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Rental Property in Kolkata

The capital of west Bengal, Kolkata is considered in considered having one of the cheapest rental markets in India. The real estate sector of Kolkata is fast developing because of the large number of housing and commercial construction booms that it has experienced in the last 5-years. A politically and commercially active place, Kolkata has a vibrant commercial market with the several shopping and wholesale centers located throughout the city. The towns and suburban places surrounding Kolkata has also witnessed tremendous growth when rental property in Kolkata is considered. With around 8 million people calling the city home, the demand for housing and commercial ownership property is much high than the actual supply. The actual sufferers are the middle-income group and the poor lot who do not have the basic necessities being fulfilled in the state. It is for this crowd particularly that the rental homes in Kolkata are most welcoming accommodations. 

 

Accommodation in Kolkata

 
People who have migrated from other states to Kolkata also find the rental accommodation in Kolkata a much easier thing to avail. The same strategy applies for students and professionals who are part of the state. They can easily find out an accommodation of their choice and budget. If you are new to city and finding it hard to locate a house in your chosen destination contact the housing agents and brokers in Kolkata. In no time you will have a myriad of options within the city limits. Those who are looking out for cheap rental homes in Kolkata, North Kolkata would be apt for you. Rich in culture and draped in historical and religious significance, North Kolkata has old buildings and new ones too. You can easily find a two-bedroom flat with a budget of Rs 4,000 in the ground floor of a building. 
 
There are few buildings that are owned and maintained by the Calcutta Municipal Corporation and they very much have low-cost accommodation for the lower-income group. They might cost Rs 700-Rs 1,500 per month only. Other standard rooms are available between Rs 3,000- Rs 4,500. However, North Kolkata has places that also have apartments costing Rs 9,000-Rs 15,000 on rent. They are mostly located near the Netaji Subhas Chandra Bose International Airport and the IT-hub Salt Lake City. There are several housing and commercial projects like Sankalpa and ONGC Green Home coming up in Rajarhat New town area which are likely to be priced high. 
 
The rental value in Kolkata has however shot up rapidly in recent years and it is due to the development and extension of metro rail services throughout the city that is going to be enforced since 2014. South Kolakata, particularly Jadavpur and Tollygunj registered a hike in prices by at least 15 per cent. 
 
Rental property zones in Kolkata
 
The rental property in Kolkata is available throughout the city for both housing and commercial purpose.
 
Places in Kolkata Prices of homes on rent in Kolkata
Central Kolkata Rs 9,000-Rs 30,000
East Kolkata Rs 8,000-Rs 18,000
North Kolkata Rs 3,000 onwards
South Kolkata Rs 4,500 onwards