The weighted average launch price of homes in India’s top nine cities rose by 9% in FY2024-25 to ₹13,197 per sq. ft as compared with ₹12,569 per sq. ft. in FY2023-24, according to a study by data analytics firm PropEquity.
These cities include Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Navi Mumbai, Thane and Pune.
As per the study in the last one year, while housing prices rose the most in Kolkata by 29%, followed by Thane (17%), Bengaluru (15%), Pune (10%), Delhi-NCR (5%), Hyderabad (5%) and Chennai (4%), the prices fell by 3% each in Mumbai and Navi Mumbai.
, “Housing prices have appreciated between 10-30% in Bengaluru, Kolkata, Pune and Thane,” Samir Jasuja, founder and CEO, PropEquity, said in a statement.
“While the demand and supply have been subdued in the past one year, the rise in input cost, including land, labour and construction material, over the past couple of years have led to firming up of housing prices,” he said.
“The price appreciation has been growing at a slower rate, though. Average housing prices grew by 12% in top 9 cities FY24,” he said.
“However, in the last two financial years (FY23-25), housing prices have risen by 18% with Bengaluru recording the highest growth at 44%, Kolkata (29%), Chennai (25%), Thane (23%), Delhi-NCR (20%), Pune (18%), Navi Mumbai (13%), Mumbai (11%) and Hyderabad (5%),” he added.
According to PropEquity report, housing sales have declined 23% to 1,05,791 units, while supply dropped by 34% to 80,774 in the January-March quarter of 2025.
Published – April 10, 2025 09:47 pm IST
