Will Kolkata real estate boom or struggle after this new political shift?
My cousin is in a pretty confusing situation right now and we’ve been going back and forth on what the best option is.
A few years back, he booked a premium 3BHK at Tata 88 East in Alipore. Possession is almost here now.
But recently he got a senior corporate role in Mumbai and the whole family is relocating there permanently.
Now the question is whether it makes sense to keep such an expensive property in Kolkata and rent it out, or just sell it and move the money to Mumbai instead.
Rental yields in Kolkata already feel very weak for such expensive properties. Locking ₹4Cr+ into a luxury apartment just to get 2–3% rental return plus pay huge maintenance charges doesn’t feel great.
And now with the 2026 election result changing the government in Bengal, the political situation also feels uncertain. While some optimists are shouting about a "pro-growth industrial reset," political transitions in Bengal has been historically messy.
Compared to that, Mumbai just feels like a far more active market for expensive real estate. Better liquidity, stronger demand, more movement overall.
Would you still hold a luxury property in Kolkata in this situation or just exit and redeploy the money?