Average Home Prices In Top 7 Cities Hit Rs 1.23 Crore, Anarock Data Reveals

Average ticket size of homes sold in the top seven cities in India touched Rs 1.23 crore in the first half of the 2024-25 fiscal year (FY25), in comparison to Rs 1 crore in the same period a year earlier. This surge was attributed to record new launches and sales of costlier homes post the Covid-19 pandemic, data from real estate consultancy firm Anarock revealed.The data showed that average ticket size climbed to Rs 1.21 crore in Bengaluru in H1FY25, in comparison to Rs 0.84 crore clocked in the first half of the preceding 2023-24 fiscal year (FY24), reported Business Standard. The same in Hyderabad climbed to Rs 1.15 crore in the period under review, while Chennai logged an average ticket size of Rs 0.95 crore in H1FY25.The residential market in Pune saw an increase in average ticket size from Rs 0.66 crore in H1FY24 to Rs 0.85 crore in the period under review, while Kolkata clocked the figure at Rs 0.61 crore in H1FY25.Also Read : Zara Owner Inditex Enhances Fast Fashion Flights From India To Reduce Shipping DelaysThe ticket size rose sharply in NCR from Rs 0.93 crore in H1FY24 to Rs 1.45 crore in H1FY25, while in the Mumbai Metropolitan Region (MMR), the same remained constant at Rs 1.47 crore in H1FY24 and H1FY25.Anuj Puri, Chairman, Anarock Group, said, “Over 2,27,400 units worth approximately Rs 2,79,309 crore were sold across the top 7 cities between April and September 2024. Contrastingly, the corresponding period of FY2024 saw approximately 2,35,200 units worth Rs 2,35,800 crore sold. 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.”A deeper look at the data showed that NCR recorded the highest average ticket size growth at 56 per cent from Rs 93 lakh recorded in H1FY24 to more than Rs 1.45 crore in H1FY25.Also Read : Global Companies Shifting Production Out Of China, India Emerges As Top Destination: Survey