Average home prices in cities at Rs 123 Mn in H1 FY25: Report

22 Nov 2024 CW Team

The average ticket size of homes sold across seven cities is approximately Rs 123 million in H1 FY25. Anuj Puri, chairman, Anarock Group said, "Over 2,27,400 units worth approximately Rs 2793 billion were sold across the top seven cities between April and September 2024. Contrastingly, the corresponding period of FY2024 saw about 2,35,200 units worth Rs 2358 billion being 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."The data reveals that NCR saw the highest average ticket size growth – from approximately Rs 93 lakh in H1 FY24 to over Rs 145 million in H1 FY25. While the value of sold inventory increased by 55% in this period, the total number of units sold declined by 1%. Mumbai metropolitan region saw no change in average ticket size in this period,” says Puri. “In H1 FY24, the average ticket size of sold units was Rs 147 million. The region saw approx. 76,410 units worth Rs 1123.56 billion sold in H1 FY24, while H1 FY25 saw approx. 77,735 units worth approx. Rs 1145.29 billion sold.” At 44%, Bengaluru witnessed the second highest jump in average ticket size among the seven cities - it rose from Rs 84 lakh in H1 FY24 to Rs 1.21 crore in H1 FY25. Chennai saw a jump of 31% in average ticket size - from Rs 72 lakh in H1 FY24 to Rs 95 lakh in H1 FY25. In Pune, the average ticket size in H1 FY24 was Rs 66 lakh - it increased by 29% to Rs 85 lakh in H1 FY25. Kolkata witnessed a 16% jump in average ticket size - it rose from Rs 53 lakh in H1 FY24 to Rs 61 lakh in H1 FY25.

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