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Average Home Prices in Seven Cities Rise to rs 1.23 Crore in H1 FY25

Nov 21 2024

Average Home Prices in Seven Cities Rise to rs 1.23 Crore in H1 FY25

The average ticket size of homes sold across seven major cities reached approximately ?1.23 crore in H1 FY25, compared with ?1 crore in the same period of FY24, according to industry data.

Data shows that over 2,27,400 units worth around ?2,79,309 crore were sold across the top seven cities between April and September 2024. In comparison, about 2,35,200 units worth ?2,35,800 crore were sold during the corresponding period of FY24. Despite a 3% decline in overall unit sales, the total value of homes sold rose by 18%, reflecting strong demand for higher-priced and luxury properties.

Among the seven major markets, the National Capital Region recorded the highest growth in average ticket size — rising from approximately ?93 lakh in H1 FY24 to over ?1.45 crore in H1 FY25. While the value of inventory sold increased by 55%, the total number of units sold declined by 1%.

The Mumbai metropolitan region saw no change in average ticket size during this period. The region recorded around 76,410 units worth ?1,12,356 crore sold in H1 FY24, compared to about 77,735 units worth ?1,14,529 crore in H1 FY25.

Bengaluru witnessed the second-highest increase in average ticket size at 44%, rising from ?84 lakh in H1 FY24 to ?1.21 crore in H1 FY25.

Hyderabad saw the average ticket size rise from ?84 lakh in H1 FY24 to ?1.15 crore in H1 FY25, marking a 37% increase.

Chennai experienced a 31% rise, from ?72 lakh in H1 FY24 to ?95 lakh in H1 FY25.

In Pune, the average ticket size increased by 29%, from ?66 lakh in H1 FY24 to ?85 lakh in H1 FY25.

Kolkata recorded a 16% increase, with the average ticket size rising from ?53 lakh in H1 FY24 to ?61 lakh in H1 FY25.

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