Kolkata
The Tollygunge real estate market presents a dynamic landscape characterized by significant price fluctuations and a robust mix of project statuses. Recent quarterly trends highlight a notable shift from ₹7,500 per sq ft in March 2026 to the current average, reflecting shifting demand and high-value project launches. While the rental market remains specialized, local sub-markets show varying performance levels that cater to a wide range of budgets and investment goals. Developers are increasingly focused on high-end residential apartments, with projects like Belani Sanctuary and Mani Vista driving the premium segment.
As of September 2026, the average asking price in Tollygunge stands at ₹9,300 per sq ft. This figure reflects a significant appreciation of 24.1% compared to the previous period, indicating robust demand and a positive shift in market valuation for residential properties in this locality.
Property prices in Tollygunge have shown a dynamic trajectory throughout 2026. Data indicates that the location rate fluctuated from ₹7,650 per sq ft in December 2025 to ₹7,500 per sq ft in March 2026, followed by a rise to ₹9,300 per sq ft in June 2026, and settling at ₹8,500 per sq ft as of September 2026. These shifts highlight the evolving nature of the local real estate market, influenced by changing buyer preferences and inventory availability.
Property prices vary significantly across the vicinity of Tollygunge, reflecting the diverse nature of the micro-markets. For instance, B L Saha Road commands a premium at ₹15,950 per sq ft, having appreciated by 1.7% from the previous period. In contrast, areas like Netaji Nagar are priced at ₹3,450 per sq ft, which represents a depreciation of 10.91% from the prior period. Other notable rates include Sarat Bose Road at ₹13,850 per sq ft (stable with 0% change) and Lake Gardens at ₹6,400 per sq ft, which has seen an appreciation of 6.75%.
As of September 2026, Under Construction properties in Tollygunge are priced at an average of ₹11,900 per sq ft, reflecting a notable appreciation of 23.03% compared to the previous period. Meanwhile, Ready To Move properties are available at an average of ₹8,700 per sq ft, which has appreciated by 10.43% over the same timeframe. This price gap often reflects the premium buyers are willing to pay for newer, modern developments currently under construction versus established, immediate-occupancy inventory.
The most premium residential projects in Tollygunge, based on current listing rates as of September 2026, include Belani Sanctuary at ₹18,850 per sq ft (which has appreciated by 25.62% compared to the previous period) and Mani Vista at ₹17,050 per sq ft (having appreciated by 13.64%). Other high-value projects include Merlin The One at ₹15,800 per sq ft, showing a significant appreciation of 33.27%, and Sugam Morya at ₹14,600 per sq ft, which has appreciated by 3.86%.
Rental rates in the immediate vicinity of Tollygunge show localized variations, such as in Bansdroni, where the average rental rate is ₹50 per sq ft. This rate has experienced a depreciation of 6.67% from the previous period, which may signal a shift in rental demand or an increase in supply within that specific micro-market.
Buyers should note that as of September 2026, apartments in Tollygunge are priced at an average of ₹8,500 per sq ft, which has seen a depreciation of 8.78% compared to the previous period. Conversely, villas are priced at ₹7,400 per sq ft, reflecting a depreciation of 3.13% over the same timeframe. These trends suggest that both property types have undergone a price correction, which may offer a more favorable entry point for prospective buyers compared to earlier periods.
