kolkata the real estate market in kolkata has bounced back with aplomb registering sales of nearly 850 units valued at rs 400 crore in june nk realtors the biggest real estate consultant in the city has sold 210 units worth rs 100 crore during the month the real estate market in kolkata is back on track we were initially surprised by the volume of inquiries but soon realised that customers have accepted the new reality they are forming opinion on the projects based on virtual tours and just formalising the deal after a site visit in july we have rebounded to nearly 85 of the business prior to lockdown said nk realtors vicepersident biplab kumar the company saw a steady improvement in sales from 120 units in april to 159 units in may and 210 units in june the 489 units sold in the three months compares with 554 units sold in the corresponding period last year the industry sales during the quarter is pegged at 1700 units worth rs 850 crorethe behalathakupukurjoka belt accounted for 47 of sales followed by serampore at 13 southern bypass 10 dunlopbarrackpore belt 8 madhyambarasat stretch 5 rajarhat 5 and mukundapursonarpur 4 kolkata proper and new town made up the restinternational consultants anarock that released the first half data for 202021 said 3170 units had been sold in the first six months year against 7550 units in the corresponding period last year confederation of real estate developers association of india credai bengal chapter president nandu belani isnt surprised that customers are back but he admits the industry did not expect the revival this early the lockdown has made people realize the importance of a home decisions that had been put off earlier are now being pursued with purpose said belani analysis of the nk realtors data indicates that while three out of four homes sold are still those priced below rs 60 lakh demand for a new category has emerged post lockdown around 26 people who would have earlier settled for a 2bhk units now want a study and have purchased what is being touted as 25bhk units the pie of 2bhk units that comprised 35 of units sold in januarymarch this year has shrunk to 29 in apriljune and while the sales of 3bhk units remained constant sales of 4bhk units went up from 58 in the first three months of the year to 8 in the three months that followed sushil mohta the president of the state federation of credai and managing director of merlin group says kolkatas early recovery is owing to it being a userdriven market rather than one that is driven by investors merlin has recovered nearly 60 of business in june and expects to improve further in julypeople have also realised interest rate on home loan is low prices havent increased in five years this is the best time to buy he said adding that even for investors real estate offers the best opportunity now as the share