Kolkata Property Registrations Surge 64%

18 Mar 2024 CW Team

Property registrations in Kolkata experienced a substantial surge of 64% year-on-year in February 2024, indicating robust activity in the city's real estate sector. This significant uptick reflects renewed confidence among buyers and sellers, amidst improving economic conditions and favourable market dynamics.

The spike in property registrations can be attributed to various factors, including pent-up demand, favourable lending conditions, and the easing of COVID-19 restrictions. Additionally, initiatives by the government to streamline property registration processes and reduce associated costs may have contributed to the uptick in transactions.

The residential segment appears to be driving much of this growth, with increased interest from homebuyers in owning property in Kolkata. Developers and real estate agents have reported heightened inquiries and sales activity across different residential projects in the city.

The commercial real estate sector also shows signs of revival, with a notable increase in registrations for commercial properties and office spaces. This trend aligns with the gradual recovery of businesses and the resumption of economic activities post-pandemic.

The surge in property registrations underscores Kolkata's resilience and attractiveness as a real estate destination. Despite challenges posed by the pandemic, the city's property market continues to demonstrate resilience and adaptability, presenting opportunities for both investors and end-users alike.

Looking ahead, sustained government support, coupled with continued economic recovery, is expected to further stimulate growth in Kolkata's real estate sector, driving continued momentum in property transactions and investments.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..