Siddha has excelled in delivering value-for-money projects in the region’s most sought-after areas.
Aayushman Jain,
How is the real estate market evolving in eastern region?
The real estate market in Eastern India, particularly Kolkata, shows promising trends. Factors like stamp duty cuts and a growing middle class are boosting residential demand. The commercial sector in Kolkata has also seen robust growth, both pre- and post-pandemic, due to its attractive ROI, consistently drawing top investors. Siddha Group has steadfastly supported Kolkata's rising middle class, delivering exceptional value through high-quality residential and commercial projects. Our commitment to innovation, superior construction, and strategic locations has solidified Siddha’s reputation as a trusted leader, meeting the evolving needs of customers and enhancing Kolkata's real estate landscape.
What is the demand trend in residential and commercial segments?
Residential demand is shifting towards mid-segment housing and peripheral areas due to affordability and better infrastructure. The commercial sector, driven by the IT/ITES industry, thrives in Kolkata's prime Central Business Districts locations. The retail sector is seeing renewed interest in high-street and mall spaces. Key areas like Sector V, New Town and Esplanade are prime spots for commercial projects. Considering these factors, Siddha has excelled in delivering value-for-money projects in the region’s most sought-after areas, meeting the growing demand and catering to the needs of both residential and commercial clients.
What are the emerging trends in affordable and luxury real estate markets in eastern region?
The demand for affordable housing is significant across the east, with government initiatives and smaller unit options catering to this segment. Luxury housing might see slower growth compared to affordable options, but there’s still a niche market for high-end apartments in prime Kolkata locations.
Which are your upcoming projects and how is the customer demand?
Siddha has recently launched two new projects, Blù at Siddha Sky off EM Bypass & Phoolbagan hosting Kolkata’s tallest Rooftop Skywalk, and Siddha Serena located at the heart of New Town, a well-planned complex where families can unwind at the Iconic swimming pool, garden sunken seating or at the residential club filled with modern amenities. Demand in New Town has surged due to its meticulous planning, offers a perfect blend of commercial and residential buildings, attracting a growing number of buyers. On the other hand, EM Bypass being the main connection between North-South Kolkata makes it a throbbing artery of the city. Siddha’s projects capitalize on this appeal, providing quality housing and commercial spaces in prime locations.
How do you look at the overall market opportunities in the region? What could be the trends to look for in future?
The eastern region offers promising real estate opportunities, driven by high CAGR (Compounded Annual Growth Rate) and growing business centres in Kolkata. Residential clubs are capturing hearts, providing a haven where families can unwind and create lasting memories with amenities like swimming pools, mini-theatres, multi-activity zones and gaming zones. IT hubs and MSME companies with new infrastructure present new opportunities. Supportive government policies can further benefit the market. Key trends to watch include innovative marketing and property management solutions, sustainable construction practices, and evolving consumer preferences for co-working spaces, smart homes, and community living options.
