Kolkata home registrations dip 12 per cent in Jan-Sep; larger flats gain share

The area recorded 4,845 residential apartment registrations in September, down 9 per cent from 5,302 a year ago but up 2 per cent from August.

Apartments measuring 501-1,000 sq ft accounted for 58 per cent of registrations during the first nine months, against 46 per cent in the corresponding period last year. Registrations in this segment rose to 24,002 from 21,358.

The share of apartments exceeding 1,000 sq ft increased to 11 per cent from 6 per cent, with registrations rising to 4,381 from 3,009. In contrast, registrations of apartments measuring up to 500 sq ft fell 42 per cent to 12,926.

North Kolkata accounted for 36 per cent of registrations in September, followed by the south zone at 31 per cent. Rajarhat recorded the highest number of registrations among individual locations at 380, followed by Khardaha (335) and Dum Dum (305).

The data covers both fresh-sale and resale residential apartment transactions.

Knight Frank India Chairman and Managing Director Shishir Baijal said the changing mix of registrations indicated a shift towards homes offering more space and functionality, despite moderation in overall market activity.