Real estate sees rapid growth across the nation, according to a report by Anarock. The average ticket size of homes sold in the top cities in India stands at a whopping Rs 1.23 crore. The data reflects the collection in just the first half of the financial year, from April to September 2024. It is a 23% spike compared to Rs 1 crore in the corresponding period of FY24.
“Amid escalating demand for luxury homes after the pandemic, there have been record new launches and sales of costlier homes across the top seven cities. The average ticket size of homes sold in these cities was Rs 1.23 crore in H1 FY 2025, against Rs 1 crore in the corresponding period of FY 2024,” Anarock said in a report.
---Advertisement---Top Seven Cities in the list-
- Mumbai Metropolitan Region (MMR),
- The National Capital Region (NCR),
- Bengaluru,
- Hyderabad,
- Pune,
- Chennai,
- Kolkata.
National Capital Region (NCR)
According to reports, the National Capital Region (NCR) has seen the highest average ticket size surge 56% between the first half of FY24 and FY25. The monetary spike went from Rs 93 lakh to over Rs 1.45 crore. In FY25, 32,120 units worth Rs 46,611 crore were sold in the region, compared to 32,315 units worth Rs 30,154 crore in the same period last year. Meanwhile the value of sold inventory increased by 55%, the total number of units sold declined by 1%.
Mumbai Metropolitan Region (MMR)
The reports also provide statistics about the Mumbai Metropolitan Region (MMR), which saw no changes in FY24. The average ticket size of sold units was Rs 1.47 crore. A total of 76,410 units worth Rs 1,12,356 crore were sold in H1 FY24. In H1 FY25, around 77,735 units worth Rs 1,14,529 crore were sold, said Puri.
---Advertisement---Anuj Puri, chairman of Anarock Group, said, “Over 2,27,400 units worth about Rs 2,79,309 crore were sold across the top-7 cities between April and September 2024. Contrastingly, the corresponding period of FY2024 saw nearly 2,35,200 units worth Rs 2,35,800 crore sold. Despite a 3 per cent drop in overall unit sales, the total sales value outstripped that of a year ago by 18 per cent – clearly underscoring the unrelenting demand for luxury homes.”
Sales During April-September 2024
- Most number of units sold:
- MMR: 77,735 units
- Pune: 40,190 units
- NCR: 32,125 units
- Bengaluru: 31,380 units
- Hyderabad: 27,820 units
- In terms of value:
- Hyderabad: Rs 31,993 crore
- MMR: Rs 1,14,529 crore
- NCR: Rs 46,611 crore
- Bengaluru: Rs 37,863 crore
- Pune: Rs 34,033 crore
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