With demand for luxurious houses after the pandemic escalating, there have been file new launches and gross sales of costlier houses throughout the highest 7 cities.
The typical ticket dimension of houses offered in these cities was Rs 1.23 crore within the first half (H1) of the monetary 12 months 2024-25 (FY25), in opposition to Rs 1 crore within the corresponding interval of FY24, an increase of 23 per cent, based on Anarock knowledge.
“Over 2,27,400 items price Rs 2,79,309 crore had been offered throughout the highest 7 cities between April and September of 2024. Contrastingly, the corresponding interval of FY24 noticed 2,35,200 items price Rs 2,35,800 crore offered,” mentioned Anuj Puri, chairman, Anarock group. Regardless of a 3 per cent drop in general unit gross sales, the whole gross sales worth outstripped that of a 12 months in the past by 18 per cent, clearly underscoring the unrelenting demand for luxurious houses.”
A deep-dive reveals that at 56 per cent, NCR noticed the very best common ticket dimension progress – from round Rs 93 lakh within the first half of FY24 to over Rs 1.45 crore within the first half of FY25. Additional, 32,315 items price RS 30,154 crore had been offered within the area in H1 of FY24; in H1 of FY25, 32,120 items price Rs 46,611 crore had been offered. Whereas the worth of offered stock elevated by 55 per cent on this interval, the whole variety of items offered declined by 1 per cent.
“MMR (Mumbai Metropolitan Area) noticed no change in common ticket dimension on this interval,” Puri mentioned.
“In H1 of FY24, the typical ticket dimension of offered items was Rs 1.47 crore. The area noticed 76,410 items price Rs 1,12,356 crore offered in H1 of FY24, whereas first half of this fiscal (12 months) noticed round 77,735 items price Rs 1,14,529 crore offered.”
Bengaluru logs 2nd highest soar in common ticket dimension
At 44 per cent, Bengaluru witnessed the second highest soar in common ticket dimension among the many prime 7 cities — it rose from Rs 84 lakh within the first half of final 12 months to Rs 1.21 crore in H1 of FY25.
Almost 31,440 items price Rs 26,274 crore had been offered within the metropolis in H1 FY24. The primary half of FY25 noticed practically similar variety of items (31,381) offered, however their complete worth was greater at Rs 37,863 crore.
In Hyderabad, the primary half noticed the typical ticket dimension of offered items at Rs 84 lakh — this elevated by 37 per cent to Rs 1.15 crore in H1 of FY25.
And, 29,940 items price Rs 25,059 crore had been offered in Hyderabad final 12 months whereas 27,820 items price Rs 31,993 crore had been offered this monetary 12 months.
Chennai noticed a soar of 31 per cent in common ticket dimension — from Rs 72 lakh within the first half of FY24 to Rs 95 lakh in H1 of FY25. Additionally, 10,435 items price Rs 7,516 crore had been offered within the metropolis in H1 of FY24, whereas within the first half of FY25, 9,531 items had been offered, however their complete gross sales worth was greater at Rs 9,015 crore.
In Pune, the typical ticket dimension within the first half of FY24 was Rs 66 lakh — it elevated by 29 per cent to Rs 85 lakh within the present monetary 12 months.
Additional, 43,560 items price Rs 28,590 crore had been offered within the metropolis within the first half of FY24, whereas H1 of FY25 noticed 40,190 items price about Rs 34,033 crore offered.
| Cities | Avg. Ticket Measurement H1FY24 (In Cr.) | Avg. Ticket dimension H1FY25 (In Cr.) |
| Bengaluru | 0.84 | 1.21 |
| Hyderabad | 0.84 | 1.15 |
| Chennai | 0.72 | 0.95 |
| Pune | 0.66 | 0.85 |
| Kolkata | 0.53 | 0.61 |
| NCR | 0.93 | 1.45 |
| MMR | 1.47 | 1.47 |
| Complete | 1.00 | 1.23 |
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Kolkata witnessed a 16 per cent soar in common ticket dimension — it rose from Rs 53 lakh in H1 FY24 to Rs 61 lakh within the first half of FY25.
Round 11,095 items price Rs 5,851 crore had been offered Kolkata in H1 of FY24.
In H1 of FY25, round 8,620 items had been offered at decrease gross sales worth of Rs 5,265 crore.
