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

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

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.

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.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?