singh, Business Head West & East, Godrej Properties Limited.