Summary of this article
Kolkata housing market shows steady, resilient growth.
Affordable homes drive demand and inventory absorption.
Disciplined supply supports sustainable price appreciation.
In 2025, the residential real estate landscape performed remarkably well. The performance is remarkable due to the steady growth of markets witnessed despite external and geopolitical tensions that could’ve weighed heavily. In Kolkata, the residential real estate market reflected steady demand and improved inventory health, and a shift in buyer preference. In the latest Knight Frank Report, “India Real Estate Residential and Office Market,” the growth indicates a softened growth on a year-on-year basis, yet it does not disappoint the investors, as it was expected due to external factors influencing market fluctuations. Meanwhile, Kolkata has emerged as one of the most affordable housing markets in 2025.
Residential Sales in 2025
Residential sales in 2025 in Kolkata, especially during the H2 2025, rose by 7 per cent on a year-on-year basis. With noted sales of 8,806 units, it was supported by improving buyer sentiment, prioritising affordability, and softer borrowing costs. Although the full-year sales have declined by 3 per cent, a total of 16,896 sales happened in the year. The sales were muted in the first half of the year, but the growth rebounded in the second half of 2025. The market continues to be dominated by genuine homebuyers rather than potential and speculative investors. This lends stability to the absorption levels.
Approach Taken By The Developers
Where the supply side is concerned, developers have adopted a carefully calibrated approach. New launches in the residential segment have increased by a sharp growth of 38 per cent on a year-on-year basis in the H2 of 2025. However, annual launches have declined by 6 per cent. This limbo reflects the strategic launches developers have released into the market. The supply discipline played a key role in improving the market fundamentals.
The rate of unsold inventory in Kolkata has declined by 5 per cent on a year-on-year basis. Falling to 19,630 units in 2025, which is the lowest recorded in nearly a decade.
The affordable and mid-income housing segments performed the strongest in the city. Housing below Rs 1 crore showed a faster inventory depletion.
Residential Prices In Kolkata
The residential prices in Kolkata rose by 6 per cent on a year-on-year basis in 2025. This makes the figures an average of Rs 43,454 per sq m. This appreciation highlights the city’s stable environment, which is driven by construction costs and upgrades.
For the 2026 outlook, Kolkata’s residential market is steady and promises sustainable growth. Infrastructural improvements, connectivity-driven initiatives and affordable housing are being supported in the city. With a continued disciplined supply and end-user demand, the city’s housing market is likely to follow a stable growth.
