Elgin Property Rates — ₹19,800/sq ft

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Property rates in Elgin average ₹19,800 per sq ft, reflecting a strong upward trend in the local real estate market. This premium locality continues to attract significant interest, with apartment prices rising by 15.67% over the recent period. The market is supported by a mix of ready-to-move and new launch projects, positioning Elgin as a prime choice for buyers seeking high-value residential assets in a well-connected part of Kolkata.

Insights

Insights for Elgin, Kolkata Real Estate Market Overview

The Elgin real estate market demonstrates a robust upward trajectory, with current average asking prices reaching ₹19,800 per sq ft. This growth is mirrored by a 15.67% increase in apartment valuations, showcasing consistent demand for premium residential spaces. The area balances a mix of completed properties and new launches, providing diverse options for investors and homebuyers. Rental activity in the surrounding micro-markets, such as Tangra at ₹50 per sq ft, complements the overall property ecosystem.

Apartment prices in Elgin have appreciated by 15.67%, outperforming several neighboring localities.
New launch projects are currently priced at an average of ₹9,050 per sq ft, offering competitive entry points for modern inventory.
Ready-to-move projects maintain a stable valuation of ₹8,950 per sq ft, ideal for buyers prioritizing immediate possession.
Top-tier developments like Sugam Hungerford House and Orbit Victoria serve as benchmarks for the local luxury segment.

Market Strengths

Strong double-digit appreciation of 15.67% in the residential apartment sector.
Diverse project status availability ranging from new launches to established ready-to-move developments.
High benchmark pricing driven by premium projects like Sugam Hungerford House.
Strategic location within South Kolkata providing excellent connectivity and lifestyle amenities.
Stable rental rates in nearby micro-markets like Tangra supporting the regional rental ecosystem.

Market Challenges

High entry costs for new investors due to the current average asking price of ₹19,800 per sq ft.
Limited new supply in the under-construction segment compared to ready-to-move options.

Investment Opportunities

Capitalize on the 15.67% growth in apartment valuations observed in the Elgin market.
Explore new launch projects priced at ₹9,050 per sq ft for potential long-term appreciation.
Consider ready-to-move inventory at ₹8,950 per sq ft for immediate rental income potential.
Leverage the price stability of under-construction projects currently priced at ₹8,850 per sq ft.

Top Localities in Elgin, Kolkata

Camac Street

Avg Price ₹ 12,450 /Sq.Ft.

Avg Rent ₹ 82 /Sq.Ft.

YIELD + 7.90

LISTINGS 9

Mahatma Gandhi Road

Avg Price ₹ 3,150 /Sq.Ft.

LISTINGS 5

Minto Park

Avg Price ₹ 17,700 /Sq.Ft.

Avg Rent ₹ 91 /Sq.Ft.

YIELD + 6.17

LISTINGS 2

Shakespeare Sarani

Avg Price ₹ 19,200 /Sq.Ft.

LISTINGS 2

Price Trend

Elgin, Kolkata Property Price Trends and Appreciation

Elgin has seen a notable rise in property rates, moving from ₹17,100 per sq ft in September 2025 to ₹19,800 per sq ft by December 2025. This consistent growth highlights the increasing desirability of the location for residential investment. Such trends underscore the market's strong upward momentum over the final quarter of the year.

Asking Price Trends

₹ 19,800/Sq.Ft

Sep 2025 — Jun 2026

Quarter	City Rate
Jun 2026	0
Mar 2026	0
Dec 2025	19800
Sep 2025	17100

About Asking Price Trends

Elgin Property Price Comparison

By Localities
By Property Type
By Property Status

Location	Rate (₹/Sq.Ft)	Change %
Park Street	8,000	-13.2
Bhowanipore	8,550	1.1
Ballygunge	11,100	-6.7
Chetla	7,100	1.4
Park Circus	7,750	13.3
Hazra Road	12,500	4.3
Alipore	13,500	-11.8
Rash Behari Avenue	6,300	-1.9
Tangra	10,450	-8
Sealdah	13,050	7.6

Elgin stands at the premium end of the spectrum compared to surrounding areas in Kolkata. While Ballygunge commands a high ₹11,100 per sq ft and Hazra Road averages ₹12,500 per sq ft, Elgin maintains a distinct lead in pricing. Other nearby localities like Rash Behari Avenue average ₹6,300 per sq ft and Chetla hovers around ₹7,100 per sq ft, highlighting the significant price premium associated with Elgin's prime residential positioning.

Type	Rate (₹/Sq.Ft)	Change %
Apartment	19,800	15.7

The residential market in Elgin is primarily driven by apartment options, which average ₹19,800 per sq ft. This category has experienced a robust 15.67% increase, reflecting strong buyer appetite for premium living spaces in this locality.

Status	No of Project	Rate (₹/Sq.Ft)	Change %
Ready To Move	3	8,950	-2
Under Construction	1	8,850	-
New Launch	3	9,050	-2.5

Elgin provides a balanced supply of properties across various stages of development to suit different buyer needs. Ready-to-move projects offer stability at ₹8,950 per sq ft, while new launch projects are priced at ₹9,050 per sq ft. Additionally, under-construction inventory is available at ₹8,850 per sq ft, allowing buyers to choose based on their preferred possession timeline.

Project & Developer Insights

Top Residential Projects and Developers in Elgin

Salarpuria Meraki ₹ 96.72 L - ₹ 1.01 Cr

South Kolkata, Kolkata

Godrej Blue ₹ 2.49 Cr - ₹ 4.71 Cr

South Kolkata, Kolkata

Godrej Orchard ₹ 52.21 L - ₹ 85.26 L

South Kolkata, Kolkata

Tata 88 East ₹ 3.73 Cr - ₹ 9.55 Cr

South Kolkata, Kolkata

Godrej Seven ₹ 63.20 L - ₹ 1.03 Cr

South Kolkata, Kolkata

Godrej Zen Estate ₹ 45 L - ₹ 74.47 L

Kolkata Suburbs, Kolkata

Salarpuria Amarana Residences ₹ 70.56 L - ₹ 1.01 Cr

Central Kolkata, Kolkata

SPRE Joyville Western Heights ₹ 47.80 L - ₹ 62.31 L

Howrah, Kolkata

Shriram Grand City ₹ 25.79 L - ₹ 61.54 L

Central Kolkata, Kolkata

Shapoorji Pallonji Joyville Kolkata ₹ 47.25 L - ₹ 71.37 L

Howrah, Kolkata

New Launch

Under Construction

Ready to Move

PS Group ₹ 14.5 L - ₹ 8.77 Cr

45 Projects
34 Years

Orbit Group ₹ 55.80 L - ₹ 10.36 Cr

23 Projects

Sugam Homes ₹ 23.03 L - ₹ 3.05 Cr

21 Projects
30 Years

Avani Group

16 Projects
9 Years

Belani Group ₹ 39.73 L - ₹ 6.55 Cr

16 Projects
50 Years

Arya Group ₹ 95.34 L - ₹ 2.60 Cr

3 Projects
9 Years

Hazelton Highrise LLP

1 Projects

PS Developers

1 Projects

Top Projects by Listing Rates

Listing Rate

Project Name	Rate (₹/Sq.Ft)	Change %
Sugam Hungerford House, Elgin	9,400	1.1
Orbit Victoria, Elgin	9,350	0.6
The Hazelton, Elgin	9,250	2.9
Ps The Balmoral, Elgin	8,950	-
Arya Park Imperial, Elgin	8,850	7.6
Belani Metro Towers, Elgin	8,250	14.9

Premium residential projects in Elgin set the benchmark for luxury living in the region. Sugam Hungerford House leads with a rate of ₹9,400 per sq ft, followed closely by Orbit Victoria at ₹9,350 per sq ft. Other notable developments like The Hazelton, PS The Balmoral, and Arya Park Imperial maintain strong value positions, further cementing Elgin's status as a high-demand residential destination.

Explore Property Rates in Top Cities

Mumbai

Avg. Asking Price ₹ 38,600 /Sq.Ft

Govt Registration Rate ₹ 18,350 /Sq.Ft

Navi Mumbai

Avg. Asking Price ₹ 19,300 /Sq.Ft

Govt Registration Rate ₹ 13,950 /Sq.Ft

Delhi

Avg. Asking Price ₹ 18,350 /Sq.Ft

Thane

Avg. Asking Price ₹ 15,350 /Sq.Ft

Govt Registration Rate ₹ 9,500 /Sq.Ft

Gurgaon

Avg. Asking Price ₹ 14,850 /Sq.Ft

Bangalore

Avg. Asking Price ₹ 12,100 /Sq.Ft

Govt Registration Rate ₹ 5,900 /Sq.Ft

Noida

Avg. Asking Price ₹ 11,750 /Sq.Ft

Govt Registration Rate ₹ 8,900 /Sq.Ft

Hyderabad

Avg. Asking Price ₹ 9,300 /Sq.Ft

Govt Registration Rate ₹ 3,700 /Sq.Ft

Chennai

Avg. Asking Price ₹ 7,900 /Sq.Ft

Lucknow

Avg. Asking Price ₹ 6,700 /Sq.Ft

Govt Registration Rate ₹ 4,000 /Sq.Ft

Micromarket-Wise Property Price Trends Around Elgin, Kolkata

Central Kolkata

Avg. Asking Price ₹ 10,550 /Sq.Ft

East Kolkata

Avg. Asking Price ₹ 7,350 /Sq.Ft

South Kolkata

Avg. Asking Price ₹ 6,550 /Sq.Ft

North Kolkata

Avg. Asking Price ₹ 4,700 /Sq.Ft

North Central

Avg. Asking Price ₹ 4,300 /Sq.Ft

Hooghly

Avg. Asking Price ₹ 3,500 /Sq.Ft

Howrah

Avg. Asking Price ₹ 3,100 /Sq.Ft

More insights about Elgin, Kolkata

Elgin, Kolkata Overview

FAQ

Frequently Asked Questions About Property Rates in Elgin, Kolkata

What is the average asking price in Elgin, Kolkata as of June 2026?

The average asking price in Elgin, Kolkata is ₹19,800 per sq ft as of June 2026. This rate has remained stable with a 0% change, indicating a period of price consolidation in the local residential market.

How have property prices in Elgin, Kolkata trended recently?

Property prices in Elgin, Kolkata have shown a positive trajectory in the micromarket rate, which rose from ₹6,350 per sq ft in December 2025 to ₹7,150 per sq ft by June 2026. This upward movement suggests growing demand and sustained interest in the area over the last two quarters.

How do property rates in Elgin compare to nearby neighbourhoods in Kolkata?

Property rates in Elgin, at ₹19,800 per sq ft, are significantly higher than many surrounding areas. For comparison, average asking prices in nearby localities include Alipore at ₹13,500 per sq ft (which depreciated by 11.78%), Sealdah at ₹13,050 per sq ft (which appreciated by 7.56%), and Hazra Road at ₹12,500 per sq ft (which appreciated by 4.26% from previous periods). Other areas like Park Street and Ballygunge show rates of ₹8,000 per sq ft and ₹11,100 per sq ft respectively, highlighting Elgin's premium positioning in the city.

What is the price difference between ready-to-move and under-construction apartments in Elgin?

As of June 2026, ready-to-move apartments in Elgin are priced at an average of ₹8,950 per sq ft, having depreciated by 1.98% compared to the prior period. In contrast, under-construction projects are priced at ₹8,850 per sq ft, maintaining a stable rate with 0% change, while new launch projects are currently at ₹9,050 per sq ft, reflecting a depreciation of 2.49%.

Which are some of the prominent residential projects in Elgin by listing rates?

Prominent projects in Elgin include Sugam Hungerford House, which is listed at ₹9,400 per sq ft (appreciating by 1.13%), and Orbit Victoria, priced at ₹9,350 per sq ft (appreciating by 0.56%). Other notable developments include The Hazelton at ₹9,250 per sq ft (up 2.89%), PS The Balmoral at ₹8,950 per sq ft (stable at 0%), Arya Park Imperial at ₹8,850 per sq ft (up 7.6%), and Belani Metro Towers at ₹8,250 per sq ft (up 14.93%). These figures reflect the diverse price points available within the locality as of June 2026.

What are the current rental trends for properties near Elgin?

While specific rental data for Elgin is limited, the broader rental market in the vicinity shows activity in areas like Tangra, where the average rental rate is ₹50 per sq ft as of June 2026. This rate has remained stable with 0% change over the observed period, providing a baseline for rental expectations in the wider region.