Bengal Peerless Launches Avidipta Phase II

Bengal Peerless Housing Development Company Ltd, one of the leading real estate developers of Eastern India today unveiled Avidipta Phase II, India’s most affordable tall sky scrapper luxury housing and the tallest tower on EM Bypass. In the current real estate scenario, a greater number of buyers are getting attracted towards luxury housing. The buyer mix includes local HIG’s and also a good number of NRI’s. Kolkata in recent times has witnessed a boom in the luxury housing segment with projects like Trump Tower, Atmosphere, Tata Housing at Alipore&The 42. Kolkata has 3rd highest HNIs in India with net asset of USD 1 million or more, as per The World Wealth Report 2017. The City of Joy, Kolkata, has reported 9,600 millionaires, more in number than major cities such as Bengaluru (7700 millionaires), Hyderabad (9000 millionaires), Pune (4500 millionaires) and Chennai (6600 millionaires). According to market study, the luxury housing segment in Kolkata has huge potential and will be a major focus amongst all the real estate developers. Avidipta II is situated at E.M Bypass and is in close proximity to all international hotels, renowned hospitals, education institutes and entertainment zones. It is well connected with all major landmarks and will provide easy connectivity with the proposed metro. The project will consist of two 47 storied towers and it will be the tallest tower in EM Bypass. The project will comprise of total 330 numbers of units including 3BHK and 4BHK rooms with an estimated area of 2.63 acre. It will be India’s most affordable luxury housing project with prices below Rs 10,000 per sq ft. The approximate price range of each apartment will be within Rs 1.54 crore to Rs 2.50 crore. The initial investment of this project is around Rs 200 crore.