Kolkata, the vibrant cultural capital of India, is rapidly emerging as an attractive destination for home buyers seeking a unique blend of rich heritage and modern opportunities. This city, steeped in a storied past, is simultaneously transforming into an economic and technological hub for the future.


With its iconic colonial architecture, thriving art and literature scenes, and grand celebrations like the Durga Puja festival, Kolkata offers an unparalleled experience of India’s diverse cultural tapestry.


At the same time, the West Bengal government is actively working to establish Kolkata as a major IT hub, providing incentives for tech companies and startups to set up operations in fields like smart manufacturing, analytics, and AI.


What Kind of Flats are Available in Kolkata?

Kolkata’s real estate market is designed to meet a wide range of housing needs, financial constraints, and aspirations. Whether one is looking for a cozy 1 BHK or an expansive 5 BHK, whether the preference is for a completed unit or one under construction, luxury or budget-friendly, prospective buyers in Kolkata have a plethora of options to explore.


Ready-to-move vs. Under-construction

  • Ready-to-move flats are available for immediate possession after completing payment and paperwork. There are over 650 ready 1 BHK flats in Kolkata.
  • Under-construction flats are cheaper than ready properties, but come with risks of delayed possession. However, they may offer better returns on investment if sold closer to possession.
  • Buyers need to evaluate their urgency and risk appetite when choosing between ready and under-construction flats.

Luxury vs Affordable

  • Kolkata has a wide range of luxury apartments priced between ₹1-5 crore, offering high-end amenities and finishes. Areas like Alipore and Ballygunge have many luxury flats.
  • However, the concept of luxury is becoming more democratic. Many developers offer “affordable luxury” flats with premium amenities at competitive prices, targeted at upper-middle class buyers.
  • There are also budget-friendly flats aimed at the affordable housing segment. Area like Bangur Avenue has many affordable flats for sale in Kolkata.


Cost of Flats in Kolkata

The city provides a variety of apartments, including small 1 BHKs with a bedroom, hall, and kitchen to 5 BHKs, priced from 12 lakh to 1Cr and beyond. They are categorized into three price categories.

Price Range

  • The average price per square foot for flats in Kolkata is around Rs. 4,000 – 25,000.
  • Prices can range from as low as Rs. 4000 per sq ft to over Rs. 25,000 per sq ft, depending on the location, amenities, and type of property.
  • The most common budget segments are Rs. 24-35 lakh and Rs. 34-43 lakh, with around 7,000 units available collectively in these price ranges.

Prices by Configuration

  • 1 BHK: Available in the price range of Rs. 12-30 lakh, with over 1,200 units on the market.
  • 2 BHK: Average price of Rs. 42.1 lakh and a median price of Rs. 35 lakh. Over 5,000 2 BHK flats available below Rs. 40 lakh.
  • 3 BHK: In areas like New Town cost Rs. 50-73 lakh, while more luxurious options can go up to Rs. 1.3 crore.
  • 4 BHK and 5 BHK: Luxury flats are priced from Rs. 1 crore to several crores.

Prices by Locality

  • Top localities like Bhawanipur have an average price of Rs. 10,112 per sq ft, while premium areas like Elgin can go up to Rs. 19,800 per sq ft.
  • Affordable areas in East Kolkata like Hatiara and Bishnupur have prices up to Rs. 5,500 per sq ft.
  • Mid-segment localities like Rajarhat and Salt Lake have prices between Rs. 6,500-8,500 per sq ft.

Popular Localities for Flats in Kolkata

New Town

A self-sufficient and environmentally conscious urban area is in the works to be built on the northeastern outskirts of Kolkata. It offers a good balance of residential properties, commercial spaces, offices, hospitals, schools, and recreational facilities like Eco Park.


New Town is attracting investment due to its modern infrastructure, green initiatives, and presence of IT companies and corporate offices.


Central and North Kolkata

Central and North Kolkata localities like Bhawanipur and Alipore have many heritage buildings and mansions built by Bengali landowners and the British.

These areas showcase a unique architectural style blending European and Bengali elements, reflecting the city’s colonial history and cultural heritage. While some of these old buildings are in a dilapidated state, there is growing awareness about preserving this architectural legacy.


Bangur Avenue


Bangur Avenue, situated in South Dumdum of North 24 Parganas, is currently one of the most popular areas to find affordable flats for sale in Kolkata. There is a diverse range of housing choices available in this region, ranging from affordable apartments to luxurious mansions, which has caught the attention of both local and NRI purchasers. Good infrastructure, proximity to the airport, and presence of IT hubs are driving growth in these markets.


Imagine waking up to the gentle hum of a city that celebrates its vibrant legacy, while being just moments away from the burgeoning IT corridor and world-class amenities. With perfect connectivity and a unique selection of luxurious and affordable residences, Bangur Avenue presents a never-before-seen opportunity to write your name into Kolkata’s long-lasting legacy.


We have a plethora of various size flats that are ready for immediate occupancy in Bangur avenue, Kolkata. Don’t wait, reserve your dream home today!


Please fill up your information on our contact page, and we’ll get back to you in no time. Give us a call at +91 62897 00292 or +91 74074 21550, or write us at s.dhar@sremon.com or finance@sremon.com