kolkata sales of homes in kolkata have nearly doubled in the first six months of the financial year compared to the corresponding period last year leading to a twofold rise in revenue from sales of homes during the periodthe jump in sales was registered despite increased interest rates and basic property cost what appears to have worked in the industrys favour is the state governments continued support in extending the 2 cut in stamp duty rates and 10 reduction in circle rates while registering sales deedsaccording to an analysis conducted by real estate consultants anarock group sale of homes in aprilseptember 2022 at 9750 units was 105 higher than 4740 units sold during the corresponding period last year this resulted in a 115 increase in value of homes from rs 4774 crore in the first half of this fiscal against rs 2225 crore in the first half last fiscalkolkata east which includes micro markets like rajarhat new town em bypass salt lake and tangra contributed around 43 of sales north kolkata which includes key micro markets like dum dum ultadanga bt road uttarpara barasat madhyamgram serampore and hooghly contributed approximately 32 of sales south kolkata which includes key micro markets like joka behala narendrapur rajpursonarpur tollygunge baruipur and garia contributed around 22also micro markets of garia and joka registered the highest yearly price increase of 6 while rajarhat new town and madhyamgram witnessed a price appreciation of 5 em bypass and maheshtala micro markets recorded a price appreciation of 4 on a yearonyear basisoverall the sales have been very good it could have been better still but for the hike in interest rate of 152 in housing loan we expect the rest of the year to be positive with the middleclass continuing to prioritise house purchase said confederation of real estate developers associations west bengal president sushil mohtaacross the top seven cities in india homes worth rs 155833 crore were sold in the first half of financial year 2023 a 119 rise over rs 71295 crore worth residential units sold in the corresponding period of financial year 2022 between april and september around 173155 homes were sold across the seven cities mumbai delhi kolkata chennai bengaluru hyderabad and punein terms of value mumbai metropolitan region mmr topped the list with housing sales worth rs 74835 crore in aprilseptember 2022 followed by delhi ncr with sales of rs 24374 crore while mmr saw a yearly gain of 110 in overall housing sales value ncr saw a whopping 174 jump said anarock group chairman anuj puri