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Kolkata’s housing market is undergoing a shift, with unsold affordable homes (below INR 40 lakh) falling by 20% between 2024 and 2025, while unsold luxury units (above INR 1.5 crore) surged by 96%, The Times of India reports. Anarock data shows 37% of 66,260 new units launched since 2021 were in the affordable segment, underscoring strong demand despite fewer new launches post-pandemic. Meanwhile, slower absorption in the luxury market may push developers to recalibrate project portfolios. As Kolkata’s real estate evolves, buyers can expect greater choice and potentially competitive pricing across both affordable and premium housing segments.
Kolkata's housing market has experienced notable changes between 2024 and 2025. According to a report by Anarock, the number of unsold affordable homes—those priced below INR 40 lakh—decreased by 20%. In contrast, unsold luxury homes, priced above INR 1.5 crore, increased by 96% during the same period. Advertisement
This trend suggests a growing demand for affordable housing, leading to a reduction in unsold inventory. Simultaneously, the rise in unsold luxury homes indicates a slower absorption rate in the high-end segment. Anarock's data shows that between January 2021 and March 2025, Kolkata added 66,260 housing units across all price segments, with 24,800 units (37%) in the affordable category.
Despite a nationwide decline in affordable housing launches post-COVID-19, Kolkata remained active in this segment, although the number of new projects has decreased. The shift in consumer preference towards larger homes has led developers to focus more on premium and luxury projects. However, the sustained demand for affordable housing in Kolkata highlights the city's unique market dynamics.
The increase in unsold luxury inventory may prompt developers to reassess their strategies, potentially leading to more balanced offerings across different price segments. For homebuyers, this could mean more options and competitive pricing in both affordable and luxury housing markets.?
As Kolkata's real estate landscape continues to evolve, stakeholders will need to adapt to these changing trends to meet the diverse needs of homebuyers and maintain market stability.
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