Mahatma Gandhi Road Property Rates — ₹3,150/sq ft

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Property Rates in Kolkata
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Property Rates in Mahatma Gandhi Road

Property rates in Mahatma Gandhi Road average ₹3,150 per sq ft. This central Kolkata locality offers accessible residential entry points for buyers, with ready-to-move projects like Skyare Enclave II currently priced at ₹4,950 per sq ft. While the market reflects localized trends, prospective homeowners can find value in established residential clusters compared to surrounding areas. The steady availability of ready-to-occupy units provides a clear pathway for those looking to settle in the city center.

Insights

Insights for Mahatma Gandhi Road, Kolkata Real Estate Market Overview

Mahatma Gandhi Road serves as a strategic residential node within Kolkata, offering a distinct value proposition for property seekers. The market is characterized by a balance between established residential inventory and specific project-based growth, with ready-to-move options providing immediate occupancy solutions. Rental demand in the broader vicinity is supported by active hubs like Tangra, where rental rates are currently observed at ₹50 per sq ft. Investors and homebuyers should monitor these patterns as the locality continues to evolve in alignment with broader city trends.

Ready-to-move residential projects currently command an average price of ₹4,950 per sq ft.
Skyare Enclave II stands out as a key residential development in the area, priced at ₹4,950 per sq ft.
The broader rental market in the vicinity, including areas like Tangra, maintains an average rental rate of ₹50 per sq ft.
Market dynamics show a price adjustment of -9.07% for ready-to-move properties, reflecting current buyer-seller negotiations.

Market Strengths

The average asking price of ₹3,150 per sq ft makes the location accessible compared to high-end hubs like Alipore.
Ready-to-move availability provides immediate utility for new homeowners.
The rental market in the nearby Tangra locality remains stable at ₹50 per sq ft.
The presence of established projects like Skyare Enclave II adds credibility to the local residential infrastructure.

Market Challenges

Ready-to-move inventory has seen a price correction of -9.07%, indicating a shift in buyer demand.
The -9.07% change in the Skyare Enclave II project reflects wider adjustments in the local luxury residential segment.

Investment Opportunities

Ready-to-move properties at ₹4,950 per sq ft offer immediate rental income potential.
The proximity to Tangra, which maintains a rental rate of ₹50 per sq ft, supports long-term residential demand.

Top Localities in Mahatma Gandhi Road, Kolkata

Elgin

Avg Price ₹ 19,800 /Sq.Ft.

LISTINGS 4

Shakespeare Sarani

Avg Price ₹ 19,200 /Sq.Ft.

LISTINGS 1

Minto Park

Avg Price ₹ 17,700 /Sq.Ft.

Avg Rent ₹ 91 /Sq.Ft.

YIELD + 6.17

LISTINGS 2

Price Trend

Mahatma Gandhi Road, Kolkata Property Price Trends and Appreciation

About Asking Price Trends

Mahatma Gandhi Road Property Price Comparison

By Localities
By Property Status

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

Real estate values in the Kolkata region exhibit significant variation across different neighborhoods. While Mahatma Gandhi Road averages ₹3,150 per sq ft, surrounding areas command a wide range of pricing. Locations like Alipore and Hazra Road hover at the premium end, reaching ₹13,500 and ₹12,500 per sq ft respectively. Conversely, areas such as Rash Behari Avenue offer a more mid-range entry point at ₹6,300 per sq ft.

Status	No of Project	Rate (₹/Sq.Ft)	Change %
Ready To Move	1	4,950	-9.1

The market at Mahatma Gandhi Road provides clear opportunities for buyers prioritizing immediate occupancy. Ready-to-move inventory consists of 1 unit currently averaging ₹4,950 per sq ft, which has experienced a -9.07% change, offering a potential entry point for those looking to avoid construction-related timelines.

Project & Developer Insights

Top Residential Projects and Developers in Mahatma Gandhi Road

Salarpuria Amarana Residences ₹ 70.56 L - ₹ 1.01 Cr

Central Kolkata, Kolkata

Shriram Grand City ₹ 25.79 L - ₹ 61.54 L

Central Kolkata, Kolkata

Salarpuria Meraki ₹ 96.72 L - ₹ 1.01 Cr

South Kolkata, Kolkata

Godrej Zen Estate ₹ 45 L - ₹ 90 L

Kolkata Suburbs, Kolkata

Godrej Blue ₹ 2.49 Cr - ₹ 4.71 Cr

South Kolkata, Kolkata

Godrej Orchard ₹ 53 L - ₹ 90.7 L

South Kolkata, Kolkata

SPRE Joyville Western Heights ₹ 47.80 L - ₹ 62.31 L

Howrah, Kolkata

Tata 88 East ₹ 3.73 Cr - ₹ 9.55 Cr

South Kolkata, Kolkata

Shapoorji Pallonji Joyville Kolkata ₹ 51.3 L - ₹ 77.49 L

Howrah, Kolkata

Godrej Seven ₹ 63.20 L - ₹ 1.03 Cr

South Kolkata, Kolkata

New Launch

Under Construction

Ready to Move

Shivom Realty ₹ 62.72 L - ₹ 1.29 Cr

7 Projects
11 Years

Skyare Developers ₹ 30 L - ₹ 48.66 L

4 Projects

Top Projects by Listing Rates

Listing Rate

Project Name	Rate (₹/Sq.Ft)	Change %
Skyare Enclave Ii, Mahatma Gandhi Road	4,950	-9.1

Premium residential developments define the upper end of the market in Mahatma Gandhi Road. Skyare Enclave II is a prominent project in this locality, currently priced at ₹4,950 per sq ft, reflecting a -9.07% change in its valuation.

Explore Property Rates in Top Cities

Mumbai

Avg. Asking Price ₹ 38,600 /Sq.Ft

Govt Registration Rate ₹ 18,550 /Sq.Ft

Navi Mumbai

Avg. Asking Price ₹ 19,300 /Sq.Ft

Govt Registration Rate ₹ 13,900 /Sq.Ft

Delhi

Avg. Asking Price ₹ 18,350 /Sq.Ft

Thane

Avg. Asking Price ₹ 15,350 /Sq.Ft

Govt Registration Rate ₹ 9,600 /Sq.Ft

Gurgaon

Avg. Asking Price ₹ 14,850 /Sq.Ft

Pune

Avg. Asking Price ₹ 12,950 /Sq.Ft

Govt Registration Rate ₹ 8,650 /Sq.Ft

Bangalore

Avg. Asking Price ₹ 12,100 /Sq.Ft

Govt Registration Rate ₹ 5,950 /Sq.Ft

Noida

Avg. Asking Price ₹ 11,750 /Sq.Ft

Govt Registration Rate ₹ 9,150 /Sq.Ft

Hyderabad

Avg. Asking Price ₹ 9,300 /Sq.Ft

Govt Registration Rate ₹ 3,800 /Sq.Ft

Chennai

Avg. Asking Price ₹ 7,900 /Sq.Ft

Micromarket-Wise Property Price Trends Around Mahatma Gandhi Road, 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 Mahatma Gandhi Road, Kolkata

Mahatma Gandhi Road, Kolkata Overview

FAQ

Frequently Asked Questions About Property Rates in Mahatma Gandhi Road, Kolkata

What is the current average asking price in Mahatma Gandhi Road?

The average asking price in Mahatma Gandhi Road is ₹3,150 per sq ft as of June 2026. This rate has remained stable with a 0% change, indicating a period of price equilibrium in the local residential apartment market.

How do property rates in Mahatma Gandhi Road compare to nearby neighbourhoods?

Property rates in the vicinity of Mahatma Gandhi Road show significant variation, reflecting the diverse real estate landscape of Kolkata. For instance, Alipore commands a higher average of ₹13,500 per sq ft, despite a depreciation of 11.78% compared to the previous period. Other nearby areas include Hazra Road at ₹12,500 per sq ft (which appreciated by 4.26%) and Sealdah at ₹13,050 per sq ft (which appreciated by 7.56%). Conversely, areas like Chetla and Rash Behari Avenue offer more accessible entry points at ₹7,100 per sq ft and ₹6,300 per sq ft, respectively.

What is the price trend for Ready To Move properties in Mahatma Gandhi Road?

Ready To Move properties in Mahatma Gandhi Road are currently priced at an average of ₹4,950 per sq ft as of June 2026. This segment has experienced a depreciation of 9.07% compared to the previous period, which may reflect a market correction or a shift in the available inventory mix for completed residential units.

What is the rental rate in Tangra compared to other areas?

The average rental rate in Tangra is ₹50 per sq ft as of June 2026. This rate has remained stable with a 0% change, suggesting consistent demand and supply dynamics for rental properties in this specific micromarket.

What is the status of the Skyare Enclave II project in Mahatma Gandhi Road?

Skyare Enclave II is a notable residential project in Mahatma Gandhi Road with a current listing rate of ₹4,950 per sq ft as of June 2026. The project has seen a depreciation of 9.07% in its listing rate compared to the previous period, which potential buyers may view as a competitive adjustment in the current market environment.

How can I use the property rate data on this page to make an informed decision?

You can use this data to benchmark your property search by comparing the average asking price of ₹3,150 per sq ft in Mahatma Gandhi Road against nearby localities like Ballygunge or Alipore. By observing the appreciation or depreciation percentages—such as the 4.26% growth in Hazra Road versus the 6.7% depreciation in Ballygunge—you can identify which neighbourhoods are currently experiencing upward price momentum versus those undergoing a correction. Always consider the property status, such as the ₹4,950 per sq ft rate for Ready To Move units, to align your budget with your immediate occupancy needs.