Suburban area in the periphery of Calcutta has generated a fair amount of demand amongst the flat buyers in the middle and lower middle income categories. This is because Calcutta predominantly has been a user driven market, rather than an investor driven market as in case with the rest of the metros. This is one of the reasons that the capital values have been at fairly reasonable levels thus attracting the middle class. A lot many projects are mushrooming in the peripheral suburban areas of Calcutta due to this persistent demand from the middle and lower middle income categories. Upmarket residential projects have witnessed stagnation due to a high amount of supply

The residential market in Calcutta has the Public-Private-Partnership (PPP) projects that has lend a smile to it. The PPP has seen a good demand where the Government agencies like the West Bengal Housing Board have taken up joint ventures with private corporates. New Town, adjacent to Salt Lake, is on the verge of opening up a 40,000 units in the first phase, being offered by the West Bengal Housing Infrastructure Development Corporation Limited (HIDCO).