‘Common dwelling worth surges 9% in high 9 cities’

The weighted common launch worth of properties in India’s high 9 cities rose by 9% in FY2024-25 to ₹13,197 per sq. ft as in contrast with ₹12,569 per sq. ft. in FY2023-24, in accordance with a research by knowledge analytics agency PropEquity.

These cities embody Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Navi Mumbai, Thane and Pune.

As per the research within the final one yr, whereas housing costs rose probably the most in Kolkata by 29%, adopted by Thane (17%), Bengaluru (15%), Pune (10%), Delhi-NCR (5%), Hyderabad (5%) and Chennai (4%), the costs fell by 3% every in Mumbai and Navi Mumbai.

, “Housing costs have appreciated between 10-30% in Bengaluru, Kolkata, Pune and Thane,” Samir Jasuja, founder and CEO, PropEquity, mentioned in an announcement.

“Whereas the demand and provide have been subdued previously one yr, the rise in enter price, together with land, labour and development materials, over the previous couple of years have led to firming up of housing costs,” he mentioned.

“The worth appreciation has been rising at a slower fee, although. Common housing costs grew by 12% in high 9 cities FY24,” he mentioned.

“Nonetheless, within the final two monetary years (FY23-25), housing costs have risen by 18% with Bengaluru recording the very best development at 44%, Kolkata (29%), Chennai (25%), Thane (23%), Delhi-NCR (20%), Pune (18%), Navi Mumbai (13%), Mumbai (11%) and Hyderabad (5%),” he added.

In line with PropEquity report, housing gross sales have declined 23% to 1,05,791 items, whereas provide dropped by 34% to 80,774 within the January-March quarter of 2025.