Average home price rises by 9 percent Y-o-Y in top 9 cities in FY25: PropEquity
10-Apr-2025 04:16 PM 6796
Kolkata, Apr 10 (Reporter) 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 12569 per sq. ft. in FY 2023-24, said a report by NSE-listed data analytics firm PropEquity. The top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Navi Mumbai, Thane and Pune. In the last one year, housing prices rose the most in Kolkata by 29 pc followed by Thane (17 pc), Bengaluru (15 pc), Pune (10 pc),Delhi-NCR (5 pc), Hyderabad (5 pc) and Chennai (4pc). Dramatically the housing prices fell by 3 pc each in the national financial capital Mumbai and Navi Mumbai. Weighted average price of new launches (Rs per sq. ft.), the report said. PropEquity founder and ceo Samir Jasuja said “Housing prices have appreciated between 10-30 pc 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 pc in the top 9 cities FY24. However, in the last two financial years (FY23-25), housing prices have risen by 18 pc with Bengaluru recording the highest growth at 44 pc, Kolkata (29 pc), Chennai (25 pc), Thane (23 pc), Delhi-NCR (20 pc), Pune (18 pc), Navi Mumbai (13 pc), Mumbai (11 pc) and Hyderabad (5 pc). According to PropEquity report, housing sales have dipped 23 pc to 1,05,791 units while supply dipped by 34 pc to 80,774 in Jan-March of 2025...////...
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