Kolkata
- -12.10%Annual Price GrowthAnnual increase in price per sq feet in this city, basis makaan listings
- 4.98%Annual Rental Yield% of property cost that you are likely to recover as rent in 1 year
Property in Kolkata
: an overviewKolkata is known as a theatre that displays the festival of human existence, culture, art and love. Regarded as Indias intellectual and cultural epicenter, the former capital of British India, Kolkata is a mix of colonial-era architecture with urban slums and dynamic new-town suburbs with their air-conditioned shopping malls. The City of Joy, lies on the east bank of River Hooghly and is the biggest cultural, commercial and educational hub in eastern India. Kolkata Port is the oldest operating port in the country. Kolkata has witnessed a rapid transformation with steady infrastructural and economic progress. This has naturally boosted the Kolkata real estate market in the city.
Real estate in Kolkata witnessed a transformation after property prices touched new heights in South and Central Kolkata. Garia and its suburbs including Narendrapur, Sonarpur, Rajpur and Baruipur are the new growth centres for properties in Kolkata. Ballygunge, Alipore, New Alipore, Hazra, Lansdowne, Gariahat and Jodhpur Park are some of the costliest realty destinations in the country in tandem with Park Street and Camac Street, which are major retail and office hubs.
Governance
Kolkata Municipal Corporation (KMC) governs the city in terms of civic duties, infrastructure, water, sanitation, public health and other responsibilities. It is headed by the mayor. The property tax in Kolkata is levied by KMC. Development of the Metropolitan areas of the city are taken care of by Kolkata Metropolitan Development Authority (KMDA). KMDA is responsible for the statutory planning and development of greater Kolkata. Kolkata Port Trust, an agency of the central government, manages the city'sriver port.
The city is also home to the Calcutta High Court, Indias oldest high court. The State Legislature of West Bengal is located in Kolkata along with the state secretariat, which is housed in the Writers Building.
Infrastructure
Kolkata has a robust public transportation network and the Kolkata Suburban Railway network is a major lifeline. The railway network connects the city to almost all suburbs. There are several buses operated by governmental agencies while Calcutta Tramways Company has its own tram network. Bus services are offered by South Bengal State Transport Corporation, Calcutta State Transport Corporation, North Bengal State Transport Corporation and others. Major terminuses are located at Babughat, Esplanade, and Karunamoyee. Overall, having properties in Kolkata are less likely to face a communication problem.
The Kolkata-Chennai and Kolkata-Delhi parts of NH-34 and Golden Quadrilateral start from the city. Netaji Subhas Chandra Bose International Airport lies approximately 16 kilometres east of the city centre. Ferry, railway and road connectivity is available for accessing Howrah, Kolkatas neighboring and sister city. Several flyovers have been built all over the city including Parama Island project and hence, proving a strong support for the Kolkata real estate.
Homes and Living
The key localities in Kolkata are Rajarhat, EM Bypass, Behala, New Town, Narendrapur, and Jessore Road. Also, Naktala and Ranikuthi are highly in demand along with Tollygunge, Behala, Joka and Anwar Shah Road. Rajarhat New Town is proving to be the next big satellite township in Kolkata real estate market after Salt Lake, which is saturated at present. Multiple residential and commercial projects are being launched in Rajarhat New Town and it is witnessing high demand for properties in Kolkata.
North Kolkata is witnessing major redevelopment of old houses in areas such as Bowbazar, Shyambazar, Bagbazar and Sovabazar.
Demand for property is huge in areas like Lake Town, Baguihati, Keshtopur, Teghoria and other locations closer to the Airport. BT Road, Sodepur, Barrackpore, Barasat and Madhyamgram are suburban areas which have witnessed huge demand in recent times.
Demography
According to 2011 census, the population of the city was close to 4.5 million. The literacy rate in Kolkata is 88.33 per cent. The sex ratio of Kolkata is 928 women over 1,000 men while child sex ratio stands at 946 women over 1,000 men. Bengali people form the majority of Kolkata'spopulation; Marwaris and Biharis compose large minorities. Among Kolkata'ssmaller communities are Tamils, Nepalis, Oriyas, Chinese, Tibetans, Maharashtrians, Punjabis, Parsis, etc. And, this very cosmopolitan nature of the city greatly affects Kolkata real estate scene.
Industry and Employment
Kolkata is the biggest economy in eastern India. Kolkata is a major hub for IT, ITeS and BPO sectors. The city is home to major companies such as TCS, Wipro, Cognizant Technology Solutions, IBM, Accenture and many more. Kolkata is one of the biggest software exporters in the country. Salt Lake City is the IT hub of Kolkata. And, with a growing software population Kolkata real estate market is seeing a huge demand. Kolkata hosts the headquarters of three major public-sector banks: Allahabad Bank, UCO Bank, and United Bank of India.
The city is also home to leading multinationals including Tata Steel, Apeejay Group, ITC Limited and many more. The Tea Board of India and the Ordnance Factories Board of the Ministry of Defence are also headquartered in the city.
The government is a major employer in the city. Trade, finance, commerce, manufacturing, retail, entertainment, media, films, agri-businesses, FMCG, electronics and small scale businesses are major growth drivers of the citys economy. The city also has a burgeoning hospitality sector and construction, infrastructure and engineering are other key business sectors here.
Lifestyle
Kolkata has a dynamic lifestyle of its own and is regarded as an educational hub with numerous reputed institutions and research centres present here. The city is dotted with shopping malls and complexes including South City Mall, Forum Mall, Quest, Acropolis, City Centre I and II and famous shopping hubs like New Market, Esplanade, Burrabazar, Fancy Market, Vardaan Market and many more.
Kolkata is home to some of eastern Indias best lounges, pubs, bars, nightclubs, five star hotels, restaurants, eateries and cafes. The city offers everything under the sun from traditional Bengali to Continental, Japanese, Chinese, Mexican, American, Spanish and Thai cuisine among others. The city offers multiple recreational and amusement destinations including Nicco Park, Wet O Wild, Birla Planetarium, Zoo, National Library, Indian Museum, Victoria Memorial, Race Course, Swabhumi and many more.
There are numerous multiplexes and movie theatres in the city along with several resorts on its outskirts. The city is also home to famous clubs like Calcutta Club, Tollygunge Club and CC&FC. The city boasts of a dynamic sporting culture involving cricket, football, tennis, golf, horse riding, polo, table tennis, rugby and athletics. The city has innumerable cultural and arts centres including Nandan.
The city hosts multiple concerts, performances and events throughout the year including Book Fair and Kolkata Literary Meet. Art, culture, classical dance, music, painting and other creativity finds pride of place and adequate patronage in Kolkata.
read moreReal estate in Kolkata witnessed a transformation after property prices touched new heights in South and Central Kolkata. Garia and its suburbs including Narendrapur, Sonarpur, Rajpur and Baruipur are the new growth centres for properties in Kolkata. Ballygunge, Alipore, New Alipore, Hazra, Lansdowne, Gariahat and Jodhpur Park are some of the costliest realty destinations in the country in tandem with Park Street and Camac Street, which are major retail and office hubs.
Governance
Kolkata Municipal Corporation (KMC) governs the city in terms of civic duties, infrastructure, water, sanitation, public health and other responsibilities. It is headed by the mayor. The property tax in Kolkata is levied by KMC. Development of the Metropolitan areas of the city are taken care of by Kolkata Metropolitan Development Authority (KMDA). KMDA is responsible for the statutory planning and development of greater Kolkata. Kolkata Port Trust, an agency of the central government, manages the city'sriver port.
The city is also home to the Calcutta High Court, Indias oldest high court. The State Legislature of West Bengal is located in Kolkata along with the state secretariat, which is housed in the Writers Building.
Infrastructure
Kolkata has a robust public transportation network and the Kolkata Suburban Railway network is a major lifeline. The railway network connects the city to almost all suburbs. There are several buses operated by governmental agencies while Calcutta Tramways Company has its own tram network. Bus services are offered by South Bengal State Transport Corporation, Calcutta State Transport Corporation, North Bengal State Transport Corporation and others. Major terminuses are located at Babughat, Esplanade, and Karunamoyee. Overall, having properties in Kolkata are less likely to face a communication problem.
The Kolkata-Chennai and Kolkata-Delhi parts of NH-34 and Golden Quadrilateral start from the city. Netaji Subhas Chandra Bose International Airport lies approximately 16 kilometres east of the city centre. Ferry, railway and road connectivity is available for accessing Howrah, Kolkatas neighboring and sister city. Several flyovers have been built all over the city including Parama Island project and hence, proving a strong support for the Kolkata real estate.
Homes and Living
The key localities in Kolkata are Rajarhat, EM Bypass, Behala, New Town, Narendrapur, and Jessore Road. Also, Naktala and Ranikuthi are highly in demand along with Tollygunge, Behala, Joka and Anwar Shah Road. Rajarhat New Town is proving to be the next big satellite township in Kolkata real estate market after Salt Lake, which is saturated at present. Multiple residential and commercial projects are being launched in Rajarhat New Town and it is witnessing high demand for properties in Kolkata.
North Kolkata is witnessing major redevelopment of old houses in areas such as Bowbazar, Shyambazar, Bagbazar and Sovabazar.
Demand for property is huge in areas like Lake Town, Baguihati, Keshtopur, Teghoria and other locations closer to the Airport. BT Road, Sodepur, Barrackpore, Barasat and Madhyamgram are suburban areas which have witnessed huge demand in recent times.
Demography
According to 2011 census, the population of the city was close to 4.5 million. The literacy rate in Kolkata is 88.33 per cent. The sex ratio of Kolkata is 928 women over 1,000 men while child sex ratio stands at 946 women over 1,000 men. Bengali people form the majority of Kolkata'spopulation; Marwaris and Biharis compose large minorities. Among Kolkata'ssmaller communities are Tamils, Nepalis, Oriyas, Chinese, Tibetans, Maharashtrians, Punjabis, Parsis, etc. And, this very cosmopolitan nature of the city greatly affects Kolkata real estate scene.
Industry and Employment
Kolkata is the biggest economy in eastern India. Kolkata is a major hub for IT, ITeS and BPO sectors. The city is home to major companies such as TCS, Wipro, Cognizant Technology Solutions, IBM, Accenture and many more. Kolkata is one of the biggest software exporters in the country. Salt Lake City is the IT hub of Kolkata. And, with a growing software population Kolkata real estate market is seeing a huge demand. Kolkata hosts the headquarters of three major public-sector banks: Allahabad Bank, UCO Bank, and United Bank of India.
The city is also home to leading multinationals including Tata Steel, Apeejay Group, ITC Limited and many more. The Tea Board of India and the Ordnance Factories Board of the Ministry of Defence are also headquartered in the city.
The government is a major employer in the city. Trade, finance, commerce, manufacturing, retail, entertainment, media, films, agri-businesses, FMCG, electronics and small scale businesses are major growth drivers of the citys economy. The city also has a burgeoning hospitality sector and construction, infrastructure and engineering are other key business sectors here.
Lifestyle
Kolkata has a dynamic lifestyle of its own and is regarded as an educational hub with numerous reputed institutions and research centres present here. The city is dotted with shopping malls and complexes including South City Mall, Forum Mall, Quest, Acropolis, City Centre I and II and famous shopping hubs like New Market, Esplanade, Burrabazar, Fancy Market, Vardaan Market and many more.
Kolkata is home to some of eastern Indias best lounges, pubs, bars, nightclubs, five star hotels, restaurants, eateries and cafes. The city offers everything under the sun from traditional Bengali to Continental, Japanese, Chinese, Mexican, American, Spanish and Thai cuisine among others. The city offers multiple recreational and amusement destinations including Nicco Park, Wet O Wild, Birla Planetarium, Zoo, National Library, Indian Museum, Victoria Memorial, Race Course, Swabhumi and many more.
There are numerous multiplexes and movie theatres in the city along with several resorts on its outskirts. The city is also home to famous clubs like Calcutta Club, Tollygunge Club and CC&FC. The city boasts of a dynamic sporting culture involving cricket, football, tennis, golf, horse riding, polo, table tennis, rugby and athletics. The city has innumerable cultural and arts centres including Nandan.
The city hosts multiple concerts, performances and events throughout the year including Book Fair and Kolkata Literary Meet. Art, culture, classical dance, music, painting and other creativity finds pride of place and adequate patronage in Kolkata.
Top Localities Price Trend
Top localities in Kolkata
- 10
- 9.7
- 9.7
- 9.6
Properties In Kolkata
Interested in Kolkata?
Find top sellers
Projects in Kolkata
- 39
Under construction
- 1444
Ready to move in
1444Ready to move in
top builders
Unitech Limited
54 years experience15 completed projectsEmami Infrastructure
19 years experience2 completed projectsBelani Group
58 years experience25 completed projectsIndiabulls Infraestate
25 years experience1 completed projectsAmit Realty and Shree RSH Group
125 years experience3 completed projectsAnik Industries
125 years experience2 completed projectsDiamond Group Soham Group Space Group
2024 years experience3 completed projectsPincon Developers Limited
125 years experience1 completed projectsT B Construction
2024 years experience1 ongoing projects
Top Projects in Kolkata
Kolkata East
Kolkata North
Kolkata South
Kolkata West
Other
EM Bypass
Kolkata Central
Popular landmarks in Kolkata
- Buy
- Rent