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Kolkata’s luxury housing market sees price growth amid mixed trends

2025-05-21

A new study by Nklusive reveals that Kolkata’s luxury residential market (Rs 5–10 crore) recorded a 33 per cent year-on-year rise in supply and a 52 per cent increase in sales in calendar year 2024 (CY24). South Kolkata led with 78 per cent of the segment’s supply. The average price rose by 6 per cent—from Rs 17,519 to Rs 18,600 per sq ft—while unsold inventory grew by 15 per cent. Monthly absorption improved from 2 to 3 units.

In contrast, the ultra-luxury segment (Rs 10 crore and above) experienced a 17 per cent decline in supply and a 30 per cent fall in sales. Central Kolkata accounted for 53 per cent of the segment’s inventory, followed by South Kolkata with 45 per cent. Despite softer demand, prices in this category rose by 8 per cent to Rs 28,415 per sq ft. Monthly absorption dropped from 7 to 5 units, while unsold inventory fell by 5 per cent.

The report highlights firm pricing across both segments, indicating sustained interest in high-end housing. Nklusive attributes the trend to strategic launches, evolving buyer expectations, and differentiated offerings in Kolkata’s premium residential market.