Housing Prices Jump 25% in Topsia, Tangra, and Beleghata Belt

By observing the real estate prices on the Topsia-Tangra-Belegata belt of Kolkata, one can easily infer that there has been a considerable increase in the price of housing. In this busy region, apartments’ prices have shot up by 25% in the last year alone. This is signaling a drastic change in the real estate market. Not long ago, this time last year, purchasers were able to buy an apartment in the area for ₹10,573 for every square foot. Today, that number has climbed to ₹13,500 per square foot, which is one of the highest increases per square foot in the residential zones of Kolkata.

Why is there such a dramatic increase in the numbers? This is due to enhanced investment in infrastructure, better connectivity, and the growing popularity of well located and spacious homes. More people are paying attention to this part of the city due to the expansion of the metro rail network and the Maa Flyover which connects to the centrally located business district of Kolkata. Sales data also provides an insight into this increasing demand. In 2023, the area saw 38 percent of its available apartments sold. Jump ahead to 2024, and, despite there being a lower supply of flats available, the sales increased to 61 percent. Prices continue to rise, as more and more people are willing to purchase, but the available flats remain limited.

A deeper analysis into the market shows a clear preference for larger apartments. Sales of 3BHK and 4BHK homes have surged from 290 units in 2023 to 419 units in 2024, reflecting a growing demand for more space. As families look for comfortable and modern living options, the unsold stock of these homes has nearly halved. Meanwhile, 2BHK flats have seen a slight dip in sales, but the number of unsold units has also decreased, indicating steady absorption. The luxury segment, particularly 5BHK apartments, has seen limited movement, largely due to a lack of new supply.

As a result of urban development and infrastructure progress, advancement is expected in the region spanning from Matheshwartala and Tangra to Canal South Road, Anandapur, and New Town. These areas are both buyers’ most desired and ideal locations, with greater contiguity and superior living spaces. In the next few years, experts expect the increase in demand, along with the lack of supply, will result in an 8%-10% appreciation in real estate prices in the area. At this moment, there are only 323 flats available, so in order to keep up with demand, new project launches are sure to happen.

Sugam Homes, one of the most reputed real estate companies in Kolkata, has been watching closely the market trends in this area. A company official of Sugam Homes analyzing the changing attitude of the buyers said, “Homebuyers are clearly changing their preference. They want bigger and better connected houses that improve their life. The Topsia-Tangra–Beleghata area is now a favorite owing to its outstanding connectivity along with the developing infrastructure. At Sugam Homes, it is our endeavor to provide modern homebuyers with quality, comfort, and value in the projects that we offer and modern expectations are always challenging.”

For investors and homebuyers, this upward trend in property prices signals an opportunity. With increasing urban expansion and a shift towards premium housing, the Topsia-Tangra-Beleghata belt is well on its way to becoming one of Kolkata’s most sought-after residential hubs.