Tollygunge, Kolkata

Overview

The Tollygunge locality in south Kolkata is located to the east of Behala. It is a premium locality which experiences rapid development and is the center of the Bengali Film Industry. The locality is well connected by roads and transport networks such as metro, buses, auto-rickshaws, and taxis. The major neighborhoods here are Tollygunge Phari, Kudghat, Ashok Nagar, Regent Park, Moore Avenue, Ranikuthi, Netaji Nagar, Bansdroni, Naktala, Golf Green, and Haridevpur.

The region is well developed with many options for shoppers and leisure seekers alike in the form of malls, parks, and multiplexes. ATM machines are found all across the locality, as well. Hospitals, both private and government-run are found in ample numbers here. The road and rail network increases the connectivity of the region to a great extent.

Key Projects in Tollygunge :

Connectivity and Transit Points

Mahanayak Uttam Kumar metro station, a major stop in the Kolkata Metro system, is located in this region. Government-run buses are available at all major bus stops in the region. The major highway in this region is NH-117. Auto-rickshaws and taxis are available for hire in ample numbers in the region.

Lake Gardens Station and Tollygunge Station are the main railway stations in the region from where most intercity trains can be boarded. Furthermore, the Howrah Junction Railway Station is 10 kilometers from the city and has many interstate train routes.

Netaji Subhas Chandra Bose International Airport has located about 22 km from the Tollygunge area. It is one of the two major international airports operating in the state of West Bengal. The airport has both domestic and international flights. International destinations include direct flights to the Middle East and major destinations throughout Asia.

Major Landmarks

Tollygunge Club

Royal Calcutta Golf Club (RCGC)

ITC Sangeet Research Academy

Indrapuri Film Studio

Technicians Studio

Movietone Studio

Dasani Studio

Swetambar Gujarati Jain Temple

Karunamoyee Temple

Sadhu Taracharan Asram

West Bengal Police Telecommunication Headquarters

Factors for Growth in the Past

Tollygunge can attribute its growth to the fact that the Bengali film industry is centered in this region. The area has many studios and media-related ventures. This brought investment into the region and helped develop the existing infrastructure of the area. The booming film industry also created many job opportunities in other economic sectors, which resulted in huge population flow into the region and was capitalized by real estate developers who moved in and accelerated the pace of residential and commercial project development in Tollygunge by bringing in malls, hospitals, and educational institutions.

Factors for Growth in the Future

With Tollygunge being the focal point of movies in India, it receives a lot of attention from developers. Lots of projects have been developed, while many are under development. Tollygunge enjoys close proximity to major regions in the city, and its value in term of real estate is expected to rise considerably.

Eden group, Verdant Group, Cosmic Realty Limited, Capricorn Group, Simple Housing Projects (P) Ltd., Nilima Construction, and R. B. Realtors are some of the major developers in the region.

Residential & Commercial Market

Tollygunge apartments, which occupy the largest share of the real estate market, have seen a rise in property value since 2009. Earlier (in 2009) it was available at Rs 2,800 per sq. ft. but the average property prices currently (Q2 2014) are about Rs 4,700 per sq. ft.

Builder floor apartments in Tollygunge is the second largest property type and is valued at Rs 4,400 per sq. ft. in the same quarter. Residential houses, on the other hand, stood at Rs 4,850 per sq. ft.

Commercial spaces have seen minor fluctuations across quarters from 2012 and are available on rent at Rs 26 per sq. ft. in the second quarter of 2014.

Major Challenges

Tollygunge receives heavy traffic on a daily basis, which affects the air quality of the region. Furthermore, certain parts of the city are extremely crowded.