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Under ConstructionResidentialExclusive listing

Merlin New Town Rise

2 & 3 BHK in Kolkata's planned satellite city

New Town, ThaneBy Merlin GroupRERA WBRERA/P/NOR/2024/000418

Price

₹ 42 L – ₹ 78 L

₹ 6,400 per sq.ft.

Merlin New Town Rise — image 1

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Project at a glance

Configuration
2, 3 BHK
Carpet area
680 – 1,240 sq.ft.
Possession
September 2028
Property type
Residential
Price per sq.ft.
₹ 6,400
Total units
520
Towers
4
Floors
G + 17
Land area
5.9 acres
Launched
November 2024

Why this project

  • Lowest entry of any metro node we cover
  • Eco Park and IT campuses nearby
  • New Garia–Airport metro underway
  • Planned grid with buried utilities

Our analysis

The value end of the market

New Town is the only genuinely planned urban extension in eastern India: a proper grid, wide arterials, buried utilities and a real IT employment base. At ₹ 6,400 per sq.ft. it costs roughly a fifth of Powai.

What the numbers say

  • A 3 BHK at ₹ 62 lakh leases at ₹ 18,000 to ₹ 23,000, giving a gross yield near 3.9% — comparable to Bengaluru.
  • The New Garia–Airport metro line runs through New Town and will connect it to the wider city network.
  • WBHIRA gives West Bengal buyers statutory protection equivalent to MahaRERA.

The catch to price in

Kolkata's capital appreciation has historically trailed Mumbai and Bengaluru, and the buyer pool for resale is smaller. Treat this as an income position rather than a growth one. Out-of-state buyers should also budget for the practicalities of managing a property 2,000 km away — which is what our post-purchase desk exists for.

Floor plans & pricing

ConfigurationCarpet areaPrice
2 BHK680 sq.ft.₹ 42 L
3 BHK980 sq.ft.₹ 62 L
3 BHK Large1,240 sq.ft.₹ 78 L

Areas are as declared by the developer. Prices exclude stamp duty, registration, GST and other statutory charges — ask us for a line-item cost working.

Amenities

  • Swimming Pool
  • Clubhouse
  • Gymnasium
  • Landscaped Gardens
  • Kids' Play Area
  • Jogging Track
  • Multipurpose Hall
  • Indoor Games
  • Amphitheatre
  • 24x7 Security
  • Power Backup
  • Covered Parking
  • Rainwater Harvesting

Location

2 & 3 BHK in Kolkata's planned satellite city

New Town is the only genuinely planned urban extension in eastern India — wide arterials, buried utilities and a real IT employment base. At ₹ 5,500 to ₹ 8,500 per square foot it is roughly a third of Powai for comparable specification. Read the New Town guide →

Frequently asked questions

  • For yield, yes — around 3.9% gross against 2.5–3.2% in Navi Mumbai. For capital appreciation, Kolkata has historically trailed. We would size it as a diversifier, not a core position.

Verification & disclosure

This project is registered with MahaRERA under WBRERA/P/NOR/2024/000418. Verify independently at maharera.maharashtra.gov.in before booking. RealTTech Property Consultants acts as a channel partner and advisory consultant, not as the promoter. Prices, areas and possession dates are indicative and supplied by the developer.

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