Home Prices in India’s Top Cities Rise by 23%, Reaching Rs1.23 Crore

                With demand for luxury homes after the pandemic escalating, there have been record new launches and sales of costlier homes across the top 7 cities.
The average ticket size of homes sold in these cities was Rs 1.23 crore in the first half (H1) of the financial year 2024-25 (FY25), against Rs 1 crore in the corresponding period of 
FY24, a rise of 23 per cent, according to Anarock data.
“Over 2,27,400 units worth Rs 2,79,309 crore were sold across the top 7 cities between April and September of 2024. Contrastingly, the corresponding period of FY24 saw 2,35,200 
units worth Rs 2,35,800 crore sold,” said Anuj Puri, chairman, Anarock group. Despite a 3 per cent drop in overall unit sales, the total sales value outstripped that of a year ago by 18 
per cent, clearly underscoring the unrelenting demand for luxury homes.”
A deep-dive reveals that at 56 per cent, NCR saw the highest average ticket size growth – from around Rs 93 lakh in the first half of FY24 to over Rs 1.45 crore in the first half of FY25. 
Further, 32,315 units worth RS 30,154 crore were sold in the region in H1 of FY24; in H1 of FY25, 32,120 units worth Rs 46,611 crore were sold. While the value of sold inventory 
increased by 55 per cent in this period, the total number of units sold declined by 1 per cent.
“MMR (Mumbai Metropolitan Region) saw no change in average ticket size in this period,” Puri said.
“In H1 of FY24, the average ticket size of sold units was Rs 1.47 crore. The region saw 76,410 units worth Rs 1,12,356 crore sold in H1 of FY24, while first half of this fiscal (year) saw 
around 77,735 units worth Rs 1,14,529 crore sold.”
Bengaluru logs 2nd highest jump in average ticket size
At 44 per cent, Bengaluru witnessed the second highest jump in average ticket size among the top 7 cities — it rose from Rs 84 lakh in the first half of last year to Rs 1.21 crore in H1 
of FY25.
Nearly 31,440 units worth Rs 26,274 crore were sold in the city in H1 FY24. The first half of FY25 saw nearly same number of units (31,381) sold, but their total value was higher at Rs 
37,863 crore.
In Hyderabad, the first half saw the average ticket size of sold units at Rs 84 lakh — this increased by 37 per cent to Rs 1.15 crore in H1 of FY25.
And, 29,940 units worth Rs 25,059 crore were sold in Hyderabad last year while 27,820 units worth Rs 31,993 crore were sold this financial year.
Chennai saw a jump of 31 per cent in average ticket size — from Rs 72 lakh in the first half of FY24 to Rs 95 lakh in H1 of FY25. Also, 10,435 units worth Rs 7,516 crore were sold in 
the city in H1 of FY24, while in the first half of FY25, 9,531 units were sold, but their total sales value was higher at Rs 9,015 crore.
In Pune, the average ticket size in the first half of FY24 was Rs 66 lakh — it increased by 29 per cent to Rs 85 lakh in the current financial year.
Further, 43,560 units worth Rs 28,590 crore were sold in the city in the first half of FY24, while H1 of FY25 saw 40,190 units worth about Rs 34,033 crore sold.
Cities	Avg. Ticket Size H1FY24 (In Cr.)	Avg. Ticket size H1FY25 (In Cr.)
Bengaluru	0.84	1.21
Hyderabad	0.84	1.15
Chennai	0.72	0.95
Pune	0.66	0.85
Kolkata	0.53	0.61
NCR	0.93	1.45
MMR	1.47	1.47
Total	1.00	1.23
 
Kolkata witnessed a 16 per cent jump in average ticket size — it rose from Rs 53 lakh in H1 FY24 to Rs 61 lakh in the first half of FY25.
Around 11,095 units worth Rs 5,851 crore were sold Kolkata in H1 of FY24.
In H1 of FY25, around 8,620 units were sold at lower sales value of Rs 5,265 crore.


Source : Economic Times