According to a recent study conducted by Nklusive, Kolkata’s luxury residential market—comprising properties priced between ₹5 crore and ₹10 crore—witnessed significant growth in calendar year 2024 (CY24). The segment recorded a 33% year-on-year increase in new supply and an impressive 52% surge in sales, indicating rising demand for high-end housing in the city.
South Kolkata emerged as the dominant contributor, accounting for 78% of the total supply within this luxury bracket. This trend underscores the region’s continued appeal among affluent homebuyers seeking premium living spaces. Furthermore, the average price across the luxury segment saw a 6% year-on-year increase, reflecting both the growing appetite for upscale residences and the overall buoyancy of the market.
These developments highlight the resilience and upward momentum of Kolkata’s luxury real estate sector, despite broader market fluctuations.
Follow @nirealtyin for more updates
