Kolkata's Residential Market Stays Steady with 2,831 Housing Units Launched in Q2 2025
Kolkata's residential real estate market continued its steady growth in the second quarter of 2025, with 2,831 new housing units launched, according to a report by Cushman & Wakefield. The market saw a mix of mid-sized and small developers driving the launch activity, with peripheral submarkets leading the way.
KolkataReal EstateHousing MarketCushman WakefieldResidential LaunchesReal Estate NewsJul 06, 2025
The survey notes that mid-sized and small local developers dominated project launches, reflecting growing confidence in the city’s housing market. A few major city-based developers also entered the fray with new luxury projects. Peripheral submarkets led the charge, accounting for around 59 per cent of total launches. Areas such as Barasat, Sonarpur, Baruipur, Bishnupur, as well as locations in Howrah and Hooghly, saw healthy activity.
The North East submarket, particularly Rajarhat, contributed 34 per cent of new launches and saw the introduction of a few premium projects. The mid-segment housing category emerged as the most active, representing 58 per cent of total launches—a 12 per cent rise over the previous quarter. In contrast, affordable housing saw a sharp 43 per cent drop, making up just 19 per cent of launches. The high-end and luxury segment retained its 23 per cent share, mirroring last quarter’s levels and indicating consistent demand in the premium category.
Capital values in the city appreciated by 7-8 per cent year-on-year, with Rajarhat and EM Bypass micromarkets witnessing strong growth due to robust demand. Average rental values increased by 1-2 per cent quarter-on-quarter, driven by sustained demand from IT professionals.
Key launches during the quarter included Sugam Crown (Salt Lake) by Sugam Homes, Gardenium Phase 3 (Rajarhat) by Jupiter Group, and Primus Ganges (Maheshtala) by Srijan Realty, with unit sizes ranging from 1,100 to 2,300 square feet.
With macroeconomic indicators remaining stable and buyer demand strong, the report projects a positive short-term outlook for Kolkata’s residential sector.
Frequently Asked Questions
What was the total number of housing units launched in Kolkata in Q2 2025?
2,831 housing units were launched in Kolkata in the second quarter of 2025.
Which submarkets saw the highest activity in terms of new launches?
Peripheral submarkets, including Barasat, Sonarpur, Baruipur, Bishnupur, and locations in Howrah and Hooghly, saw the highest activity, accounting for around 59 per cent of total launches.
How did the mid-segment housing category perform in Q2 2025?
The mid-segment housing category emerged as the most active, representing 58 per cent of total launches, a 12 per cent rise over the previous quarter.
What was the performance of the affordable housing segment in Q2 2025?
The affordable housing segment saw a sharp 43 per cent drop, making up just 19 per cent of launches.
What is the projected outlook for Kolkata’s residential sector in the short term?
The report projects a positive short-term outlook for Kolkata’s residential sector, with macroeconomic indicators remaining stable and buyer demand strong.
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