India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Kolkata’s commercial real estate market has witnessed a major ownership shift, with a listed national developer divesting an operational IT and ITeS SEZ and adjoining land for around ₹670 crore. The transaction reflects portfolio rationalisation by large developers and renewed interest from regional players in stable, income-generating urban assets.
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Srijan Realty, one of Eastern India’s leading real estate developers, has announced the launch of Westcom, a modern residential complex strategically located in Taratala, Kolkata. Designed as a state-of-the-art business hub, Westcom features flexible office spaces, premium retail, and world-class amenities, presenting a prime opportunity for enterprises and investors seeking a future-ready environment within the city’s evolving business corridor.
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Kolkata’s commercial office market experienced a sharp 60% rise in leasing activity in H1 2025, reaching a decade-high of 1.1 million sq ft. Driven by a major IT deal and two flex workspace transactions, vacancy rates dropped, rents rose, and peripheral business districts, such as Salt Lake and Rajarhat, led the transformation.
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Kolkata’s coworking cafés are booming this summer as freelancers and hybrid workers seek cool, power-cut-free spaces. Blending café culture with flexible work needs, venues like CoLAB, Artsy, and The Red Bari offer high-speed internet, refreshments, and creative environments, reshaping the city’s work culture with comfort, community, and connectivity at the core.
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Kolkata’s office space leasing dipped 16% in Q1 2025, but average rents rose 9%, the highest among top Indian cities. Flexible workspaces dominated demand, while residential prices hit a six-year high. Despite a slight drop in home sales, luxury housing and new launches showed strong growth, signalling market resilience.
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Kolkata’s office market hit record net leasing of 1.5M sq ft in 2024, driven by IT-BPO, BFSI, and consulting demand. Significant deals and robust 2025 supply pipelines position the city as a growing commercial hub, contributing to India’s 89M sq ft office leasing milestone across major cities.
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