The weighted average launch price of homes in India’s top 9 cities rose by 9% in FY 2024-25 to INR 13,197 per sq. ft. as compared to INR 12569 per sq. ft. in FY 2023-24, said a report by NSE-listed data analytics firm PropEquity.
The top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Navi Mumbai, Thane and Pune.
In the last one year, 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%).
Housing Prices fell by 3% each in Mumbai and Navi Mumbai.
Weighted Average Price of New Launches (Rs per sq. ft.) | |||
Location | FY (2024-25) | FY (2023-24) | FY25vFY24 |
Bengaluru | 9852 | 8577 | 15% |
Kolkata | 8009 | 6201 | 29% |
Chennai | 7989 | 7645 | 4% |
Hyderabad | 8306 | 7890 | 5% |
Navi Mumbai | 12855 | 13286 | -3% |
Mumbai | 34026 | 35215 | -3% |
Pune | 10832 | 9877 | 10% |
Thane | 12880 | 11030 | 17% |
Delhi NCR | 14020 | 13396 | 5% |
13197 | 12569 | 9% | |
Samir Jasuja, Founder and CEO, PropEquity said: “Housing prices have appreciated between 10-30% in Bengaluru, Kolkata, Pune and Thane. 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. The price appreciation has been growing at a slower rate, though. Average housing prices grew by 12% in top 9 cities FY24.”
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%).
According to PropEquity report, housing sales have dipped 23% to 1,05,791 units while supply dipped by 34% to 80,774 in Jan-March of 2025.
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