Durgapur, once a wilderness, has come a long way; with a number of industries under its belt. It is located about 160 kilometres from Kolkata, and is part of the Burdwan district. Durgapur is known as the dream child of the great visionary Dr. Bindhan Chandra Roy, the second Chief Minister of West Bengal, who played an important part in developing this locality. This locality is famous for Durgapur Steel Plant, a unit of SAIL (Steel Authority of India). There are three other plants, Durgapur Thermal Power Station, Damodar Valley Corporation & N.S.P.C.L., and also some chemical, metallurgical and engineering industries at Durgapur. As this place provides job opportunities, many people are migrating to the locality; thus increasing the demand for flats in Durgapur projects limited.
Durgapur is well-connected via roads. It is the gateway to the Rarh Region, which has under-developed transportation infrastructure. The Panagarh-Morgram Highway that originates from Panagarh, a suburb of Durgapur, joins NH 60 near Dubrajpur and continues on to North Bengal and North-East India. The SH 9 that passes through Durgapur connects NH 60 at this junction, and joins Orissa and South India with Durgapur. This town is well-connected via train to major cities such as Delhi, Mumbai, Chennai, Gorakhpur, Indore, Jabalpur, Nagpur, Guwahati, Amritsar and Kanpur, due to its commercial and industrial significance. Beside this, one can find long-distances buses to Jamshedpur, Siliguri, Malda Town and Dhanbad Bokaro Steel City. This town is privileged to have an Asian Highway (AH) passing directly through the city jurisdiction. The AH1 links Japan with Turkey, through Korea, China, Vietnam, Cambodia, Thailand, Myanmar, India, Bangladesh, Pakistan, Afghanistan, and Iran. This city also has minibus services to travel to nearby localities and cities.
Durgapur is witnessing tremendous change in the areas of education and health care. In the last few years, one can find more than 12 engineering, technology, management and professional colleges that have come up in Durgapur. This city is developing at a fast pace, not only in education but also in segments like IT and ITES. Companies like Pinnacle InfoTech Solutions, Trulogix Infomation Systems Pvt Ltd, RAM Technologies and Intex Technologies Limited are some of the big names here. Leading hospitals like The Mission Hospital, Vivekananda Hospital, MAMC Hospital and City Nursing Home and Clinic are housed in this city. This city has good connectivity, hospitals, education and great job opportunities, thus causing growth in the Durgapur real estate market.
When it comes to shopping, one can find shopping malls like Suhatta and The Junction. Hospitality is also booming in Durgapur, with a number of star hotels such as Peerless, City Residency and Rose Valley, to name a few. In this town, one can find international and Indian eat outs, such as Dominos Pizza, Mainland China, Mehak-e-Punjab, Lemon Grass, etc.
Real estate in Durgapur is witnessing a major boom in recent years with property prices booming sky-high. Builders are flocking to this city after the airport city named Aerotropolis (an integrated city with contemporary infrastructure for industries, I.T., healthcare, education, a logistics hub, retail hospitality and residence) has begun development near Durgapur. This project is developed by Bengal Aerotropolis Projects Limited. Alchemist Township India Ltd. has bought 20 acres for residential development at Bengal Aerotropolis Projects Ltd. for constructing residential homes. Another ongoing major residential project is Oasis Residency, which provides facilities like 24 hr generator backup, car parking, kids’ roof garden park and utility shops. People interested in plots can invest in land for sale in Durgapur Express Highway. DLF is planning to develop a township at the city centre. Vibgyor is coming up with the plan of constructing studio apartments and 1 and 2BHK flats.
The average price for a 2BHK flat in Durgapur is Rs. 12 lakhs to 15 lakhs. Plots are also in demand for investment purposes.Land in Durgapur may cost anywhere from Rs. 200 to 700 per square foot depending upon the locality and proximity to industries.
After the recent developments like Aerotropolis and the acquisition by DLF and Alchemist, there has been a quite a demand forDurgapur real estate; and, looking at other facilities such as the connectivity to major cities and the opening up of the IT sector, this city is sure to grow.
Manika Krishnan writes on behalf of property.sulekha.com, a property portal which caters to all the consumers’ needs in the real estate sector. It is a platform where buyers, sellers can exchange information in a quick and effective way. Sulekha property invites you to advertise a property, search for a property anywhere in India.