Average Flat Price in Top 7 Indian Cities at Rs. 1.23 Cr in H1 FY25, up 23% in a Year

Average Home Price in Top 7  Indian Cities at Rs. 1.23 Cr in H1 FY25, up 23% in a Year

 

  • In H1 FY2024, the average ticket size of homes sold across the top 7 cities was approx. Rs. 1 Cr
  • Approx. 2,27,400 units worth INR 2,79,309 Cr sold across these cities from April-Sept (H1 FY25)
  • In H1 of FY2024, approx. 2,35,200 units worth INR 2,35,800 Cr were sold
  • Despite lower unit sales (-3%) in H1 FY2025, overall sales value exceeds that of last year (+18%) - luxury homes reign
  • NCR saw the highest growth (56%) in avg. ticket size – from approx. INR 93 lakh in H1 FY2024 to over INR 1.45 Cr in H1 FY2025
  • H1 FY2025 saw approx. 32,120 units sold worth INR 46,611 Cr sold in NCR, against approx. 32,315 flats worth INR 30,154 Cr in H1 FY2024

Mumbai, 20th November 2024: Amid escalating demand for luxury homes after the pandemic, there have been record new launches and sales of costlier homes across the top 7 cities, finds latest ANAROCK data. The average ticket size of homes sold in these cities was INR 1.23 crore in H1 FY 2025, against INR 1 Cr in the corresponding period of FY 2024.

Mr. Anuj Puri, Chairman - ANAROCK Group, says, "Over 2,27,400 units worth approx. INR 2,79,309 Cr were sold across the top 7 cities between April and September 2024. Contrastingly, the corresponding period of FY2024 saw approx. 2,35,200 units worth INR 2,35,800 Cr. sold. Despite a 3% drop in overall unit sales, the total sales value outstripped that of a year ago by 18% - clearly underscoring the unrelenting demand for luxury homes."

A deep-dive reveals that at 56%, NCR saw the highest average ticket size growth – from approx. INR 93 lakh in H1 FY2024 to over INR 1.45 Cr in H1 FY2025. Approx. 32,315 units worth INR 30,154 Cr were sold in the region in H1 FY2024; in H1 FY2025, approx. 32,120 units worth INR 46,611 Cr were sold. While the value of sold inventory increased by 55% in this period, the total number of units sold declined by 1%.

"MMR saw no change in average ticket size in this period," says Puri. "In H1 FY 2024, the average ticket size of sold units was INR 1.47 Cr. The region saw approx. 76,410 units worth INR 1,12,356 Cr. sold in H1 FY 2024, while H1 FY 2025 saw approx. 77,735 units worth approx. INR 1,14,529 Cr sold."

 

Cities

Avg. Ticket Size H1FY24 (In Cr.)

Avg. Ticket size H1FY25 (In Cr.)

Bangalore

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

Source: ANAROCK Research

 

City-wise Breakdown 

  • At 44%, Bengaluru witnessed the second highest jump in average ticket size among the top 7 cities - it rose from INR 84 lakhs in H1 FY2024 to INR 1.21 Cr in H1 FY 2025. Approx. 31,440 units worth INR 26,274 Cr were sold in the city in H1 FY 2024. H1 FY 2025 saw nearly same number of units (31,381) sold, but their total value was higher at INR 37,863 Cr.
  • In Hyderabad, H1 FY 2024 saw the average ticket size of sold units at INR 84 lakhs - this increased by 37% to INR 1.15 Cr in H1 FY 2025. Approx. 29,940 units worth INR 25,059 Cr. were sold in Hyderabad in H1 FY 2024, while in H1 FY 2025, approx. 27,820 units worth approx. INR 31,993 Cr were sold.
  • Chennai saw a jump of 31% in average ticket size - from INR 72 lakhs in H1 FY2024 to INR 95 lakh in H1 FY 2025. Approx. 10,435 units worth INR 7,516 Cr were sold in the city in H1 FY 2024, while in H1 FY 2025, approx. 9,531 units were sold - but their total sales value was higher at INR 9,015 Cr.
  • In Pune, the average ticket size in H1 FY 2024 was INR 66 lakhs - it increased by 29% to INR 85 lakhs in H1 FY 2025. Approx. 43,560 units worth INR 28,590 Cr were sold in the city in H1 FY 2024, while  H1 FY 2025 saw approx. 40,190 units worth approx. INR 34,033 Cr were sold.
  • Kolkata witnessed a 16% jump in average ticket size - it rose from INR 53 lakhs in H1 FY2024 to INR 61 lakh in H1 FY 2025. Approx. 11,095 units worth INR 5,851 Cr were sold in Kolkata in H1 FY 2024. In H1 FY 2025, approx. 8,620 units were sold at lower sales value of INR 5,265 Cr.

 

City

H1FY24 (Apr-Sep 2023)

H1FY25 (Apr-Sep 2024)

No of Units Sold

Value of Units Sold Rs. Cr.

No of Units Sold

Value of Units Sold Rs. Cr.

Bangalore

31,440

26,274

31,380

37,863

Hyderabad

29,940

25,059

27,820

31,993

Chennai

10,435

7,516

9,530

9,015

Pune

43,565

28,590

40,190

34,033

Kolkata

11,095

5,851

8,620

5,265

NCR

32,315

30,154

32,125

46,611

MMR

76,410

1,12,356

77,735

1,14,529

Total

2,35,200

2,35,800

2,27,400

2,79,309

Source: ANAROCK Research

 

 

 

 

Share:

No comments:

Post a Comment

Popular Posts

Blog Archive

Recent Posts

Featured Post

Indian Mutual Fund Investors Folios are at all-time high at 22.08 Crores..!

Highlights AMFI Mutual Fund Industry Monthly Data for November 2024   Indian Mutual Fund Investors Folios are at all-time high at  22.08 Cro...