Business EconomyPosted at: Apr 11 2025 1:47AM


Average home price raises 9 pc Y-o-Y in top 9 cities in FY25: PropEquity

Hyderabad, Apr 10 (UNI) The weighted average launch price of homes in India’s top 9 cities rose by 9 percent in FY 2024-25 to Rs 13,197 per sq ft, as compared to Rs 12,569 per sq ft in the previous year, said a report by NSE-listed data analytics firm PropEquity.
The top nine cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Navi Mumbai, Thane and Pune, the report stated.
In the last one year, housing prices raised the most in Kolkata by 29 percent, 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.
Samir Jasuja, Founder and CEO, PropEquity said: “Housing prices have appreciated between 10-30 per cent 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 percent in top 9 cities FY24.”
However, in the last two financial years (FY23-25), housing prices have risen by 18 percent with Bengaluru recording the highest growth at 44 percent, 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 percent to 1,05,791 units while supply dipped by 34 percent to 80,774 in Jan-March of 2025.
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