Kolkata’s Office Leasing in New Town Soars 18% Amid IT Growth
Kolkata’s commercial real estate market is witnessing a significant surge as Grade A office space leasing in New Town jumps by 18%. Rentals currently range between ₹50 to ₹80 per square foot per month, reflecting growing demand fueled primarily by the expanding IT sector and burgeoning data centers.
New Town, known for its modern infrastructure and tech-friendly ecosystem, has emerged as the city’s preferred commercial hub. The influx of IT companies and data center operations has boosted the need for premium office spaces, attracting both established firms and startups.
The availability of advanced facilities, robust connectivity, and supportive policies further contribute to this leasing upswing. Market analysts expect the trend to continue, as New Town positions itself as a key node for Kolkata’s economic development.
This growth not only benefits landlords and developers but also stimulates employment and ancillary services in the region, reinforcing New Town’s reputation as a thriving business destination.
