Summary of this article
Major metropolitan cities grow in population and accommodations.
Residential property prices simultaneously continue to climb.
It is important to be aware of the prices and the underlying patterns behind the price rise.
As major metropolitan cities grow in population and accommodations, residential property prices simultaneously continue to climb. The pace, however, varies significantly from one city to the other. For instance, Mumbai has a high demand for premium housing in a limited land supply, which is not the case with any other metro or tier 2 or tier 3 city.
So, for a potential buyer exploring this landscape, it is important to be aware of the prices and the underlying patterns behind the price rise.
Incidentally, Mumbai still retains the top spot when it comes to real estate. A report for Q2 2025 published by Maharashtra Chamber of Housing Industry-Confederation of Real Estate Developers' Associations of India shows that the weighted average price in Maharashtra was Rs 21,318 per sq ft, with year-on-year (y-o-y) growth of about 7 per cent. Over the past decade, Mumbai remains the costliest residential area in India.
According to a report by Anarock, titled Residential Market Viewpoints Pan India Q2 2025, released recently, on the Delhi-National Capital Region (Delhi-NCR) has had significant expansions in residential development and a robust growth and has seen the sharpest growth with a rise of 24 per cent annually. The luxury housing segment is growing rapidly. The average base selling price in Delhi NCR is around Rs 8,650 per sq. ft.
Down south, Bengaluru showed a y-o-y growth of 20 per cent. There’s also a 12 per cent increase in property rates. The average among quarters has been dwindling around Rs 8,650 per sq ft. In many urban and tech-zone localities such as Whitefield, Electronic-City, the prices surpass the average.
Hyderabad is generally more affordable than Mumbai or Delhi and is also emerging as a strong player when it comes to sale and preference in residential properties. The price range is around Rs 8,000-20,000/sq ft. Hyderabad’s y-o-y growth suggests a hike of 7-10 per cent in prices.
Reuters had also conducted a poll among real estate analysts and property experts of India. Ajay Sharma MD, Colliers International and Arvind Nandan, MD, Savills India had said they expected an increase in price of about 6.50 per cent in 2025 for major cities. The poll showed that some cities like Delhi-NCR, and Mumbai Metropolitan Region (MMR) and Pune showed a steady growth, while Bengaluru and Hyderabad showed a modest growth.
