Property Rates in Kolkata

Kolkata's property rates have shown some fluctuation over the past few quarters. From June 2025 to March 2026, the average city rate moved from ₹6,350 per sq ft to ₹6,400 per sq ft, with a peak of ₹6,450 per sq ft in September 2025. This trajectory suggests a generally stable market with minor upward movements, indicating resilience in demand.

Property rates in Kolkata's micromarkets show significant variation. As of March 2026, Howrah has an average rate of ₹3,100 per sq ft, which has appreciated by 5.2%. In contrast, Hooghly's average rate is ₹3,500 per sq ft, but it has depreciated by 9% over the same period. These figures highlight distinct market dynamics within different sub-regions of the city.

As of March 2026, Kolkata offers diverse property types with varying price points. Apartments are priced at an average of ₹6,400 per sq ft, showing a 1.43% appreciation. Villas are significantly higher at ₹8,850 per sq ft, with a substantial appreciation of 33.25%. Commercial properties like shops are priced at ₹16,600 per sq ft (up 25.98%), while office spaces are at ₹10,350 per sq ft (down 6.28%).

Property prices in Kolkata vary by construction status as of March 2026. 'Under Construction' properties are priced at ₹7,000 per sq ft, showing a depreciation of 5.29%. 'Ready To Move' properties are priced at ₹6,400 per sq ft, with a depreciation of 2.73%. 'New Launch' properties are available at ₹6,050 per sq ft, down 1.66%. 'Advanced Stage' properties are priced at ₹6,100 per sq ft, appreciating by 5.29%, indicating varied market sentiment across different stages of development.

As of March 2026, projects like Master Amara in Alipore command the highest listing rates in Kolkata at ₹23,000 per sq ft, having appreciated by 71.55%. Tata 88 East, also in Alipore, is listed at ₹21,000 per sq ft with a slight depreciation of 0.65%. Godrej Platinum, in the same locality, is at ₹20,600 per sq ft, down 3.16%. These premium projects in South Kolkata show a mix of appreciation and depreciation, reflecting specific project dynamics.

As of March 2026, the average rental rate in Kolkata is ₹22 per sq ft, which has depreciated by 8.33%. The rental yield stands at 4.13%. This indicates that while rental income has seen a slight decrease, the yield remains a moderate factor for property investors considering the capital appreciation potential.

In Kolkata, rental rates vary by BHK configuration as of March 2026. A 1 BHK apartment typically rents for ₹13,100 per month, while a 2 BHK commands an average of ₹18,800 per month. For larger spaces, a 3 BHK averages ₹24,450 per month, and a 4 BHK can be rented for approximately ₹50,100 per month. This progression shows a clear increase in rental demand and pricing with more spacious units.

As of March 2026, rental rates in Kolkata differ significantly by property type. Apartments and villas command a rental rate of ₹50 per sq ft, with apartments seeing an 8.33% depreciation. Commercial spaces like showrooms, shops, and office spaces are all listed at ₹100 per sq ft, with showrooms depreciating by 26.71% and office spaces by 5%. This suggests a stronger rental demand for residential units compared to commercial properties.

As of March 2026, several projects in Kolkata offer premium rental rates. Bengal Peerless Avidipta in EM Bypass (Central Kolkata) has a current rental rate of ₹35 per sq ft. Following closely are Ambuja Utalika: The Condoville (EM Bypass) and Unitech Fresco Kolkata (Rajarhat New Town), both at ₹33 per sq ft. Ambuja Utalika has seen a 6.45% appreciation in its rental rate, indicating strong rental demand in these prime locations.

As of March 2026, 'Ready To Move' properties in Kolkata are priced at an average of ₹6,400 per sq ft, which has seen a depreciation of 2.73%. In contrast, 'Under Construction' properties are priced higher at ₹7,000 per sq ft, with a depreciation of 5.29%. This pricing structure suggests that while 'Under Construction' units may offer a premium, 'Ready To Move' options are more established in the market, despite a recent price dip.

As of March 2026, the average rental rate in Kolkata has depreciated by 8.33% to ₹22 per sq ft, with a rental yield of 4.13%. While the depreciation in rental rates might seem concerning, the stable rental yield suggests that rental income still provides a consistent return on investment. Investors should monitor specific micromarket and property type rental trends for nuanced opportunities.