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Kolkata Index
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West Bengal Tourism • 5m

𝗞𝗼𝗹𝗸𝗮𝘁𝗮 𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁𝗶𝗮𝗹 𝘀𝗮𝗹𝗲𝘀 𝘂𝗽 𝗯𝘆 𝟭𝟲%, 𝗼𝗳𝗳𝗶𝗰𝗲 𝗹𝗲𝗮𝘀𝗶𝗻𝗴 𝘂𝗽 𝗮𝘀 𝗼𝗳𝗳𝗶𝗰𝗲 𝗿𝗲𝗻𝘁𝗮𝗹𝘀 𝗿𝗶𝘀𝗲 𝗯𝘆 𝟳%. Kolkata's residential real estate market has witnessed a significant surge in sales, with a 16% year-on-year (YoY) growth in the 2024 calendar year. The metropolis recorded residential sales of 17,389 units in 2024, making it the 3rd best year for the sector since 2010. The average residential prices in Kolkata also appreciated by 6% YoY to ₹3,815 per sq ft, indicating a steady growth in the market. Office space leasing in Kolkata stood at 1.3 million square feet in 2024, which was marginally up from 1.2 million square feet in 2023, while the average transaction rent increased by 7% to ₹41 per sq ft per month. New office completions in 2024 were recorded at 0.3 million sq ft. Kolkata's office market is undergoing a gradual recovery, driven by consistent demand from occupiers across diverse sectors, particularly IT, BFSI, and healthcare

0 replies3 likes

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