Average Ticket Size of Homes in India’s Top Cities Rises to Rs 1.23 Crore in H1 FY25
Average Ticket Size of Homes in India’s Top Cities Rises to Rs 1.23 Crore in H1 FY25
NCR records the highest growth in average ticket size, reflecting surging demand for luxury housing across major Indian cities.
The average ticket size of homes sold in India’s top seven cities reached Rs 1.23 crore during the first half of FY25 (April-September 2024), marking a 23% increase from Rs 1 crore in the same period last year, according to an Anarock report. These cities include the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Hyderabad, Pune, Chennai and Kolkata.
NCR Leads in Price Growth
The National Capital Region (NCR) saw the most significant jump in average ticket size, soaring by 56% from Rs 93 lakh in H1 FY24 to over Rs 1.45 crore in H1 FY25. However, while the total value of inventory sold in NCR rose by 55% to Rs 46,611 crore, the number of units sold dipped slightly by 1% from 32,315 to 32,120 during the same period.
The Mumbai Metropolitan Region (MMR) retained its leadership in housing sales, with 77,735 units worth Rs 1,14,529 crore sold in H1 FY25. This was a marginal increase in volume from 76,410 units worth Rs 1,12,356 crore in the year-ago period. Unlike NCR, MMR recorded no change in average ticket size, which remained at Rs 1.47 crore.
Overall Trends in Top Cities
Across the top seven cities, 2,27,400 units worth Rs 2,79,309 crore were sold in H1 FY25, compared to 2,35,200 units worth Rs 2,35,800 crore during the same period in FY24. While overall unit sales dropped by 3%, the total sales value surged by 18%, driven by the rising demand for luxury homes.
In terms of unit sales, Pune followed MMR with 40,190 units sold, while NCR (32,125), Bengaluru (31,380), and Hyderabad (27,820) rounded out the top five.
In terms of sales value, MMR led with Rs 1,14,529 crore, followed by NCR (Rs 46,611 crore), Bengaluru (Rs 37,863 crore), Pune (Rs 34,033 crore), and Hyderabad (Rs 31,993 crore).
The post-pandemic era has seen a surge in demand for luxury homes across India’s major cities. Escalating preferences for high-end real estate have driven record-breaking new launches and sales of costlier properties.
“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,” said Chairman of Anarock Group
