The expansion of Kolkata’s metro network is poised to enhance connectivity, drive housing demand, and increase office leasing activity, according to industry leaders. Prime Minister Narendra Modi will inaugurate three new stretches later today: Sealdah to Esplanade (Green Line, 2.6 km), Noapara to Jai Hind Bimanbandar (Yellow Line, 6.77 km), and Hemanta Mukhopadhyay to Beleghata (Orange Line, 4.39 km), representing a significant infrastructure advancement for the city. Residential property prices in Kolkata have already risen by over 12 percent in the past year, with metro-connected micro-markets like East Kolkata, Rajarhat, and Joka/Behala performing better than overall trends, officials noted.
In Howrah, property values have increased by 8 percent, while commercial rates near new metro stations have surged by as much as 30 percent. Merlin Group MD Saket Mohta stated that improved connectivity will unlock new growth opportunities, and Emami Realty chief Nitesh Kumar remarked that this development will greatly benefit the city’s real estate sector.
