The Kolkata Metropolitan Area recorded 5,075 residential property registrations in March 2026, marking a 10% year-on-year decline from 5,609 units in March 2025, according to Knight Frank India. The drop has largely been attributed to a high base effect, as March last year saw unusually strong performance.
Despite the decline, March 2026 stood out as the second-highest March registration volume since 2022, pointing to steady demand in the housing market.
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Sequential growth signals stability
On a month-on-month basis, registrations rose by 2 per cent compared to February 2026, suggesting stable momentum. The broader quarterly trend also remained positive, with Q1 2026 emerging as the second-highest quarter for registrations since 2022.
Shift towards mid-sized homes
Buyer preferences showed a clear tilt toward mid-sized apartments. Homes in the 501–1,000 sq ft category accounted for 58 per cent of total registrations, a notable increase from 44 per cent in March 2025. At the same time, smaller units below 500 sq ft saw their share drop to 32 per cent, down from 52 per cent a year ago.
Larger apartments also gained traction. Units above 1,000 sq ft made up 10% of total registrations, up from just 4% in the previous year.
North and South Kolkata drive demand
Geographically, north and south Kolkata continued to dominate residential activity, contributing nearly 75 per cent of total registrations. The north zone led with a 42 per cent share, driven by strong activity in areas like Dum Dum, Khardah, Barasat and Baranagar. The south zone followed with a 32 per cent share.
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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 accounted for 2,566 registrations, or 51 per cent of the total.
The data reflects a market adjusting after a strong previous year while maintaining consistent demand. Even with the annual dip, the performance highlights continued interest from homebuyers, especially in mid-sized and larger homes across key residential pockets.
