Kolkata’s real estate market is having one of its most active years in recent memory. Between January and September 2025, the city registered a remarkable 46,742 apartments, a 32% jump compared to the same period last year. According to data from Knight Frank India, this marks the highest number of apartment registrations in the Kolkata Metropolitan Area (KMA) for any nine-month period since 2020.
The numbers reflect more than just transactions; they tell a story of returning buyer confidence and changing aspirations. After years of conservative buying, Kolkata’s homebuyers appear ready to invest in larger and better-quality homes, a trend that continues to reshape the city’s residential landscape.
Steady Growth Amid Market Shifts
September 2025 alone saw 5,302 apartment registrations, representing a 6% year-on-year rise. The report covers both fresh sales and resale transactions, indicating that the demand is broad-based and not limited to new projects. This consistent growth, despite broader economic uncertainties, highlights the stability and resilience of Kolkata’s housing market.
What’s driving this momentum? Experts point to a mix of factors — improved infrastructure, steady prices, and a desire for more space as lifestyles evolve. “Kolkata’s residential market continued the momentum with 32% YoY growth in property registrations during the first nine months of 2025, indicating steady buyer confidence,” said Shishir Baijal, Chairman and Managing Director of Knight Frank India. “The rise in activity across key zones and the continued preference for quality homes underscore the city’s resilience. With ongoing infrastructure developments and stable demand, the market is well-positioned for sustained momentum in the coming months.”
Bigger Homes Gain Popularity
One of the most notable trends emerging from the data is the shift toward larger apartments. The share of homes sized between 500 and 1,000 sq ft accounted for 53% of all transactions in September 2025 — up from 43% a year ago. Meanwhile, the share of homes over 1,000 sq ft rose sharply to 14%, compared to just 5% in September 2024.
This growing appetite for space mirrors a nationwide pattern. The pandemic years made homebuyers acutely aware of the need for flexible, comfortable living environments — and that sentiment hasn’t faded. Kolkata, once known for compact, affordable housing, is now seeing growing demand for spacious apartments that can accommodate home offices, study areas, and recreational corners.
The trend also signals a maturing buyer base. Instead of short-term investments, many are looking at long-term homes in well-connected areas with modern amenities. Developers have responded by expanding offerings in the mid to premium range, particularly in emerging neighbourhoods.
South Zone Leads the Way
When it comes to location, South Kolkata continues to hold its dominance. The South Zone accounted for 38% of all registrations in September 2025 — the highest among all city zones. Localities such as Behala, Jadavpur, Kasba, Sonarpur, and Thakurpukur saw particularly high activity, driven by affordable and mid-segment housing options.
The North Zone followed closely with a 34% share, retaining its position as the second-most active region for property transactions. These two zones together accounted for nearly three-fourths of all apartment registrations in the city, underscoring where most of the homebuying action is concentrated.
Peripheral areas, in particular, are benefiting from better connectivity and infrastructure upgrades. As Kolkata expands outward, these localities offer buyers a blend of affordability, accessibility, and lifestyle improvements. Projects near metro extensions and new road networks have seen a notable surge in interest.
Confidence in a Resilient Market
Kolkata’s real estate market has often been described as “steady but unspectacular”, a city where prices grow gradually and investors focus more on end-use than speculation. But the current trend tells a more dynamic story. A 32% jump in registrations over nine months signals not just recovery but renewed optimism.
Developers, too, are adapting to this changing demand by introducing projects that balance affordability with quality and space. With steady demand in both primary and secondary markets, the city appears poised for sustained growth heading into 2026.
As Knight Frank’s Baijal notes, ongoing infrastructure projects, from metro expansions to new arterial roads are helping unlock fresh growth corridors across the metropolitan area. For homebuyers, that translates to more choice; for developers, more opportunity.
From compact flats in Behala to larger family homes in New Town and Sonarpur, Kolkata’s housing story in 2025 is one of expansion, in numbers, in space, and in confidence. The city that once prided itself on timeless charm is now embracing a new era of urban living, where tradition meets aspiration and the idea of “home” continues to evolve.
