The average home price in top seven cities touched ₹1.23 crore in H1 FY25, up 23% in a year. NCR led with a 56% surge in average ticket size of homes in H1 FY2025 from approximately ₹93 lakh in H1 FY2024 to over ₹1.45 crore in H1 FY2025, a report by Anarock has said.
Overall approximately 2,27,400 units worth ₹2,79,309 crore were sold across these cities from April-Sept (H1 FY25). The average ticket size of homes sold in these cities was ₹1.23 crore in H1 FY 2025, against ₹1 crore in the corresponding period of FY 2024.
During H1 FY2025, NCR saw the sale of approximately 32,120 units worth ₹46,611 crore, compared to 32,315 units worth ₹30,154 crore in H1 FY2024. While the number of units sold dipped slightly by 1%, the total value of sold inventory surged by 55%, underlining the growing demand for premium homes in the region.
"Over 2,27,400 units worth approximately ₹2,79,309 crore were sold across the top 7 cities between April and September 2024. Contrastingly, the corresponding period of FY2024 saw approximately 2,35,200 units worth ₹2,35,800 crore 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," said Anuj Puri, Chairman - ANAROCK Group.
Also Read: Why real estate developers are launching a flurry of ₹5 crore-plus luxury apartments in Noida
Not MMR but Bengaluru witnessed the second highest jump in average property prices
{{/usCountry}}Also Read: Why real estate developers are launching a flurry of ₹5 crore-plus luxury apartments in Noida
Not MMR but Bengaluru witnessed the second highest jump in average property prices
{{/usCountry}}MMR saw no change in average ticket size in this period. In H1 FY 2024, the average ticket size of sold units was ₹1.47 crore. The region saw approximately 76,410 units worth ₹1,12,356 crore. sold in H1 FY 2024, while H1 FY 2025 saw approximately 77,735 units worth approximately ₹1,14,529 crore sold, the analysis showed.
At 44%, Bengaluru witnessed the second highest jump in average ticket size among the top 7 cities - it rose from ₹84 lakhs in H1 FY2024 to ₹1.21 crore in H1 FY 2025. Approximately 31,440 units worth ₹26,274 crore were sold in the city in H1 FY 2024. H1 FY 2025 saw nearly the same number of units (31,381) sold, but their total value was higher at ₹37,863 crore.
In Hyderabad, H1 FY 2024 saw the average ticket size of sold units at ₹84 lakhs - this increased by 37% to ₹1.15 crore in H1 FY 2025. Approximately 29,940 units worth ₹25,059 crore were sold in Hyderabad in H1 FY 2024, while in H1 FY 2025, approximately 27,820 units worth approximately ₹31,993 crore were sold.
In Pune, the average ticket size in H1 FY 2024 was ₹66 lakhs - it increased by 29% to ₹85 lakhs in H1 FY 2025. Approximately 43,560 units worth ₹28,590 crore were sold in the city in H1 FY 2024, while H1 FY 2025 saw approximately 40,190 units worth approximately ₹34,033 crore were sold.