Situated along the Netaji Subhash Chandra Bose (NSC Bose) Road in South Kolkata, Bansdroni is a residential locale surrounded by Netaji Nagar, Garia, and Tollygunge. The micro-market has received considerable residential traction over the last 3-4 years on the back of seamless connectivity and affordability. The average capital values in Bansdroni hover at Rs 3,300-4,000 per sq ft.

Bansdroni in South Kolkata comes under the jurisdiction of Kolkata Municipal Corporation (KMC). It is well-connected to prominent employment hubs, such as BBD Bagh, Park Street, Bhawanipur, and Camac Street, which fuels the rental housing demand in the locality. While BBD Bagh is 14 km via the Shyama Prasad Mukherjee Road, Bhawanipur is at a distance of nine km via NSC Bose Road. Raja SC Mallick Road and EM Bypass Road are some other major thoroughfares serving the locality. The IT hubs of Salt Lake Sector V and New Town are also conveniently accessible from Banasdroni via NH-34. These are located at a distance of 19 km and 23 km, respectively.

In terms of rail connectivity, Bansdroni offers a hassle-free commute via the Blue Line Metro. The locality has a dedicated metro station, namely Masterda Surya Sen Station.

Residential landscape

Residential development in Bansdroni majorly comprises apartment complexes and independent houses. Together, these account for over 75 percent of the inventory available for sale (Source: 99acres). Vishnu Regency, Verdant Orchid, Central Enclave, and Raghuvar Residency are some of the known residential projects in the locality. Over 60 percent of the inventory in Bansdroni is 2 BHK properties. The locality also boasts an equal share of 2 BHK rental accommodations followed by 3 BHK properties.

Residential projects in Bnasdroni, Kolkata

Project name

Configuration

Budget

Possession

Neo Imperial

1-4 BHK

Rs 28 lakh onwards

Jul 2023 onwards

Niranjan Apartment

2 BHK

Rs 30 lakh onwards

Ready to move

Capricorn Springfield

2,3 BHK

Rs 48.5 lakh onwards

Ready to move

Sunirman Twins

2,3 BHK

Rs 44 lakh onwards

Ready to move

Garden Green Apartment

2 BHK

Rs 30 lakh onwards

Ready to move

                                                                                                  Source: 99acres

Capital and rental trends

The average home rates in Bansdroni hover at Rs 4,020 per sq ft, which are quite affordable as compared to the neighbouring localities of Binoy Pally and Ballygunge (Source: Broker information and 99acres Insite Report Apr-Jun 2021). Property prices in Bansdroni have reported a nine percent increase in the last five years, from Rs 3,740 per sq ft in Apr-Jun 2017 to Rs 4,080 per sq ft in Apr-Jun 2021.

Property prices in Bansdroni, Kolkata

Locality

Average property rates

QoQ Change (Q1 2021 vs Q2 2021)

YoY Change (Q2 2020 vs Q2 2021)

Bansdroni

Rs 3,300-4,080 per sq ft

2%

11%

                                                                         Source: Kolkata Insite Report for Apr-Jun 2021

While capital rates have increased by around 11 percent since last year, rental rates have come down from Rs 15 per sq ft in Apr-Jun 2020 to Rs 14 per sq ft in Apr-Jun 2021. This is primarily because a large number of employees working in the IT/ITeS firms close to the locality have moved to their hometowns amid the COVID-19-led lockdown. A 1 BHK property in Bansdroni is available for rent between Rs 3,800 per month and Rs 5,000 per month. Mid-sized 2 BHK and 3 BHK flats can cost up to Rs 10,000 per month and Rs 19,000 per month, respectively.

According to Subrata Roy, Proprietor, Nirmaan Udyog, Kolkata, “Bansdroni is emerging as a popular locality majorly due to its metro connectivity and proximity to employment hubs. A 1 BHK unit, measuring 450-500 sq ft, can cost up to Rs 22 lakh in Bansdroni and a 2 BHK flat, measuring up to 800 sq ft, is available at a price ranging between Rs 45 lakh and Rs 50 lakh. Over 70 percent of the demand in this locality is for 2 BHK properties.”

Social Infrastructure

Several known schools and hospitals are located within a 5-6 km radius of  Bansdroni. These include Naktala High School, Maharishi Vidya Mandir School, GD Birla Centre, IRIS Multispeciality Hospital, AMRI Dhakuriaand MR Bangur Hospital. Max Fashion, Big Bazaar, and South City Mall are a few major retail outlets nearby catering to the recreational and shopping needs of the residents. 

Investment potential

“Once the market resumes stability, property prices in Bansdroni are expected to increase at the rate of 10-15 percent in a couple of years. The locality is anticipated to gain due to the development of social conveniences, such as shopping complexes and markets nearby. Also, electricity and water facilities are now being well taken care of in this locality,” says Subrata. On the flip side, narrow lanes and vehicular congestion remain a cause of concern for the inhabitants of Bansdroni. Lack of developable land parcels for new development is another challenge that the buyers might face here. Keeping all these factors in mind, it can be said that Bansdroni is suitable for investment rather than end-use purposes at present.  A buyer willing to purchase a property in this locality is advised to seek expert guidance from a local real estate agent before signing on the dotted line.