Kolkata: The cultural capital of India
The city of ‘paras’ (close-knit neighbourhoods) and ‘addas’ (freestyle conversations), Kolkata is known for its culture moorings and literary passions. While the ‘City of Joy’ has birthed many Nobel laureates and cultural icons, it is also the commercial and financial hub of East and North-East India.
The unexploited real estate market of Kolkata is full of opportunities and promises growth. Infrastructural development, township policies and affordable housing favour homebuyers. In 2020, Kolkata scored highest among the top seven Indian cities surpassing Hyderabad to become the most affordable market in home purchase affordability.
With most new launches concentrated in areas like New Town and Rajarhat, these submarkets account for a major chunk of total sales. Price points across all segments have remained relatively stable through the year leading to a speedy recovery in sales velocity.