Property Rates in Kolkata

Kolkata's property prices have shown some fluctuation over the past few quarters. From June 2025 at ₹6,330 per sq ft, prices saw a dip to ₹6,463 per sq ft in September 2025, before decreasing to ₹6,296 per sq ft in December 2025. However, by March 2026, the average asking price recovered to ₹6,386 per sq ft. This movement indicates a dynamic market where prices are adjusting, but the overall trend from June 2025 to March 2026 shows a slight overall appreciation, suggesting a market that is stabilizing after some minor corrections.

Property rates in Kolkata vary significantly across its micromarkets. For instance, Hooghly currently has an average rate of ₹3,498 per sq ft, which has depreciated by 9% over the recent period. In contrast, Howrah shows an average rate of ₹3,095 per sq ft, having appreciated by 5.2%. These figures highlight that while Hooghly has seen a price decrease, Howrah has experienced growth, indicating different market dynamics and investment potentials in these neighboring areas.

As of March 2026, property prices in Kolkata differ across various types. Shops command the highest average price at ₹16,591 per sq ft, showing a significant appreciation of 25.98%. Office spaces are priced at ₹10,360 per sq ft, with a depreciation of 6.28%. Villas are listed at ₹8,868 per sq ft, marking a substantial appreciation of 33.25%. Apartments, the most common residential type, are priced at ₹6,386 per sq ft, reflecting a 1.43% appreciation.

Property prices in Kolkata vary based on project status as of March 2026. 'Ready To Move' properties are priced at ₹6,412 per sq ft, showing a depreciation of 2.69%. 'Well Occupied' properties are slightly lower at ₹6,350 per sq ft, with a depreciation of 2.38%. 'Under Construction' projects are priced higher at ₹7,023 per sq ft, but have depreciated by 5.29%. 'New Launch' projects are priced at ₹6,042 per sq ft, with a slight depreciation of 1.66%. This suggests that while 'Under Construction' projects have a higher average rate, the market is seeing price adjustments across most categories.

As of March 2026, projects like Master Amara in Alipore, South Kolkata, have the highest listing rates at ₹22,994 per sq ft, having appreciated by a significant 71.55%. Tata 88 East, also in Alipore, is listed at ₹21,011 per sq ft with a slight depreciation of 0.65%. Godrej Platinum, another Alipore project, is priced at ₹20,575 per sq ft, showing a depreciation of 3.16%. These high-end projects in prime South Kolkata locations demonstrate considerable price volatility, with Master Amara showing exceptional growth.

The average rental rate in Kolkata is ₹22 per sq ft as of March 2026. The city offers a rental yield of 4.13%, which is a key metric for investors assessing the return on investment from rental income relative to property value. A yield of 4.13% suggests that property owners can expect an annual rental income equivalent to approximately 4.13% of their property's capital value, providing a moderate income stream alongside potential capital appreciation.

Rental rates in Kolkata vary by BHK configuration, with apartments being the primary focus. As of March 2026, a 1 BHK apartment typically rents for ₹13,100 per month. For a 2 BHK, the average rent is ₹18,781 per month, while a 3 BHK commands ₹24,463 per month. Larger 4 BHK apartments are rented at an average of ₹50,085 per month. This progression shows a clear increase in rental demand and pricing as the size and number of bedrooms increase, catering to different household needs.

Rental rates in Kolkata show significant differences across property types as of March 2026. Shops have the highest average rental rate at ₹121 per sq ft, though this has depreciated by 1.63%. Showrooms are available at ₹107 per sq ft, with a notable depreciation of 26.71%. Office spaces are rented at ₹76 per sq ft, down by 5%. Villas are priced at ₹18 per sq ft with no change, while apartments, the most common residential type, are rented at ₹22 per sq ft, showing a depreciation of 8.33%. This indicates a softening in rental prices for commercial properties and apartments recently.

Top projects in Kolkata based on rental rates include Bengal Peerless Avidipta in Central Kolkata (EM Bypass) at ₹35 per sq ft, with no change in rate. Ambuja Utalika: The Condoville, also in Central Kolkata, is at ₹33 per sq ft, having appreciated by 6.45%. Unitech Fresco Kolkata in East Kolkata (Rajarhat New Town) also averages ₹33 per sq ft with no change. These projects, primarily located in areas like EM Bypass and Rajarhat, command higher rents due to their amenities and location, with some showing positive rental growth.

The data indicates that the Government Registration Rate in Kolkata is ₹0 per sq ft. This contrasts sharply with the average asking price of ₹6,386 per sq ft as of March 2026. The asking price reflects what sellers are currently listing their properties for in the market, influenced by demand, supply, and market sentiment. The Government Registration Rate, however, is typically based on circle rates or government-determined values for property transactions and stamp duty calculation. The provided ₹0 value for the Government Registration Rate might indicate that this specific data point is not applicable or has not been updated in the dataset for Kolkata.

In Kolkata, as of March 2026, 'Ready To Move' properties are priced at ₹6,412 per sq ft, having depreciated by 2.69%. In contrast, 'Under Construction' properties are priced higher at ₹7,023 per sq ft, though they have also seen a depreciation of 5.29%. This suggests that while 'Under Construction' projects are currently more expensive on average, both categories have experienced price corrections. Buyers looking for immediate possession might find 'Ready To Move' properties slightly more stable in price, while 'Under Construction' options, despite a higher current rate, could offer future appreciation potential if market conditions improve.

In Kolkata, as of March 2026, apartments are priced at an average of ₹6,386 per sq ft, showing a 1.43% appreciation. Shops, on the other hand, are significantly more expensive at ₹16,591 per sq ft, and have seen a substantial appreciation of 25.98%. This indicates that while apartments represent the broader residential market with moderate growth, the commercial property segment, specifically shops, has experienced much higher price increases and commands a premium, reflecting strong demand or limited supply in this niche.