Kolkata: Kolkata emerged as one of the few resilient housing markets in April-June 2026, reporting annual sales growth at a time when most major cities saw demand weakening. Across the top seven cities, housing sales fell to about 90,715 units in Q2 2026 from 96,285 units a year earlier, and were 11% lower than the previous quarter.Against this slowdown, Kolkata was among only three cities to record growth, along with Hyderabad and Bengaluru.The city sold around 3,860 homes in Q2 2026, marking a 10% annual rise over Q2 2025. In Jan-June 2026, Kolkata’s total housing sales stood at nearly 8,070 units across budget categories. Within the city, the east zone remained the most active market, accounting for 34% of sales, followed by north with 22%, west with 21% and south with 19%.Kolkata’s supply pipeline also strengthened. Around 3,550 new homes were launched in Q2 2026, up 42% from 2,505 units in Q2 2025, making it the second-highest city in terms of annual launch growth after Hyderabad. However, launches declined 32% from 5,220 units in Q1 2026, reflecting some caution on a sequential basis.In the first half of 2026, Kolkata saw 8,770 new units launched across all housing segments. Of this, 48% were in the sub-Rs 80 lakh category, indicating continued depth in mid-income demand. At the same time, the premium and luxury categories gained traction, with around 58% of Q2 supply priced between Rs 80 lakh and Rs 2.5 crore. Kolkata East led new launches with a 33% share, followed by North at 24%, while South and West each accounted for 19%.The city’s available housing stock stood at around 29,710 units at the end of H1 2026. Average residential prices rose 6% annually, from Rs 6,000 per sq ft at the end of Q2 2025 to Rs 6,345 per sq ft at the end of Q2 2026.“These readings are along expected lines, as the Middle East war’s impacts on the entire sector were all too obvious. Reasons aside, what we have currently is a more balanced housing market where new supply is catching up with absorption as sales growth moderated across most top cities,” said Anuj Puri, chairman of a real estate group. “Interestingly, new launces remained strong in Q2 2026 annually as large and listed developers unleashed projects on the massive land parcels they acquired in 2025,” Puri added.
