Kolkata's Real Estate Sector Soars with Impressive Growth in 2025

Kolkata's commercial real estate sector experienced a significant 60% growth in leasing volumes in the first half of 2025, reaching 1.1 million sq ft. Major IT outsourcing and flexible workspace deals drove this upsurge, with transaction volumes hitting a decade high while vacancy rates decreased markedly.

Kolkata's commercial real estate sector has witnessed an impressive 60% year-on-year increase in leasing volumes, totaling 1.1 million sq ft in the first half of 2025, reports Knight Frank India.

According to a recent webinar release by real estate consultants Knight Frank, this constitutes the highest half-yearly transaction volume seen in a decade for Kolkata. Remarkable commercial deals, including a notable 0.3 million sq ft IT outsourcing agreement, drove this surge.

Peripheral Business Districts played a central role, leading to a marked drop in vacancy rates to 33.5%, the lowest since late 2019. Despite this growth, new supply remains limited, with real estate rental prices rising by 10% during the same period.

(With inputs from agencies.)