“In a city where rent control shaped three generations, every flat tells a story of who stayed and who left.”
Kolkata Real Estate & Housing Prices
Housing price trends for Kolkata from RBI HPI and NHB RESIDEX (2009-2024)
On the RBI's house price index, where 2010–11 equals 100, Kolkata stands at 182.0. Every other major metro is higher: Hyderabad at 235.2, Mumbai 221.5, Bengaluru 210.8, Delhi 198.3, Chennai 195.6.
The five-year growth rate tells the same story more sharply — Kolkata's 3.9% CAGR against Hyderabad's 9.4%. For buyers that is the most affordable major metro in India. For owners it is fifteen years of property wealth accumulating more slowly than almost anywhere else in the country.
About this data
What this page shows
Quarterly house price index from 2009 to 2024, a size-wise index splitting units under 60 square metres, 60–110 square metres and above 110, a comparison across six metros, year-on-year change, and compound growth rates. The size-wise series shows larger units consistently indexing higher than smaller ones.
Where the data comes from
Reserve Bank of India House Price Index via the DBIE database, with base 2010–11 = 100, supplemented by NHB RESIDEX, which uses a 2012–13 base.
Limitations worth knowing
Both indices are built from housing loan transactions reported by banks and housing finance companies. That excludes cash purchases, which remain a substantial share of Indian property transactions, and it skews toward the formal, financed segment of the market. The two series use different base years and are not directly comparable to each other — reading them on one chart shows shape, not level. An index also tracks price movement, not price: it cannot tell you what a flat costs in Ballygunge versus Behala, and city-level averages conceal very wide neighbourhood variation. Rent control has shaped Kolkata's housing market for generations in ways no price index captures.
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