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Business EconomyPosted at: May 13 2022 4:08PM


Greater Kolkata registers sales of 3,280 residential units in April 2022

Kolkata, May 13 (UNI) The Greater Kolkata has registered about 3,280 apartment sales in April, 2022, according to a document published by Knight Frank of India, country's leading real estate consultancy.
The city has seen sales of 11,961 properties since the onset of the year. Residential property registrations moderated in April 2022, recording a 30 percent MoM degrowth.
Home buyers remained cautious of decision-making, due to the price hike, noticeable in the total
registration count of sale documents in this month.
Since the introduction of the stamp duty rebate in July 2021,36,912 homes have been registered in Greater Kolkata till April 2022.
Compared to the corresponding previous period of July 2020 to April 2021, the latest 10-month
period noted an 8 pc annual uptick in new sales registrations.Captured for all residential sales documents registered with flat/apartment sizes mentioned, the registration data encompassed
transactions in both primary and the secondary markets quoting the Directorate of Registrations
and Stamps Revenue, Government of West Bengal, as saying.
The pandemic has shifted home buyers’ preferences from compact sizes to bigger units,a trend
that continues to play out in the residential real estate market. This is also a major reason for
slowdown in the launches of compact sized units over the past one year.
Of the various configurations, homes in the range of 501-1,000 sq ft continued to account for the highest share of 47 pc of the total registrations in April 2022.
The remaining configurations, of apartments up to 500 sq ft as well as unit sizes of 1,001 sq ft and above,compriseda 27 pc and 26 pc share each in the total registration pie.
UNI PC SJC BM
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Tags: #Greater Kolkata registers sales of 3#280 residential units in April 2022
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