Kolkata
Kolkata's real estate market displays consistent growth, with property prices rising steadily over the past year. The residential sector remains the primary driver of activity, while commercial segments like shops and office spaces show significant appreciation, particularly for retail outlets. Rental market dynamics are equally active, offering steady yields for investors across various residential configurations. The city's supply pipeline, featuring a mix of ready-to-move and under-construction projects, ensures that buyers can find properties aligned with their specific possession timelines and investment goals.
As of September 2026, the average asking price in Kolkata is ₹6,800 per sq ft. This figure represents an appreciation of 6.7% compared to previous periods, reflecting a steady upward trajectory in market demand for residential apartments across the city.
Property prices in Kolkata have shown a consistent upward trend over the last year. Starting from ₹6,300 per sq ft in December 2025, the city rate rose to ₹6,400 per sq ft in March 2026 and reached ₹6,800 per sq ft by June 2026, indicating sustained buyer interest and market resilience.
Property rates in Kolkata vary significantly by asset class as of September 2026. Shops command the highest average price at ₹16,600 per sq ft, having appreciated by 25.98% over the measured period, followed by office spaces at ₹11,150 per sq ft, which appreciated by 7.75%. Conversely, apartments are priced at ₹6,800 per sq ft, showing a 6.7% appreciation, while villas are currently at ₹6,150 per sq ft, reflecting a 30.42% depreciation compared to earlier data points.
As of September 2026, Ready To Move projects in Kolkata are priced at an average of ₹6,950 per sq ft, which has appreciated by 8.24% over the observed period. In comparison, Under Construction projects are available at an average of ₹6,850 per sq ft, reflecting an appreciation of 7.69%. This narrow price gap suggests that buyers are currently valuing immediate possession and construction progress relatively similarly in the current market environment.
Kolkata currently offers a rental yield of 3.71%, which serves as a key metric for investors evaluating the income potential of their residential assets. With an average rental rate of ₹21 per sq ft as of September 2026, which has seen a 4.55% depreciation compared to previous periods, investors should weigh this yield against the capital appreciation trends seen in the sale market to determine the total return on investment.
Rental rates in Kolkata follow a tiered structure based on unit size as of September 2026. A 1 BHK apartment typically rents for ₹17,550 per month, while 2 BHK and 3 BHK units command average monthly rents of ₹20,100 and ₹22,650, respectively. Larger 4 BHK units see a significant jump to an average of ₹60,000 per month, catering to a premium segment of the rental market.
As of September 2026, premium projects like Bengal Peerless Avidipta lead the rental market with rates at ₹35 per sq ft, showing stable pricing with no change. Other top-tier projects include Unitech Fresco Kolkata and Ambuja Utalika: The Condoville, both at ₹33 per sq ft, with the latter having appreciated by 6.45%. These projects are primarily located in high-demand areas like EM Bypass and Rajarhat New Town, attracting tenants willing to pay a premium for established infrastructure.
Rental rates in Kolkata show diverse performance across property types as of September 2026. Showrooms command the highest rental rate at ₹250 per sq ft, having seen a substantial appreciation of 139.25%, followed by shops at ₹200 per sq ft, which appreciated by 66.94%. Office spaces rent for ₹100 per sq ft, showing a modest 1.32% appreciation, while apartments and villas both average ₹50 per sq ft, with apartments experiencing a 4.55% depreciation compared to previous periods.
Buyers looking at Kolkata's peripheral micromarkets should note that both Howrah and Hooghly have experienced price corrections as of September 2026. Howrah currently averages ₹2,850 per sq ft, reflecting an 8.5% depreciation, while Hooghly averages ₹3,400 per sq ft, showing a 2.4% depreciation over the comparison period. These trends may offer entry-level opportunities for value-conscious buyers, provided they align with long-term infrastructure development plans in these regions.
The average price for Early Stage projects in Kolkata has reached ₹13,500 per sq ft as of September 2026, marking a significant 128.95% appreciation compared to previous periods. This sharp increase often signals high investor confidence or a shift in the supply pipeline toward premium, high-value developments that are being launched at higher price points than the existing city average.
