<h1>Kolkata Residential Real Estate Sales Surge 16% in 2024, Despite End of Government Incentives; Prices Up 6.</h1> Kolkata's residential real estate market experienced a 16% increase in sales in 2024, with 17,389 units sold, marking it as the third-best year since 2010, according to Knight Frank India. This growth occurred despite the cessation of government incentives like stamp duty rebates. Residential prices rose by 6% to Rs 3,815 per sq ft. In the office sector, transactions slightly declined by 1%, but rental rates increased by 7% to Rs 41 per sq ft per month. New office completions totaled 0.3 million sq ft, indicating a gradual market recovery driven by demand from sectors such as IT, BFSI, and healthcare.