Kolkata closed the first quarter of 2021 with a spike in residential enquiries, site visits and sales. The rental market, however, continued to be under pressure owing to the lack of fresh demand and reduced rentals against the previous years. New housing supply also remained restricted owing to inept project approval system in the State. Nevertheless, the recent progress in Metro rail projects and the newly proposed infrastructure plans may act as growth catalysts for the realty market in Kolkata in time to come. Post elections, the city may witness a couple of big project launches by renowned builders, adding fresh housing inventory.