Office: In the third quarter of 2022 Kolkata recorded gross leasing volume (GLV) of 292,000 sf cumulating to a 147% expansion compared to the same period last year. Kolkata has witnessed consistent healthy leasing volumes during the year, and total leasing volume at the end of Q3 is already at par with the whole year’s leasing in 2021, by the end of Q4 leasing levels are likely to exceed the previous year.
Residential: In Q3 2022 Kolkata saw about a 5X jump in new launches compared to the same time last year. Launches and sales remain healthy with no major impact on affordability despite the rising interest rates and input costs. The government bodies and RERA are playing a proactive and pivotal role in keeping the demand steady with incentives and key policy initiatives.
Retail: In the third quarter of 2022, Kolkata’s retail market picked up momentum, backed by healthy main street activity, as mall developers and retailers gear up for the festive season around the corner. Prominent shopping malls and main streets reported a sharp increase in footfalls and exceeded by 100% of pre-COVID levels on weekdays and weekends.
Learn more by clicking our most recent Kolkata MarketBeat reports below.
