Kolkata's Premium Real Estate Market Soars Amid Growing Demand for Spacious Homes
Kolkata: In Kolkata, the demand for larger units, particularly 3 BHK and 4 BHK configurations, continues to rise. Sales of 4 BHK units grew by 160% and that of 3 BHK units grew by 226% in the past three years.
This trend aligns with the national appetite for bigger homes, driven by the increasing number of high-net-worth individuals and the desire for spacious living environments. While Kolkata's premium and luxury real estate market is on an upward trajectory, it remains a more affordable option compared to other metro cities. This affordability, coupled with the city's cultural richness and improving infrastructure, makes Kolkata an appealing destination for both investors and homebuyers looking for premium and luxury properties.
Kolkata's premium real estate market, defined by properties priced between Rs 1.5 crore to Rs 5 crore, recorded a 20% price appreciation in 2025 over the prices prevailing in 2022, according to consultancy firm Anarock. Consultancy firm NKlusive, in its report on 34 active projects in the Rs 1.5 crore-Rs 5 crore price bracket, pegged the price appreciation over last year at 4%. Of the 34 projects, 10 were introduced this year.
The total number of marketable units in this price category is 3,873 units. South Kolkata leads the market with a 54% share of the total supply, followed by east Kolkata with 25%. The weighted average saleable price in the premium segment rose from Rs 10,781 to Rs 11,205 per square foot, reflecting a robust demand trajectory. The market's absorption rate improved significantly, with the monthly average rising from 75 units in H1 2024 to 208 units in H1 2025, reducing the inventory position from 20 months to 13 months.
The average price for luxury properties in Kolkata stands at Rs 14,200 per sq ft, which is among the lowest in the top seven cities, alongside Hyderabad. This positions Kolkata as an attractive market for buyers seeking luxury homes at competitive prices. Across India, the premium housing segment saw a 40% average price appreciation since 2022, with the National Capital Region (NCR) leading the charge at a 72% increase. Mumbai Metropolitan Region (MMR) and Bengaluru follow with 43% and 42% increases, respectively.
As the market continues to evolve, Kolkata is poised to strengthen its position in the premium and luxury real-estate segment, offering a unique blend of affordability and growth potential in comparison to its metro counterparts.
