Kolkata
The real estate market at Harish Mukherjee Road is currently navigating a stabilization phase, with current property prices averaging ₹9,100 per sq ft. Investors are finding significant value here, supported by a healthy rental yield of 14.24% and an average rental rate of ₹108 per sq ft. While residential apartment prices have seen some fluctuation, the underlying demand for prime real estate continues to support the locality's standing. Commercial property segments also contribute to the area's versatility, maintaining steady rental rates.
The average asking price in Harish Mukherjee Road is ₹9,100 per sq ft as of March 2026. This rate has remained stable, showing no change in percentage compared to the previous period. For potential buyers, this stability indicates a consistent market valuation for residential apartments in this locality.
Property prices in the Harish Mukherjee Road micromarket have shown an upward trajectory, moving from ₹6,000 per sq ft in June 2025 to ₹6,550 per sq ft by March 2026. This consistent quarterly increase reflects growing demand for residential spaces in the area, signaling a strengthening market that may interest long-term investors tracking capital appreciation.
Property rates in Harish Mukherjee Road, currently at ₹9,100 per sq ft, sit in the mid-to-high range compared to surrounding areas. For instance, Alipore commands a higher average of ₹13,500 per sq ft, though it experienced a depreciation of 11.78% from the previous period. Conversely, more affordable options are available in Lake Gardens at ₹6,000 per sq ft, which saw an appreciation of 4.87%, and Rash Behari Avenue at ₹6,300 per sq ft, which saw a minor depreciation of 1.91%.
The average rental rate in Harish Mukherjee Road is ₹108 per sq ft as of March 2026, with a notable rental yield of 14.24%. This rental rate has remained stable with no percentage change compared to the previous period. For investors, a rental yield of over 14% is significant, suggesting that the locality offers strong income-generating potential relative to the capital investment required for property ownership.
Rental rates across micromarkets surrounding Harish Mukherjee Road show a mix of stability and fluctuation as of March 2026. Areas like Acharya Jagadish Chandra Bose Road, Minto Park, Tollygunge, and Kasba all maintain a steady rental rate of ₹100 per sq ft with no change in percentage. Park Street also averages ₹100 per sq ft but has seen an appreciation of 2.63%, while Camac Street, also at ₹100 per sq ft, experienced a depreciation of 18%. Park Circus remains the most accessible option at ₹50 per sq ft, showing no change in its rental rate.
The average rental rate for office spaces in Harish Mukherjee Road is ₹100 per sq ft as of March 2026. This rate has remained stable, recording a 0% change compared to the previous period. This consistency provides a predictable cost environment for businesses looking to establish a presence in this specific micromarket.
As of March 2026, the average asking price for apartments in Harish Mukherjee Road is ₹9,100 per sq ft. This figure reflects a depreciation of 13.38% compared to the previous period, which may present a strategic entry point for buyers looking for value in a well-connected area. Monitoring these fluctuations helps in identifying whether the current market conditions align with long-term investment goals or immediate residential needs.
