Looking to buy a house in a top Indian city? Be prepared to pay over Rs 1.2 cr

Demand for luxury homes has surged across India’s top seven cities post-pandemic, leading to record sales and new launches, according to ANAROCK’s latest report. In H1 FY2025, the average ticket size of homes in these cities reached Rs 1.23 crore, up from Rs 1 crore in the same period of FY2024.Anuj Puri, Chairman of ANAROCK Group, noted, “Over 2,27,400 units valued at approximately INR 2,79,309 crore were sold from April to September 2024. This is an 18% rise in total sales value compared to INR 2,35,800 crore during the same period in FY2024, despite a 3% drop in overall unit sales, highlighting a strong demand for luxury homes.”The National Capital Region (NCR) led in growth, recording a 56% increase in average ticket size to over Rs 1.45 crore in H1 FY2025, up from Rs 93 lakh in H1 FY2024. Despite a slight 1% drop in the number of units sold, the total sales value surged 55% to Rs 46,611 crore.ET OnlineThe Mumbai Metropolitan Region (MMR) maintained its position as the leader in total sales value, achieving Rs 1,14,529 crore in H1 FY2025. Though average ticket sizes remained unchanged at Rs 1.47 crore, unit sales increased marginally to 77,735.Bengaluru reported the second-highest growth in average ticket size, increasing 44% from Rs 84 lakh to Rs 1.21 crore. The city saw stable unit sales, while the total sales value grew to Rs 37,863 crore.Hyderabad’s average ticket size rose by 37% to Rs 1.15 crore, even with a 7% decline in unit sales. The city’s total sales value reached Rs 31,993 crore.Chennai experienced a 31% increase in the average ticket size to Rs 95 lakh. Although unit sales dropped to 9,531, the total sales value climbed to Rs 9,015 crore.Pune’s average ticket size rose 29% to Rs 85 lakh, with 40,190 units sold, totaling Rs 34,033 crore. In comparison, H1 FY2024 recorded Rs 28,590 crore for 43,560 units.Kolkata saw a 16% increase in its average ticket size to Rs 61 lakh, though both unit sales and total sales value fell, with Rs 5,265 crore recorded in H1 FY2025, down from Rs 5,851 crore in H1 FY2024.The data underscored a significant shift towards high-value real estate, as post-pandemic consumer preferences continue to evolve.Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.



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