Kolkata’s residential market records total sales of approximately 14,200 units in 2025

• Kolkata recorded housing sales of 3,523 units during the quarter, representing a 10% decline quarter-on-quarter and a 21% drop year-on-year. The mid-segment (INR 5–10 million) dominated sales activity with 39%, followed by the affordable segment (up to INR 5 million).
• The South submarket remained attractive to homebuyers, accounting for a 30% share of sales, followed by the East with 25%. Tollygunge, Joka and Sonarpur drove housing activity in the South, while Rajarhat remained popular with buyers in East Kolkata.

More than 17,000 housing launches in 2025

• Kolkata recorded 2,065 housing unit launches across submarkets during the quarter, reflecting a 66% decline from the previous period. The East submarket accounted for the majority of launch activity with 59% of the total, while the North contributed 26%.
• The affordable segment (up to INR 5 million) accounted for 67% of quarterly launches, while the mid-segment (INR 5–10 million) contributed 28%. Due to a slowdown in launches towards the end of the year, unsold inventory declined to 17,970 units by the end of 2025.

Capital values appreciate by 12% on an annual basis

• Stable demand resulted in a 3% quarter-on-quarter growth in capital values. Consequently, the overall capital value rose to INR 5,624 per sq ft by the end of 2025.
• Overall capital value rose to INR 5,624 per sq ft by Q4 2025, with the South and West submarkets leading price growth at 16% year-on-year.

Outlook: New launches to drive property market and boost capital values

• In 2026, demand is likely to rise as reputable developers have a strong pipeline of new residential projects. This momentum is expected to support capital value growth across submarkets.
• The East submarket is likely to lead residential supply and demand, followed closely by the South and North. Strong momentum will continue from the mid (INR 5–10 million) and affordable (up to INR 5 million) segments, reflecting continued homebuyer interest.