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Kolkata's premium residential market witnessed a sharp rise in supply and absorption earlier this year, according to Nklusive's H1 2025 Premium Real Estate Market Report. The consultancy observed that premium homes priced between INR 1.5 crore and INR 5 crore recorded heightened demand, with active projects increasing from 24 to 34 over the past year. Marketable supply nearly doubled, and South Kolkata led overall inventory distribution. Larger units, particularly 3 BHK and 4 BHK formats, saw notable sales growth, reflecting a shift towards spacious, amenity-rich living among high-end homebuyers.
Nklusive, a leading consultancy specialising in premium, luxury, and uber-luxury residential developments across India, released its Kolkata Premium Real Estate Market Report for H1 2025, indicating a strong upward trajectory in the city's high-end housing segment. The report focuses on properties priced between INR 1.5 crore and INR 5 crore and outlines how the market benefitted from an expanding pipeline of new launches backed by resilient buyer interest. The number of active premium projects rose to 34 in H1 2025, compared with 24 during the same period in the previous year, reinforcing Kolkata's growing position in India's luxury housing landscape. Advertisement
The consultancy noted that marketable supply increased substantially, rising from 1,974 units in the past year to 3,873 units in H1 2025. South Kolkata emerged as the most prominent micro-market, commanding 54% of the total supply, while East Kolkata accounted for 25%. This uptick in supply corresponded with improved sales traction, as the Average Monthly Absorption Rate climbed from 75 units to 208 units, reflecting stronger alignment between demand and premium inventory.
Nklusive's assessment also highlighted a clear shift towards larger-format residences. Over the past year, the 4 BHK category recorded a 160% surge in sales, accompanied by a 47% rise in unsold stock as developers catered to the city's evolving lifestyle preferences. Meanwhile, the 3 BHK segment posted a 226% year-on-year increase in sales, underscoring the popularity of spacious layouts among affluent home-seekers. The consultancy attributed this trend to a growing emphasis on lifestyle-driven amenities, work-from-home needs, and multi-generational living.
Responding to the findings, Pawan Kumar Agarwal, Managing Director of Nklusive, remarked that Kolkata's premium housing market appeared to be entering a phase of stable, sustained expansion. He conveyed that the jump in supply and sales demonstrated confidence from both developers and buyers, while the improved absorption cycle reinforced Kolkata's appeal as a desirable destination for high-quality residential living.
The report's evaluation was based on base per-square-foot pricing that excluded PLC charges, statutory expenses, and escalation costs. Nklusive's study assessed 34 RERA-approved luxury apartment projects across the city, concluding that Kolkata's premium housing fundamentals had strengthened significantly and were increasingly in line with national trends favouring upscale residences. The city has been witnessing consistent growth in its luxury real estate footprint over recent years, driven by improving connectivity, new infrastructure corridors, and rising aspirations among upwardly mobile buyers.
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