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Last updated: Feb 24, 2025

2 BHK Flat
By Magnolia Infrastructure Development Ltd
Magnolia Residency, New Town Action Area 1, New Town, Kolkata

49.0 L
₹3.93 K/sq.ft
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+ 11 more
1248.00 sq.ft
Built Up Area
₹3.93 K/sq.ft
Avg. Price
11 Year Old
Age of property
Ready to move
Possession status
5 of 5
Floor
South facing
Facing
Unfurnished
Furnishing
Property Location
Magnolia Residency, New Town Action Area 1, New Town, Kolkata
Around This Property
School
Jatragachi Pranabananda High School
Hospital
Disha Eye Hospital New Town
5 mins
(2.6 km)
Railway Station
Rabindra Tirtha Metro Station
6 mins
(2.8 km)
View more on Maps
Property Overview
Project NameMagnolia Residency
Brokerage
98,000
Access Zero Brokerage Properties
Price
49.0 L
Carpet Area
843 sq.ft
Bedrooms
2
Bathrooms
2
Parking
1 Covered Parking
Balcony
1
Added
Just now
About this property
Onroad Property - Groundfloor ICICI Bank , Newtown is only 6.5 km away.

More About This Property

A 2 BHK Flat for sale in New Town, Kolkata. This beautifully designed 2 BHK unit with all the modern-day comforts is one of New Town's most desired properties. Contact now for more information. This 2 BHK unit is on floor 5. There are 5 floors in this property. The price of this Flat is Rs 49.0 L. Maintenance charges come to Rs 2400. Each unit has a built-up area of 1248 Square feet. The carpet area is 843 Square feet. This South-facing property has an excellent view. There are 2 bedrooms. There is provision for 2 bathroom. It is also close to Disha Eye Hospital New Town, Ohio Hospital, and Tata Medical Center. The brokerage amount to be paid is Rs 98000
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Price Estimate
Predicted by Housing Artificial Intelligence
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Price : ₹49.00L
42.36L 51.78L
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Price is similar 👍🏼
to the predicted range in New Town
Amenities
Children's Play Area
Lift(s)
Landscaping & Tree Planting
+12

Resident reviews for

Magnolia Residency
4/5
Project
Locality

Tips

Now you can see Rating & Review in one place for both Project & Locality!

Ratings based on features

4/5

Connectivity

4.8/5

Maintenance

4/5

Construction

4/5

Social Life

3.5/5

Amenities

Good things here

Quality roads outside
Excellent build quality
Allocated parking available

Things that need improvement

Lack of metro facilities
No swimming pool
Traffic issues at times

All resident reviews (4 reviews)

Bhavesh Shah

Owner | 7 months ago

3.6

Good things here

Quality of the roads outside the society is really great and there is no water logging or traffic issues around the society. Build quality is excellent and there are no issues regarding leakage and seepage. Allocated parking is available for owners and visitors in the society. Full power back up facilities has been provided without extra charges. High security system has been provided as all the areas are under cctv survilance. read more

Things need improvement

Metro facilities are not available near by the society even railway station is not there near by the society. There is no swimming pool in the society only one club house,kids play area and gym is available in the society. read more

lokesh

Owner | 3 years ago

4.2

The road is likewise in great condition, however you may meet traffic issues from time to time. Parking space is one of the most crucial amenities provided.

Beena

Owner | 3 years ago

4.2

There are many green parks, jogging tracks for a healthy lifestyle. It seems that homes are designed and build with utmost care which can also be seen when you visit here or stay here. The roads are well maintained and street lights are installed alongside.

Mansoor

Owner | 3 years ago

4.2

Lots of greenery along with good quality construction of homes and good connectivity options with all amenities at one place is what you have here. Chemist, grocery shops, gym, swimming pool, parks, ATMs are there.

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Price Trends for New Town

(Apartments)
-4.83%
depreciation in avg. price / sq.ft (Built-up Area) for New Town in last 1 year

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to compare

Locality(Apartments)
New Town
-4.83%
Last 1 Year
₹6.5 K/sq.ft
Avg. rate
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New Town Locality

Better Priced

Explore Neighbourhood - Map View

Locality Guide
for Newtown, Kolkata

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cover
Locality Overview Video
AA community market
Grill N Cafe
Biswa Bangla Convention Centre
Acharya  Tulsi Academy Orchids The International School
+
78 More
New Town is a developing employment zone located in East Kolkata along with Salt Lake Sector V. The area mainly consisted of huge acres of cultivable lands and water bodies, which have been acquired and developed in a planned manner. Prominent localities placed closer to New Town include Rajarhat, Kestopur, Salt Lake, Baguiati, and Lake Town. Nearby Job hubs draw job seekers to the locality. The area comprises a blend of residential developments, commercial cum retail complexes, corporate parks, and institutional entities. Most of the residential projects in New Town are multi-story apartments. Both New Town and Sector V, are known for having several business centers and IT parks such as DLF IT Park 1 & 2, Unitech Infospace, Candor Techspace, TCS - Gitanjali Park, and Ecospace Business Park. These office hubs boast the presence of several key MNCs including IBM, Capgemini, Cognizant, TCS, Genpact, HCL, Tech Mahindra, and Ericsson, among others. New Town was enabled with 10.5 km of Wi-Fi Zone along the Major Arterial Road (part of Biswa Bangla Sarani) from Haldiram, near Dumdum/Kolkata Airport to Salt Lake Sector V, which also makes it India's first Wi-Fi road connectivity. The stretch has already been declared as a green corridor. Read More
The under-construction Line 6 or Yellow Line (New Garia-Airport Line), is expected to bring metro connectivity in this area tentatively by 2021 more
A plan is under consideration for a flyover on EM Bypass that would reduce vehicular congestion along the way to New Town more
Growth of Action Area II as a Central Business District and an international finance hub to boost growth in New Town more
Planned development of eight playgrounds in New Town to enhance the social infrastructure of the satellite town more
Authorities are working towards removing encroachment in the main market area of New town
What is good here
  • New Town has an excellent public transportation facility such as buses, metro and cabsread more
  • Broad clean roads connect New Town to adjacent localities including Rajarhat and Kestopur read more
  • Excellent road infrastructure enhances the beauty of New Town
  • The Newton School is the most popular ICSE school in New Town
  • Lotus Hospital is an affordable hospital in the New Town providing an excellent world-class facilityread more
  • Biswa Bangla Haat has handcrafted items and attracts many buyers in New Town
  • Adjacent to the prime jobs market, New Town area is never vacant
  • Internal roads in New Town are equipped with high-tech LED street lights, which prevents accidentsread more
  • Heavy police patrolling at night making New Town safer for the residents
  • Narkel Bagan Park and Jheel Park are major outdoor parks in New Town
  • Streets in New Town are mostly clean, as NKDA is very passionate about their duties in this arearead more
  • NKDA Park and New Town Lake Park form the green belt in the New Town
  • A rise of around 10% was observed in certain popular regions in New Town
  • Multinational companies such as TCS and HCL are located in New Town
  • NH-12 connects New Town to another parts of the state
What can be better
  • Metro and busses are generally overcrowded and cause difficulty for passengers
  • Many internal roads are accident-prone as they are damaged by potholes
  • Illegal parking mostly covers pedestrian tracks in New Town
  • Dense smoke from the burning of stubble and plastic garbage causes pollution and irks the residents of New Townread more
  • Fewer cases of unscheduled power cuts in New Town have been reported in the recent years read more
  • Public transports are illegally parked in the market area of New Town
Looking for Options to Invest in Commercial
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in New Town
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Questions and Answers
Get answers to your un-answered questions.
Disclaimer: While Housing.com takes all steps to ensure accuracy of the information provided in this section, please check the same with the developers. Housing.com does not take responsibility for any discrepancies in the information provided.

Magnolia Residency Developer Information

MI

Magnolia Infrastructure Development Ltd
2009
Established In
50
Total Projects

Magnolia Infrastructure Development Ltd is a leading Kolkata based Real Estate company. Their objective is to continuously upgrade, improve, innovate and set new benchmarks that evolve with time. They endeavor to blend architecture, technology and value-added services to create lifestyles in every project they undertake where even the next generation would aspire to live in. They believe that quality cannot be compromised. Magnolia Infrastructure Development Ltd are known to build a warm, long-lasting and truly symbiotic relationship with their valued chain of customers. They strive for complete customer satisfaction by providing quality services every time.
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Possession status:
Ready to Move
In 3 years
Beyond 3 years
Magnolia Nakshatra Phase 2
15.9 L - 32.96 L
Magnolia Nakshatra Phase 2
1, 2, 3 BHK Flats
Barasat, Moch Pol
Magnolia Sunshine
42.0 L - 43.4 L
Magnolia Sunshine
2 BHK Flat
New Town Action Area 2, New Town,Kolkata
Magnolia Sports City
26 L - 39.0 L
Magnolia Sports City
2, 3 BHK Flats
Anandapuri, Barrackpore,Kolkata
Magnolia Merlion
53.54 L - 75.87 L
Magnolia Merlion
2, 3 BHK Flats
New Town, Kolkata
Helpful Tools
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About Magnolia Residency

New Town is well-connected to other parts of city by road, which passes through the heart of this suburb. Prominent shopping malls, movie theatres, school, and hospitals are present in proximity of this residential project.
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