In the past few years, Joka has emerged as the new hub for residential developments in Kolkata. Joka falls under the South-West part of Kolkata, an area that has shown tremendous scope for real estate development, attracting developers to launch some extremely exciting projects for potential buyers.

South Kolkata is a booming real estate market in Kolkata, currently. Areas such as Narendrapur, Sonarpur, Tollygunge etc. are having a good run in the market. However, Joka remains the preferred pick and has significantly contributed to the residential sales figure volume in Kolkata.

Many reasons can be attributed for the boost in Joka’s residential real estate market.

Excellent connectivity and transportation

Joka is seamlessly connected with the rest of Kolkata, courtesy the ready availability of all major transport networks, such as busses, cabs or taxis, pulled rickshaws, e-rickshaws and auto rickshaws. Diamond Harbour Road and James Long Sarani connect Joka to other areas. Widening of Diamond Harbour Road (NH 117) is also contributing to better road connectivity.

Joka’s strategic location also gives seamless access to Sealdah and Howrah rail network and Dumdum Airport, along with other major business hubs and National Highways.

The announcement of a Metro Station in Joka has also added to its connectivity advantage.

Ready supply of real estate and affordable housing

Joka has a ready supply of land which has grabbed the attention of many prominent real estate developers. Not just housing apartments, but individual plots are also selling like hot cakes in Joka. One interesting fact is that the real estate demand is Joka is witnessed from both ends – luxury residences as well as affordable housing, and Joka is catering to both ends of the spectrum effortlessly.

In comparison to the other prominent locations of Kolkata, real estate in Joka is still available at competitive price points. Both existing and under-construction residential projects in Joka are available at lower rates in Joka than other property hotspots. In addition to that, investing in an apartment in Joka is expected to yield good rental returns right now and great price appreciation in the future. Joka is anticipated to witness an average growth rate of 6.65% in rental yield.

Of course, housing demand in Joka is also pushed by those looking for budget-friendly residences. Pandering to such demand, key real estate developers have announced massive projects aimed at affordable housing in Joka starting at Rs. 37 lac onwards. Home-buyers are spoilt for choice as the inventory is expansive and new residential societies come with latest and upgraded amenities and facilities to lure buyers, apart from offering home loan assistance, low booking rates and other exciting offers.

Rapidly developing social infrastructure

A healthy mix of residential, commercial, educational and social developments in and around Joka in the South-West part of Kolkata are adding to the real estate value of Joka. Its seamless access to the CBD of Kolkata like Park Street, Salt Lake and other business hubs makes it a suitable option for working professionals.

Presence of premier educational institutes DPS, Joka, M. P. Birla Foundation, Vivekananda Mission School, K. E. Carmel School, Kendriya Vidyalaya Pailan, Pailan World School and National Gems Higher Secondary School makes it the preferred choice of young couples. IIM Calcutta also adds another feather to its cap.

Healthcare in Joka is within reach, making it a suitable residential option. Super-speciality hospitals namely BMRI Hospital, Bharat Sevashram Hospital, Thakurpukur Cancer Hospital & Research Centre among others add to the availability of the A-grade healthcare facilities in Joka.

There is no dearth of malls, markets in Joka. Buy a flat in Joka and explore multiple avenues of leisure and recreation. Apart from local markets, Joka is home to Reliance Trends, Thakurpukur, Deluxe Mall (Upcoming), Bazar Kolkata, Amtala, Pailan Bazar, Thakurpukur Bazar & the upcoming Genexx Mall. Science City and Nicco Park are easily accessible via Diamond Harbour Road.

Besides these factors, new developments in Joka are planned keeping health and safety parameters at the core. Vast green open spaces, indoor and outdoor fitness zones, multi-tier security, abundant amenities and the opportunity to expand your social circle make buying a new residential property in Joka a smart move.

As Joka continues to be the current favourite of home-buyers and developers, more and more innovative ventures are likely to sprout in the area making it lucrative for affordable housing as well as luxury living.

Check out these properties in Joka - Godrej Seven and PS The 102 - and make an asset in the current hotspot of Kolkata residential market.