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The Kolkata Metropolitan Area (KMA) recorded 4,974 residential property registrations in February, marking a 63 per cent increase over the previous month, according to data from Knight Frank India. The growth reflects a rebound from a low base in January, while registrations remained marginally lower by 1 per cent year-on-year. Mid-sized apartments between 501 and 1,000 sq ft accounted for 58 per cent of total transactions, indicating a shift towards value-driven housing. North and South Kolkata together contributed around 75 per cent of activity, with Rajarhat, Dum Dum and Barasat emerging as leading micro-markets. The data covers both primary and secondary residential transactions.
The Kolkata Metropolitan Area (KMA) recorded 4,974 residential property registrations in February, reflecting a 63 per cent increase compared to the previous month, according to data released in the past week by Knight Frank India, with the rise attributed to a recovery from a seasonal slowdown in January. Advertisement
On a year-on-year basis, registrations were marginally lower by 1 per cent compared to 5,016 units recorded in the corresponding period last year. The data, sourced from the Directorate of Registrations and Stamps Revenue, Government of West Bengal, includes transactions across both primary (new sales) and secondary (resale) markets for residential apartments.
Segment-wise analysis indicates a shift in buyer preference towards mid-sized homes. Apartments in the 501–1,000 sq ft category accounted for 58 per cent of total registrations in February, up from 44 per cent a year earlier. In contrast, the share of units below 500 sq ft declined to 32 per cent from 52 per cent during the same period, suggesting reduced demand for smaller units. Homes exceeding 1,000 sq ft accounted for 10 per cent of registrations, reflecting gradual traction in larger configurations.
Geographically, North and South Kolkata together contributed approximately 75 per cent of total registrations during the month. The north zone led with a 41 per cent share, followed by the south zone at 33 per cent, indicating concentration of residential activity in established urban clusters.
Among individual micro-markets, Rajarhat recorded the highest number of registrations at 381 units, followed by Dum Dum with 352 units and Barasat with 337 units. The top 10 locations together accounted for 53 per cent of overall apartment registrations, highlighting the dominance of key residential corridors within the metropolitan region.
Industry stakeholders indicated that the growth in registrations reflects both a base effect and continued end-user demand. Sushil Mohta, president of the Confederation of Real Estate Developers’ Associations of India (CREDAI)-West Bengal, stated that while the month-on-month increase is partly due to recovery from a low base, the data points to sustained demand for mid-sized housing. He noted that the prominence of the 500–1,000 sq ft segment reflects a preference for practical and value-driven housing options in the Kolkata market.
He also indicated that there are early signs of demand gradually extending towards premium housing categories, suggesting a broadening of buyer interest across segments.
The February data highlights the role of mid-income housing in driving transaction volumes in Kolkata, while also indicating emerging demand patterns across unit sizes. With activity concentrated in established micro-markets and a steady contribution from resale transactions, the market continues to reflect a mix of affordability-driven purchases and selective demand for larger homes.
Source - PTI
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