Shobhabazar
Avg. Rate
₹ 3,904/sq. ft
Locality Rating
7.2/10
Shobhabazar is a locality in Kolkata, Kolkata District, and its PIN code is 700005. It is situated in the central part of the city, with easy access to various modes of transportation. The area is known for its rich history and cultural significance, with several old buildings and landmarks that date back to the 18th century. The locality is also home to many educational institutions, including schools and colleges. The residents of Shobhabazar have access to various amenities, including shopping centers, restaurants, and healthcare facilities. The area is surrounded by other prominent localities, such as Bowbazar and Jorasanko, and is part of the Kolkata Municipal Corporation. The district in which Shobhabazar is located is none, but it falls under the jurisdiction of Kolkata district.
Region
Shobhabazar
City
Kolkata
District
Kolkata
State
West Bengal
Pincode
700005
Population
7,139
Schools
5
Nearest Airport
Netaji Subhas Chandra Bose International Airport (CCU)
Neighbourhood Insights by
The Good
North Kolkata's rich architectural and intellectual heritage gives Shobhabazar a distinctive character that newer localities cannot replicate
Proximity to premier institutions — Jadavpur University, Presidency, or IIM Calcutta — drives strong academic-community rental demand in Shobhabazar
Healthcare infrastructure within 2 km of Shobhabazar — including SSKM, Apollo Gleneagles, or Peerless — makes it a preferred address for families and senior citizens
Balanced demand-supply dynamics in Shobhabazar deliver steady 6–10% annual capital appreciation with strong family-segment occupancy
The Bad
A significant share of Shobhabazar's housing stock consists of buildings constructed before 1990; buyers must budget for plumbing, structural, and electrical renovation
Monsoon inundation risk in Shobhabazar is well-documented and has historically suppressed price growth during weak civic-investment years
Aurum Price Index for Shobhabazar
Normalized to 100 · Oct 2020 baseline
Timeline
Aurum Price Index is based on 10 parameters:
Property Listing Trends
(12%)
RERA Inventory & Sales Velocity
(13%)
IGR Transaction Data
(15%)
Rental Yield
(10%)
Pollution & Environment
(08%)
Infrastructure & Connectivity
(13%)
Social Infrastructure
(08%)
Crimes & Safety
(08%)
Political Stability
(06%)
Corruption & ease of doing business
(07%)
Rates and Trends
Timeline
Average Rate
₹ 3,904/sq. ft
Average Price Range
₹ 1,450 – 10,050
Trend (5Y)
▲ 47.5%
Nearby Neighborhoods
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Frequently Asked Questions
The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in
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