Shobhabazar Property Rates — ₹7,150/sq ft

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Property rates in Shobhabazar average ₹7,150 per sq ft. This established Kolkata locality maintains a stable market profile, offering diverse residential options for buyers. The area features a mix of ready-to-move and new launch projects, both priced at approximately ₹5,900 per sq ft, providing accessible entry points. Meanwhile, the broader residential segment continues to draw interest, supported by consistent demand for apartments which serve as the primary property type in this historic neighborhood.

Insights

Insights for Shobhabazar, Kolkata Real Estate Market Overview

Shobhabazar presents a steady real estate landscape characterized by consistent pricing and a balanced mix of residential inventory. Current market activity shows an average asking price of ₹7,150 per sq ft for apartments, while new and ready-to-move projects offer attractive entry points at ₹5,900 per sq ft. The rental market in the surrounding region reflects a diverse range of rates, with areas like Tiretti and Bow Bazaar commanding ₹100 per sq ft. This combination of stable capital values and localized rental demand makes the area a notable point of interest for investors and homebuyers alike.

Apartments in Shobhabazar are currently priced at an average of ₹7,150 per sq ft.
Ready-to-move and new launch projects provide consistent supply at an average rate of ₹5,900 per sq ft.
Rental rates in nearby Tiretti and Bow Bazaar reach up to ₹100 per sq ft, indicating strong leasing potential.
The residential sector remains the primary focus for local property developments.
Synergy De Villa stands out as a key project in the current market, priced at ₹5,900 per sq ft.

Market Strengths

Stable average asking price of ₹7,150 per sq ft for residential apartments.
Proximity to high-rent micromarkets like Tiretti and Bow Bazaar at ₹100 per sq ft.
Diverse project status options including both ready-to-move and new launch developments.
Competitive entry-level pricing for new residential projects at ₹5,900 per sq ft.
Strong relative value compared to premium nearby hubs like Kankurgachi.

Market Challenges

New launch projects in the area have seen a price adjustment of -11.92%.
Apartment pricing has experienced a minor market correction of -2.54%.

Investment Opportunities

Ready-to-move projects are currently available at an attractive entry point of ₹5,900 per sq ft.
New launch opportunities offer similar competitive pricing at ₹5,900 per sq ft for those looking at future assets.
Rental yields in nearby areas like Tiretti and Bow Bazaar remain strong at ₹100 per sq ft.
The residential apartment segment provides a stable investment base at an average of ₹7,150 per sq ft.

Price Trend

Shobhabazar, Kolkata Property Price Trends and Appreciation

The market in Shobhabazar has settled at an average rate of ₹7,150 per sq ft as of September 2025. This pricing reflects the current value assessment for residential properties within the locality compared to the broader micromarket average of ₹4,600 per sq ft.

Asking Price Trends

₹ 7,150/Sq.Ft

Sep 2025 — Jun 2026

Quarter	City Rate
Jun 2026	0
Mar 2026	0
Dec 2025	0
Sep 2025	7150

About Asking Price Trends

Shobhabazar Property Price Comparison

By Localities
By Property Type
By Property Status

Location	Rate (₹/Sq.Ft)	Change %
Ultadanga	8,300	-
Bbd Bagh	13,350	-15.5
Paikpara	6,450	34.7
Kankurgachi	9,650	27

Shobhabazar sits within a competitive regional landscape, surrounded by diverse property hubs. Kankurgachi commands a premium at ₹9,650 per sq ft, showing a significant growth of 27.03%. Meanwhile, Ultadanga maintains a higher average at ₹8,300 per sq ft, while Paikpara offers a more accessible entry point at ₹6,450 per sq ft, having experienced a notable increase of 34.66%.

Type	Rate (₹/Sq.Ft)	Change %
Villa	5,800	0.1
Apartment	7,150	-2.5

The Shobhabazar market caters to diverse buyer preferences across key residential categories. Apartments lead the segment at ₹7,150 per sq ft, experiencing a slight adjustment of -2.54%. Additionally, villas are available at ₹5,800 per sq ft, reflecting the variety of housing choices available to those looking for space and distinct living environments.

Status	No of Project	Rate (₹/Sq.Ft)	Change %
Ready To Move	1	5,900	-
New Launch	1	5,900	-11.9

The Shobhabazar market offers properties across various development stages to suit different buyer timelines. Ready-to-move units currently average ₹5,900 per sq ft, providing immediate occupancy options. Similarly, new launch projects are priced at ₹5,900 per sq ft, showing an adjustment of -11.92%, which allows prospective buyers to align their investment with current market supply.

Project & Developer Insights

Top Residential Projects and Developers in Shobhabazar

Godrej Prakriti ₹ 58.96 L - ₹ 1.00 Cr

North Kolkata, Kolkata

Salarpuria Meraki ₹ 98 L - ₹ 1.15 Cr

South Kolkata, Kolkata

Godrej Blue ₹ 2.49 Cr - ₹ 4.71 Cr

South Kolkata, Kolkata

Godrej Orchard ₹ 53 L - ₹ 90.7 L

South Kolkata, Kolkata

Tata 88 East ₹ 3.70 Cr - ₹ 9.55 Cr

South Kolkata, Kolkata

Shriram Grand City ₹ 25.79 L - ₹ 61.54 L

Central 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

Merlin Group ₹ 15 L - ₹ 4.69 Cr

75 Projects
35 Years

Vinayak ₹ 39.91 L - ₹ 76.68 L

24 Projects

Synergy Consultants

1 Projects

Top Projects by Listing Rates

Listing Rate

Project Name	Rate (₹/Sq.Ft)	Change %
Synergy De Villa, Shobhabazar	5,900	-11.9

Premium residential developments in Shobhabazar are setting clear value benchmarks for the area. Synergy De Villa is priced at ₹5,900 per sq ft, reflecting a -11.92% change, and serves as a primary residential option for those seeking new developments in North Kolkata.

Explore Property Rates in Top Cities

Mumbai

Avg. Asking Price ₹ 37,700 /Sq.Ft

Govt Registration Rate ₹ 18,300 /Sq.Ft

Delhi

Avg. Asking Price ₹ 18,200 /Sq.Ft

Thane

Avg. Asking Price ₹ 16,000 /Sq.Ft

Govt Registration Rate ₹ 9,650 /Sq.Ft

Gurgaon

Avg. Asking Price ₹ 15,100 /Sq.Ft

Pune

Avg. Asking Price ₹ 13,550 /Sq.Ft

Govt Registration Rate ₹ 8,750 /Sq.Ft

Noida

Avg. Asking Price ₹ 12,650 /Sq.Ft

Govt Registration Rate ₹ 9,100 /Sq.Ft

Bangalore

Avg. Asking Price ₹ 12,400 /Sq.Ft

Chennai

Avg. Asking Price ₹ 9,200 /Sq.Ft

Kolkata

Avg. Asking Price ₹ 6,800 /Sq.Ft

Lucknow

Avg. Asking Price ₹ 6,600 /Sq.Ft

Govt Registration Rate ₹ 7,550 /Sq.Ft

Micromarket-Wise Property Price Trends Around Shobhabazar, Kolkata

Central Kolkata

Avg. Asking Price ₹ 10,300 /Sq.Ft

South Kolkata

Avg. Asking Price ₹ 6,850 /Sq.Ft

North Kolkata

Avg. Asking Price ₹ 4,850 /Sq.Ft

More insights about Shobhabazar, Kolkata

Shobhabazar, Kolkata Overview

FAQ

Frequently Asked Questions About Property Rates in Shobhabazar, Kolkata

What is the average asking price in Shobhabazar as of June 2026?

The average asking price in Shobhabazar is ₹7,150 per sq ft as of June 2026. This rate has remained stable, showing no change in percentage compared to previous reporting periods, which indicates a period of price consolidation in this residential market.

How have property prices in Shobhabazar trended recently?

Property prices in Shobhabazar have shown a steady upward trajectory in the micromarket rates over the last year. The micromarket rate rose from ₹4,600 per sq ft in September 2025 to ₹4,850 per sq ft by June 2026, reflecting a consistent growth trend that suggests sustained interest in the locality.

How do property prices in Shobhabazar compare to nearby areas?

Property prices in Shobhabazar vary significantly when compared to surrounding localities. For instance, the average asking price in Kankurgachi is ₹9,650 per sq ft, which has appreciated by 27.03% from previous periods, while Ultadanga maintains an average asking price of ₹8,300 per sq ft with stable rates. Meanwhile, Paikpara has seen a notable appreciation of 34.66%, bringing its average asking price to ₹6,450 per sq ft.

What is the price difference between apartments and villas in Shobhabazar?

As of June 2026, apartments in Shobhabazar command an average asking price of ₹7,150 per sq ft, which has depreciated by 2.54% compared to earlier data. In contrast, villas are priced at an average of ₹5,800 per sq ft, showing a marginal appreciation of 0.12% over the same period.

What are the current rates for ready-to-move versus new launch projects in Shobhabazar?

Both ready-to-move and new launch projects in Shobhabazar are currently priced at an average of ₹5,900 per sq ft as of June 2026. While ready-to-move projects have maintained stable pricing with no percentage change, new launch projects have experienced a depreciation of 11.92% compared to previous reporting periods.

What does the data show for Synergy De Villa in Shobhabazar?

Synergy De Villa is a notable project in Shobhabazar with a current listing rate of ₹5,900 per sq ft as of June 2026. This project has seen a depreciation of 11.92% in its listing rate compared to earlier valuation periods, reflecting the broader trend observed in new launch segments within the locality.

How do rental rates compare across the micromarkets near Shobhabazar?

Rental rates in the vicinity of Shobhabazar show varied performance across different neighbourhoods. Tiretti currently records an average rental rate of ₹100 per sq ft, which has depreciated by 5.5% from previous periods, while Bow Bazaar also maintains an average rental rate of ₹100 per sq ft with stable pricing. In comparison, Bbd Bagh reports an average rental rate of ₹50 per sq ft, having depreciated by 10.84%.