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Kolkata’s housing market is buzzing with activity. From July to September 2025, builders added 4,890 new homes, a huge 56% jump from the same period last year and a 95% leap from the previous three months. Most of these homes, about 75%, are priced between Rs 40 lakh and Rs 1.5 crore, perfect for middle-class families looking for affordable yet comfortable flats.
The city also saw strong sales, with 4,130 homes sold in the third quarter. That’s 17% more than the prior quarter and 4% higher than Q3 2024, according to real estate firm Anarock. This shows buyers are eager, especially for mid-range homes in areas like Rajarhat and New Town, which offer good roads, schools, and jobs.
Across India’s top seven cities, Mumbai, Delhi-NCR, Bengaluru, Pune, Hyderabad, Chennai, and Kolkata, a total of 97,080 homes were sold in Q3 2025, slightly down from over 1 lakh last year. But the total value of these sales grew 14% to Rs 1.5 lakh crore from Rs 1.3 lakh crore. Why? People are buying pricier homes, especially luxury ones costing over Rs 1.5 crore, which made up 38% of new launches. Affordable homes under Rs 40 lakh were only 16% of the supply.
Mumbai led sales with 30,260 homes, followed by Pune with 16,620. Together, they covered nearly half of all sales. New launches hit 96,690 units across these cities, up 3% from last year. Mumbai topped this too, with 29,565 new homes, and Pune added 19,375. Kolkata’s 4,890 launches are smaller but still a big deal for the city.
Home prices rose 9% overall compared to last year. Delhi-NCR saw the biggest jump at 24%, driven by demand in its suburbs. Bengaluru’s prices grew 10%, thanks to its tech boom. Kolkata’s prices stayed steadier, but the new supply might push them up soon. Unsold homes stayed stable, meaning builders aren’t overbuilding.
Anarock’s chairman, Anuj Puri, said, “Even with global problems like economic ups and downs, people in India are still buying homes. Better salaries, growing cities, and the dream of owning a house keep the market strong.” But he warned that high prices and uneven demand in some cities could slow things down.
For Kolkata, this growth means more options for buyers. Areas like New Town are popular for their connectivity and amenities. The focus on mid-range homes fits the city’s practical vibe, catering to families who want value without breaking the bank.
Nationally, the housing market looks healthy. Sales outpacing new launches keeps things balanced, avoiding price drops. Mumbai’s huge numbers show its endless draw, while Pune’s rise comes from affordable land and young buyers. Kolkata’s surge proves it’s catching up, offering modern flats in well-planned areas.
Looking forward, the festive season might boost sales further. Government schemes like PMAY help keep affordable homes in reach. For investors, cities like Kolkata offer solid potential as India’s middle class grows.
The bigger picture is clear: people want homes, and cities are expanding. Kolkata’s 4,890 new units are a sign of confidence in its future. Builders are meeting demand without flooding the market, which is good for stability. But they’ll need to watch costs to keep homes affordable.
Puri summed it up well. Rising incomes and urban growth fuel this boom, but affordability challenges linger. For now, Kolkata’s market is thriving, giving families more chances to own a home in a city that’s finding its stride.
