Property rates in Kolkata have always showed a certain consistency through the earlier years of real estate development. However there have been almost two decades of rapid development and the birth of several kinds of projects – large and small along with commercial and residential. With the growing number of local companies there has been the entry of several national level companies too that have already made a name for themselves in other projects of the country. This has considerably altered the city’s skyline with several projects of the highest standards and budgets.
The changes in the property rates in Kolkata have also been influenced by the presence of enhanced infrastructure in different parts of the city. This is the first city in the country to have a successful network of the underground Metro railway system; the available networks have also been developed further to take them to farther areas of the city to ensure better connectivity. Thus communication and transport networks have increased the value of land in erstwhile low value areas of the city which has contributed to the price hike of properties that are now developed.
Property rates in Kolkata has also increased owing to the inclusion of some of the finest standards of architectural designs and planning; better and state of the art modern facilities have replaced ordinary amenities in these apartments and buildings. The planning of real estate projects have also on several occasions being clubbed with commercial malls and shopping complexes and the availability of residential quarters with them. There is a special attention give to greenery and open space that makes these projects not only livable but comparable with the highest levels of planned construction.
The city has also seen a growth of infrastructural improvement considering to what there was even a couple of decades ago. More flyovers and better road network system with enhanced traffic management have all led to better city administration. The entry of corporate companies and the creation of a special business zone for companies and industrial sectors have not only brought in more economic development but also ushered a higher standard of life and demands for the same. The availability of higher standard of construction with advanced and modern amenities has naturally resulted in the increase of property rates in Kolkata over the past few years.
| Locality | Sale | Rent | ||
| Price Range In Rs(in sq. feet) | Average Price(in sq. feet) | Price Range(in sq. feet) | Average Price In Rs. (in sq. feet) | |
| Alipore | 10,500/ – 14,500/ | 12000/ | 26-31 | 28 |
| New Alipore | 4500/ – 6000/ | 5000/ | 15-17 | 16 |
| Ballygunj | 6500/ – 8500/ | 7500/ | 19-28 | 24 |
| Ballygunj Circular Road | 10,500/ – 12,500/ | 11500/ | 27-41 | 34 |
| Tollygunj | 2700/ – 4500/ | 3500/ | 12-13 | 13 |
| Salt Lake | 3200/ – 4000/ | 3500/ | 15-17 | 16 |
| Southern Avenue | 6500/ – 10,500/ | 8500/ | 18-22 | 20 |
| Prince Anwar Shah Road | 5000/ – 6500/ | 5500/ | 20-24 | 22 |
| Rajarhat | 2900/- 3100/ | 3000/ | 14-15 | 15 |
| VIP Road | 2800/ – 3200/ | 2900/ | 12-14 | 13 |
| EM Bypass | 3500/-3700/ | 3600/ | 18-20 | 19 |
| Bhawanipore | 5500/-6500/ | 5800/ | – | – |
| Behala | 2200/ -2600/ | 2400/ | 9-10 | 10 |
| Dum Dum | 2500/ – 2800/ | 2700/ | – | – |
| Lake Gardens | 3500/ – 3800/ | 3700/ | 13-15 | 14 |
| Jodhpur Park | 4500/ – 5400/ | 4800/ | 15-17 | 16 |
| Jadavpur | 3000/ – 3500/ | 3500/ | 13-15 | 14 |