Kolkata’s premium and luxury real estate market is witnessing a sharp upward trajectory, driven by a growing preference for spacious, high-quality homes. Over the last three years, demand for larger units has surged dramatically, sales of 3-BHK apartments have jumped by 226%, while 4-BHK homes have recorded a remarkable 160% rise. This shift reflects evolving buyer behaviour, where comfort, space and lifestyle upgrades are becoming non-negotiable priorities for homebuyers and high-income families.
Despite the rising interest, Kolkata continues to be one of the most affordable luxury markets among major Indian metros. With premium property prices averaging around ₹14,200 per sq ft, the city offers a unique blend of luxury living at comparatively lower investment levels. This combination of spacious homes and competitive pricing has made Kolkata an increasingly attractive destination for luxury-segment buyers.
The premium bracket of ₹1.5 crore to ₹5 crore has shown strong momentum as well, witnessing a 20% price increase since 2022 and a steady 4% appreciation over the past year. Currently, 34 active projects in the segment offer close to 3,900 saleable units, with 10 new luxury projects launched this year alone. South Kolkata leads the market with a 54% share of the inventory, followed by East Kolkata at 25%.
Improved inventory absorption, reducing from 20 months to just 13, signals rising confidence among both buyers and developers. With steady launches, increasing demand for larger spaces and competitive pricing, Kolkata is solidifying its position as one of India’s most promising luxury housing markets.
