Kolkata’s residential property market closed 2025 on a strong note, recording its highest annual home registrations in five years. According to Knight Frank India, the Kolkata Metropolitan Area (KMA) registered 62,328 residential properties during the year, marking its best performance since 2020 and signalling a sustained revival in buyer confidence.
The sharp rise in registrations reflects growing end-user demand rather than speculative activity. Buyers across income segments continued to show interest in homeownership, supported by relatively affordable pricing, expanding infrastructure, and improved connectivity across key parts of the metropolitan region. Together, these factors have helped Kolkata emerge as one of the more stable housing markets among India’s major cities.
Steady Momentum Through the Year
Market activity remained consistent throughout 2025, with demand holding firm even in the final quarter. December emerged as the third-strongest month of the year, recording 5,571 property registrations. This performance underlined the depth of demand and showed that buyer confidence remained intact despite broader economic uncertainties.
The registration data covers both the primary market, which includes new home sales by developers, and the secondary market, comprising resale transactions. Healthy participation across both segments suggests buyers are comfortable choosing between ready homes and under-construction properties, depending on their needs and budgets.
Shift in Home Size Preferences
A notable trend during the year was the change in buyer preferences around apartment sizes. Homes ranging between 501 and 1,000 square feet continued to dominate the market, accounting for 59 percent of registrations in December 2025. This marked a sharp increase from 43 percent during the same period in 2024.
In contrast, demand for smaller homes declined. Apartments below 500 square feet accounted for 31 percent of registrations in December, down from 53 percent a year earlier. This shift indicates that buyers are increasingly willing to opt for larger homes that offer better layouts and improved living comfort.
What Industry Experts Are Saying
Commenting on the market’s performance, Shishir Baijal, Chairman and Managing Director of Knight Frank India, described 2025 as a landmark year for Kolkata’s residential sector. He said the record number of registrations reflects the market’s underlying strength, driven primarily by sustained end-user demand.
Baijal also pointed to the growing preference for mid-sized and larger homes and the strong participation from both northern and southern micro-markets. According to him, affordability, infrastructure upgrades, and the expansion of the city’s urban boundaries are collectively reshaping homebuyer behaviour.
North Kolkata Leads in Registrations
North Kolkata continued to dominate residential activity. In December 2025, the North Zone accounted for 37 percent of the city’s total apartment registrations, the highest among all micro-markets. Areas such as Dum Dum, Khardaha, Barasat, and Baranagar recorded strong volumes, supported by a steady supply of affordable and mid-segment housing.
Peripheral locations in the North Zone have gained traction due to better connectivity, access to employment hubs, and competitive pricing. Infrastructure improvements in these areas have further boosted their appeal, particularly among first-time buyers and upgraders.
South Kolkata Maintains Strong Position
The South Zone followed closely, contributing 35 percent of apartment registrations in December. Southern micro-markets continue to attract buyers seeking established neighbourhoods, better social infrastructure, and a more mature urban environment.
The near-equal share between the North and South zones reflects a balanced demand pattern across Kolkata, rather than growth being concentrated in a single corridor. This balance has played a key role in supporting the city’s residential market stability.
Outlook Remains Positive
Looking ahead, industry observers expect Kolkata’s housing market to maintain its steady trajectory. Ongoing infrastructure projects, expanding metro connectivity, and stable employment trends are likely to keep demand resilient.
With developers focusing on right-sized homes at accessible price points, Kolkata appears well placed to sustain its residential momentum, reinforcing its reputation as one of India’s more dependable and structurally sound housing markets.
