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Quarterly residential real estate analysis of top 8 cities in India

Kolkata Real Estate Report Jan-Mar 2021: Market Analysis

31 Apr 16, 2021 Download Report

CONCLUDING REMARKS

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.

NEW LAUNCHES

The data depicts share of new launches across metro cities in the studied quarter

 

 

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
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