Kolkata Office Leasing Soars to Decade High in 2025; Residential Market Stable

• Kolkata's office leasing volume surged 69% year-on-year to 2.3 million sq ft in 2025, marking a decade high.
• This is the first time the city's office sector crossed the 2 million sq ft threshold, according to Knight Frank India.
• Average office rents increased 16% to ₹47.5 per sq ft per month, the highest growth among India's 8 major markets.
• Residential sales in H2 2025 grew 7% year-on-year, with new launches rebounding 38%.
• Kolkata remains India's second most affordable residential market, with unsold inventory at a decade low.

Why It Matters: Kolkata's real estate market saw record office leasing and stable residential growth in 2025, driven by affordability.