Market Trends: Kolkata Sees Growth in Residential Property Sales

Market Trends: Kolkata Sees Growth in Residential Property Sales.webp

Kolkata, March 27 The Kolkata Metropolitan Area (KMA) recorded 4,974 registrations for residential properties in February, representing a 63 per cent month-on-month increase, primarily due to a rebound from a seasonal low in January, according to data released by property consultant Knight Frank India.

On a year-on-year basis, registrations were marginally lower by 1 per cent compared with 5,016 units recorded in February 2025.

The data, based on information from the Directorate of Registrations and Stamps Revenue, Government of West Bengal, includes transactions in both the primary (new sales) and secondary (resale) markets for residential apartments.

Apartments ranging from 501 to 1,000 sq ft dominated the market, accounting for 58 per cent of total registrations in February, up from 44 per cent a year ago.

In contrast, the share of units below 500 sq ft declined to 32 per cent from 52 per cent in the same period last year. Homes larger than 1,000 sq ft increased their share to 10 per cent, indicating growing demand for larger homes, Knight Frank India said.

North and South Kolkata together accounted for about 75 per cent of the total registrations during the month. The north zone led activity with a 41-per cent share, followed by the south zone at 33 per cent.

Among micro-markets, Rajarhat recorded the highest number of registrations at 381 units, followed by Dum Dum (352) and Barasat (337). The top 10 locations together accounted for 53 per cent of the total apartment registrations.

Reacting to the data, Sushil Mohta, president, Confederation of Real Estate Developers' Associations of India (CREDAI)-West Bengal, said, “The high growth of 63 per cent in registrations indicates buyer confidence and demonstrates underlying resilience. While the 63 per cent month-on-month growth in registrations reflects a rebound from a seasonal low, the more significant trend is the sustained demand in mid-sized homes.

“The dominance of the 500-1,000 sq ft segment indicates a clear shift towards practical, value-driven housing choices in Kolkata’s residential market. However, we are also seeing a shift from mid-size homes to the premium market.”
 
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apartment market barasat credai-west bengal dum dum housing demand knight frank india kolkata metropolitan area property market trends property registrations february property transactions rajarhat real estate market residential property registrations residential sales west bengal
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