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Kolkata's commercial real estate sector sees 60pc YoY growth in H1 2025: Knight Frank
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....olkata's commercial real estate sector sees 60pc YoY growth in H1 2025: Knight Frank<BR>PTI News<BR>Dated:- 3-7-2025<BR>PTI<BR>Kolkata, Jul 3 (PTI) Kolkata’s commercial real estate sector recorded a 60-per cent year-on-year surge in leasing volumes, reaching 1.1 million sq ft in the first half of 2025, according to Knight Frank India’s latest report. In a webinar on Thursday, real estate cons....
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....ultant Knight Frank released its data for the Indian real estate market for January-June 2025. "Kolkata's office market performance in H1 2025 has genuinely surprised even the most optimistic forecasters. To see leasing volumes surge 60 per cent and achieve the highest half-yearly transaction volume in a decade is far more significant than a cyclical upturn," said Joydeep Paul, Senior Director (O....
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....ccupier Strategy and Solutions)-Kolkata, Knight Frank India. The office market witnessed its highest half-yearly transaction volume in a decade, driven by a major 0.3 million sq ft IT outsourcing deal, and two flexible workspace agreements totaling 0.1 million sq ft. Peripheral Business Districts (PBDs) dominated, with Salt Lake City (PBD-1) accounting for 50 per cent of transactions and Rajarha....
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....t New Town (PBD-2) contributing 43 per cent, the report said. Vacancy rates dropped sharply to 33.5 per cent, the lowest since H2 2019, while new supply remains limited – 0.2 million sq ft expected by year-end. Rentals also saw a rise of 10 per cent during the period under review. The residential market is also undergoing strategic recalibration, reflecting evolving buyer preferences, it said.....
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.... Knight Frank noted that Kolkata’s real estate sector is transitioning with renewed confidence, supported by improved fundamentals and market segmentation. PTI BSM RBT<BR> News - Press release - PIB....