Average home prices in cities at Rs 123 Mn in H1 FY25: Report
Real Estate

Average home prices in cities at Rs 123 Mn in H1 FY25: Report

The average ticket size of homes sold across seven cities is approximately Rs 123 million in H1 FY25. Anuj Puri, chairman, Anarock Group said, "Over 2,27,400 units worth approximately Rs 2793 billion were sold across the top seven cities between April and September 2024. Contrastingly, the corresponding period of FY2024 saw about 2,35,200 units worth Rs 2358 billion being 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."The data reveals that NCR saw the highest average ticket size growth – from approximately Rs 93 lakh in H1 FY24 to over Rs 145 million in H1 FY25. While the value of sold inventory increased by 55% in this period, the total number of units sold declined by 1%. Mumbai metropolitan region saw no change in average ticket size in this period,” says Puri. “In H1 FY24, the average ticket size of sold units was Rs 147 million. The region saw approx. 76,410 units worth Rs 1123.56 billion sold in H1 FY24, while H1 FY25 saw approx. 77,735 units worth approx. Rs 1145.29 billion sold.” At 44%, Bengaluru witnessed the second highest jump in average ticket size among the seven cities - it rose from Rs 84 lakh in H1 FY24 to Rs 1.21 crore in H1 FY25. Chennai saw a jump of 31% in average ticket size - from Rs 72 lakh in H1 FY24 to Rs 95 lakh in H1 FY25. In Pune, the average ticket size in H1 FY24 was Rs 66 lakh - it increased by 29% to Rs 85 lakh in H1 FY25. Kolkata witnessed a 16% jump in average ticket size - it rose from Rs 53 lakh in H1 FY24 to Rs 61 lakh in H1 FY25.

The average ticket size of homes sold across seven cities is approximately Rs 123 million in H1 FY25. Anuj Puri, chairman, Anarock Group said, Over 2,27,400 units worth approximately Rs 2793 billion were sold across the top seven cities between April and September 2024. Contrastingly, the corresponding period of FY2024 saw about 2,35,200 units worth Rs 2358 billion being 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.The data reveals that NCR saw the highest average ticket size growth – from approximately Rs 93 lakh in H1 FY24 to over Rs 145 million in H1 FY25. While the value of sold inventory increased by 55% in this period, the total number of units sold declined by 1%. Mumbai metropolitan region saw no change in average ticket size in this period,” says Puri. “In H1 FY24, the average ticket size of sold units was Rs 147 million. The region saw approx. 76,410 units worth Rs 1123.56 billion sold in H1 FY24, while H1 FY25 saw approx. 77,735 units worth approx. Rs 1145.29 billion sold.” At 44%, Bengaluru witnessed the second highest jump in average ticket size among the seven cities - it rose from Rs 84 lakh in H1 FY24 to Rs 1.21 crore in H1 FY25. Chennai saw a jump of 31% in average ticket size - from Rs 72 lakh in H1 FY24 to Rs 95 lakh in H1 FY25. In Pune, the average ticket size in H1 FY24 was Rs 66 lakh - it increased by 29% to Rs 85 lakh in H1 FY25. Kolkata witnessed a 16% jump in average ticket size - it rose from Rs 53 lakh in H1 FY24 to Rs 61 lakh in H1 FY25.

Next Story
Infrastructure Transport

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Next Story
Infrastructure Urban

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Next Story
Infrastructure Transport

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000