Kolkata: The Kolkata Metropolitan Area (KMA) witnessed 5,075 residential property registrations in March 2026, reflecting a 10% year-on-year decline compared to 5,609 units in March 2025, as per Knight Frank India data. This dip is primarily attributed to a high base effect, as March 2025 had exceptionally strong performance. Despite the annual slide, March 2026 emerged as the second-highest March volume since 2022, underlining resilient housing demand.
Sequential Growth and Quarterly Trends
On a sequential basis, registrations rose by 2% over February 2026, indicating stable momentum. The broader trend remained encouraging, with the first quarter of 2026 recording the second-highest quarterly volumes since 2022.
Shift Toward Mid-Sized Homes
Buyer preference continued to shift toward mid-sized homes. Apartments in the 501-1,000 sq ft category accounted for 58% of total registrations, up sharply from 44% in March 2025. In contrast, the share of homes below 500 sq ft fell to 32% from 52% a year ago. Apartments larger than 1,000 sq ft also gained traction, with their share rising to 10% from 4%.
Geographical Distribution
Geographically, north and south Kolkata remained key demand anchors, accounting for nearly 75% of total registrations. The north zone led the market with a 42% share, driven by activity in Dum Dum, Khardah, Barasat, and Baranagar. The south zone followed with a 32% share.
Top Locations
Among individual locations, Dum Dum recorded the highest registrations at 398 units, followed by Khardah at 362 and Rajarhat at 288. The top 10 locations together contributed 2,566 registrations, or 51% of the total monthly volume.
Market Outlook
The March 2026 data reflects a market adjusting after a high-base year while maintaining healthy underlying demand. Although headline registrations declined annually, the month's performance — the second-highest March volume since 2022 — highlights sustained end-user interest, particularly in mid-sized and larger homes across the city's primary residential corridors.
