There is a boom in the commercial real estate market in Kolkata as it is one of the fastest-growing cities in India. Certain localities have shown immense potential and commercial property in New Town is in much demand. With its vast swathes of business centres, New Town boasts of well-developed infrastructure that provides good scope for investment in commercial properties. Also, commercial property in Rajarhat shows signs of robust growth in recent years. Investors looking for lucrative options prefer buying commercial property in New Town that has recorded massive development in the IT sector, with leading global giants and Indian companies preferring to set up base in New Town.

Commercial Property in New Town
Among the best, PS Abacus leads the show as a Grade A business park along a sprawling green stretch with a central landscaped plaza and 65% open spaces. The commercial property in New Town offers 319 offices, 18 showrooms, and a banquet to host events. Located in Action Area II, PS Abacus offers all the benefits of purchasing commercial property in New Town. There are several star-rated hotels in the vicinity to enhance the social fabric of the peripheral locality.

Location
Before focusing on a commercial property in New Town, consider how close it is to the heart of the city, with proximity to the key hubs, access to the proposed infrastructure, and upcoming infrastructure. This area is set to grow for many years, without getting saturated. Hence it is ideal from the point of capital appreciation. Since it is well-connected to the rest of the city, there are large numbers of families and professionals ready to live in the neighbourhood, and many people from distant areas also like hassle-free commute to this place. Commercial property in New Town ticks all the boxes on the high-end location parameter.

Connectivity
The wide network of roadways and the upcoming Metro link from New Garia to the airport spells better connectivity to the entire city. As commercial property is used for business activities, easy connectivity to transportation ensures swift business dealings and improves marketability. Aside from the transport systems, infrastructure, and accessibility to warehouses, the proximity to the airport, railway station, and ports make New Town an ideal place to invest.

State-of-art Amenities
Commercial property in New Town offers a host of facilities and amenities. There is ample two-wheeler and four wheeler parking, multiple elevators across entry and exit points well-stocked dining and cafeteria options, 24/7 power backup, professional security, banquet hall, CCTV surveillance, CFC-free air-conditioners, ample fire exits, and fire hydrant systems in common areas, treated fresh air within the premises, hot and cold water line provision, ample natural light and ventilation, smoke detectors, and sprinklers to enhance the security features of the property.

Quality of building
Customers are influenced when the quality of the commercial property is good. The quality of the building and the reputation of the builder is considered. Even if two buildings are in the same location, the one with better construction quality is sold faster and the rental yield of such properties is high. PS Abacus attracts tenants willing to shell out higher rent for its premium finish. With eight elevators, one A2 tier basement parking facility, and lavish lobbies, the panoramic views, and higher ceiling heights in the lobby are some qualities that fetch higher rent and higher capital appreciation, making it a coveted commercial property in New Town.

Sustainability
Being located in the green zone, with plenty of open spaces and greenery to boost wellness, there is a need to take care of the environment, to keep it clean and green. Sustainable, eco-friendly buildings are the need of the hour. Commercial property in Rajarhat or New Town needs to adopt green construction norms. Energy-efficient lights in the common areas, grid-tie solar power generator, electric vehicle charging points in the parking area, roof tiles with high solar reflective index, low volatile compound paints, sustainable building material to minimize room temperature are some of the green features adding to the value of commercial property in New Town.

Aside from profitability, investors get influenced because the big retail spaces have wide frontage for better display. Customers and employees prefer to walk easily in the congestion-free areas and enjoy the natural splendour along with contemporary facilities. This leads to business development for investors.

Investors seeking commercial property in New Town have to assess several factors and look at the emerging scenario before deciding to invest here. It is easier to attract customers to buy here as this locality is going to be the new business district in Kolkata.