Kolkata records 17% Y-o-Y surge in property registrations in March 2024 The Economic Time
Kolkata Metropolitan Region reported registrations of 3,936apartments, recording a 17% year-on-year (YoY) growth for March 2024, said Knight Frank in its latest report. The real estate sector’s long-standing demand of making the stamp duty rebate extension a permanent feature of the Kolkata market is expected to further bolster the residential sales momentum. According to the report, the share of units under 500 sq ft increased from 24% in March 2023 to 45% by March 2024. Apartments sized between 501 to 1,000 sq ft constituted for 48% of the total registrations in March 2024, down from 52%a year earlier. Notably, units exceeding 1000sq ft decreased from 25% to 7% during the same period.
