Kolkata's commercial real estate market has witnessed a 60% year-on-year growth in leasing volumes, reaching 1.1 million sq ft in the first half of 2025, according to a report by Knight Frank India.
KolkataCommercial Real EstateKnight FrankLeasing VolumesReal Estate MarketReal Estate NewsJul 03, 2025
Kolkata's commercial real estate sector has seen a 60% year-on-year growth in leasing volumes.
Peripheral Business Districts (PBDs) such as Salt Lake City (PBD-1) and Rajarhat New Town (PBD-2) are driving the growth, with Salt Lake City accounting for 50% of transactions and Rajarhat New Town contributing 43%.
The current vacancy rate in Kolkata's office market is 33.5%, the lowest since H2 2019.
Only 0.2 million sq ft of new supply is expected by the end of 2025.
Rental prices have seen a 10% increase during the period under review and are expected to continue rising due to strong demand.
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To protect homebuyers, the Noida Authority has introduced a new rule requiring real estate developers to register a flat after receiving 10% of the total payment. This mandates a tripartite agreement between the buyer, builder, and the Noida Authority.
A recent analysis by real estate consultancy Knight Frank India highlights a significant uptick in demand for properties priced at Rs 2 crore and above.
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