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Kolkata housing prices up 6%; ₹50 lakh to ₹2 crore homes make up half of sales
Kolkata home prices up by 6% in 2025 as sub- ₹50 lakh launches fell to 35% of supply, with demand shifting to the ₹50 lakh–2 cr segment
Average home prices in Kolkata were up by 6%, driven by limited availability and higher pricing of new launches, according to data from Knight Frank India. Home sales were concentrated in the ₹50 lakh–2 crore range, which accounted for nearly half of all housing transactions in 2025 as buyers continued to prioritise more premium units, the report noted.
In line with this shift, homes priced below ₹50 lakh dropped to 35% of new launches in 2025, down from 60% a year earlier. Knight Frank said that developers instead expanded offerings in the mid and premium-price bands, with the ₹50 lakh–1 crore category rising to 34% of new supply and units priced above ₹1 crore increasing to 31%.
The report attributed this reallocation to “developers’ strategic pivot toward higher-value products as demand for larger, better-finished units gains traction.”
“Buyer confidence strengthened through 2025 as affordability levels remained broadly stable, even amid moderate price appreciation. Home supply within the ₹50 lakh–2 crore bracket, which continues to represent the largest and most active demand segment. Developers increasingly aligned new launches to this price range, ensuring greater product availability for both first-time homebuyers and upgrading households,” the report said.
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Housing sales dip by 3%
The city’s housing segment, one of the most closely tracked real estate markets in West Bengal, recorded a marginal 3% decline in annual sales to 16,896 units in 2025, reflecting subdued activity in the first half of the year, according to data from Knight Frank. Annual launches fell 6% year-on-year to 15,780 units, indicating a measured supply approach as developers focused on execution and inventory management rather than expansion.
South Kolkata maintained its dominant position, capturing 37% of total sales due to strong social infrastructure and improving metro connectivity. Micro-markets such as Sonarpur, Jadavpur and Behala remained preferred for their combination of affordability and accessibility, Knight Frank said.
Rajarhat, meanwhile, accounted for 25% of the city’s overall sales, supported by its proximity to business hubs and an evolving mix of mid- to premium-grade residential offerings. Knight Frank noted that the growth in Rajarhat reflects “the increasing demand for well-planned, strategically connected suburban corridors.”
Residential units priced above ₹1 crore accounted for 24% of sales in H2 2025, up from 18% in H2 2024. On an annual basis, the premium category expanded to 25% of total sales, signalling steady upward movement in buyer aspirations, supported by rising incomes and lifestyle upgrades, the Knight Frank report said.
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Prices surge 6% YoY
The report said that average prices rose 6% YoY in 2025, driven by strong end-user demand, widening demand–supply gaps, and higher pricing for new launches. The report noted that homes priced between ₹50 lakh and 2 crore collectively accounted for roughly half of all transactions.
Kolkata’s sharpest 12-month price rise was recorded in Rajarhat New Town, where values climbed 8% YoY to ₹3,800–8,350 per sq ft, supported by strong end-user demand. Behala followed with a 7% YoY increase, with prices ranging from ₹3,500–5,250 per sq ft, driven by improving connectivity.
Tollygunge and Narendrapur each posted 6% YoY growth, with Tollygunge at ₹5,500–15,900 per sq ft and Narendrapur at ₹2,800–4,750 per sq ft. Rawdon Street completed the top five with a 5% YoY rise, maintaining its premium bracket of ₹11,700–21,800 per sq ft.
