Kolkata
The Park Street real estate market is defined by its prime central location and a strong emphasis on commercial leasing. While residential apartment prices have seen adjustments, the rental sector thrives, particularly in the premium showroom and office space segments. Investors continue to eye this area for its high rental yields, which significantly outperform many surrounding residential pockets. Recent market trends show a shift in pricing, reflecting a dynamic adjustment to current demand patterns.
As of June 2026, the average asking price in Park Street is ₹8,000 per sq ft. This figure reflects a depreciation of 13.25% compared to the previous reporting period, indicating a market correction in the locality's residential apartment segment.
Property prices in Park Street have shown a downward trajectory over the past year. Data shows the average rate moved from ₹13,300 per sq ft in September 2025 to ₹9,200 per sq ft in December 2025, and further decreased to ₹8,000 per sq ft by March 2026, remaining at that level as of June 2026.
As of June 2026, office spaces in Park Street command a significantly higher average price of ₹13,250 per sq ft, which has depreciated by 2.19% compared to the previous period. In contrast, residential apartments are priced at an average of ₹8,000 per sq ft, having experienced a sharper depreciation of 13.25% over the same timeframe.
Ready To Move properties in Park Street are currently priced at an average of ₹8,800 per sq ft as of June 2026. This segment has seen a depreciation of 20.37% compared to the previous period, positioning it slightly above the broader locality average of ₹8,000 per sq ft.
Property rates in the vicinity of Park Street vary significantly, with Alipore commanding the highest average at ₹13,500 per sq ft (down 11.78%) and Picnic Garden being the most affordable at ₹4,450 per sq ft (up 7.56%). Other nearby areas include Sealdah at ₹13,050 per sq ft (up 7.56%), Hazra Road at ₹12,500 per sq ft (up 4.26%), and Ballygunge at ₹11,100 per sq ft (down 6.7%).
As of June 2026, the rental market in Park Street is led by showrooms at ₹300 per sq ft, which have appreciated by 24.8% compared to the previous period. Shops are currently renting at ₹200 per sq ft with stable rates (0% change), while office spaces are available at ₹100 per sq ft, reflecting an appreciation of 2.63%.
The average rental yield in Park Street is currently 11.70% as of June 2026, with an average rental rate of ₹78 per sq ft, which has appreciated by 2.63% compared to the previous period. A high rental yield is a key indicator for investors, suggesting that the income generated from leasing property is strong relative to the current capital investment required for purchasing in the area.
As of June 2026, the average rental rate in Tangra is ₹50 per sq ft, which has remained stable with 0% change compared to the previous period. This is lower than the broader Park Street average rental rate of ₹78 per sq ft, providing a more accessible entry point for tenants looking for commercial or residential space in this part of Kolkata.
As of June 2026, the Eco Exquisito project in Park Street has a listing rate of ₹8,800 per sq ft. This rate has seen a minor depreciation of 0.11% compared to the previous period, making it a notable residential option within the central Kolkata market.
The depreciation in Park Street, such as the 13.25% decrease in apartment prices observed as of June 2026, typically signals a market correction or a shift in demand-supply dynamics. For buyers, this may represent an opportunity to enter a premium locality at a lower price point than previously recorded, while investors should analyze whether this trend aligns with their long-term capital appreciation goals.
