Luxury Homes In Demand! Average Housing Price In Top 7 Cities At 1.23 Cr In H1 FY25

The demand for luxury homes in India has grown post-pandemic with record new launches and sales of costlier housing units across the top 7 cities. According to the latest ANANROCK data, the average ticket size of homes sold in India’s top 7 cities in the first half of financial year 2024-25 has reached Rs 1.23 crore, a leap from Rs 1 crore during the same period last year.

This isn’t just a statistical high but a shift in how Indians are defining their living spaces post-pandemic. “Over 2,27,400 units worth approximately Rs 2,79,309 crore were sold between April and September 2024,” said Anuj Puri, Chairman of ANAROCK Group. The value of these transactions is 18 per cent higher than in the same period last year, even though the number of units sold saw a slight 3 per cent dip. Clearly, the appetite for premium housing is on the rise.

Here’s a breakdown of data on how average housing prices faring across top 7 cities:

NCR Takes The Luxury Route

No city illustrates this shift better than the National Capital Region (NCR). With around 56 per cent rise in average ticket size, from Rs 93 lakh in H1 FY2024 to Rs 1.45 crore in H1 FY2025, NCR has emerged as a luxury hotspot.

In NCR, the number of units sold seemed relatively steady while hovering around 32,000. The value of these transactions, however, jumped by 55 per cent. This points towards the homebuyers' preference for high-value homes.

MMR Shows Stability, Bengaluru Shows Growth

The Mumbai Metropolitan Region (MMR) has maintained its status as India’s priciest housing market, the data shows.

While there is no significant change in average ticket size, holding steady at Rs 1.47 crore, the region saw a marginal increase in units sold, from 76,410 in H1 FY2024 to 77,735 in H1 FY2025. This drove a total transaction value of Rs 1,14,529 crore, the highest among all cities.

The tech-hub of India, Bengaluru, is witnessing a 44 per cent surge in average ticket size, rising from Rs 84 lakh to Rs 1.21 crore. What’s notable is the city sold almost the same number of units, approximately 31,400 in both periods. However, the overall transaction value skyrocketed from Rs 26,274 crore to Rs 37,863 crore.

The Steady Climbers

Hyderabad witnessed a 37 per cent hike in average ticket size, moving from Rs 84 lakh to Rs 1.15 crore. While fewer units were sold this year compared to last, the total sales value rose by 28 per cent.

In Chennai, the average ticket size jumped by 31 per cent, showing a growing market for premium housing. Pune also joined the fray, with its ticket size increasing by 29 per cent, marking it as one of the most dynamic markets for high-value real estate.

Kolkata, while a part of this trend, lagged behind other cities with a modest 16 per cent rise in average ticket size. However, the total sales value dipped, showing that the city’s luxury market is still finding its footing.