In the wake of increasing demand for luxury residences following the pandemic, the latest ANAROCK data reveals unprecedented new launches and sales of high-end properties in the top seven cities. During the first half of fiscal year 2025, the average price of homes sold in these urban areas reached Rs 1.23 crore, compared to Rs 1 crore in the same timeframe of fiscal year 2024.
Anuj Puri, Chairman of ANAROCK Group, remarked on the situation, stating that “Between April and September 2024, over 227,400 units valued at approximately Rs 279,309 crore were sold across the seven major cities. In comparison, the same timeframe in FY2024 recorded around 235,200 units sold, amounting to Rs 235,800 crore. Although there was a 3% decline in the total number of units sold, the overall sales value increased by 18% compared to the previous year, highlighting the persistent demand for luxury residences.”
A deep-dive reveals that at 56%, NCR saw the highest average ticket size growth – from approx. Rs 93 lakh in H1 FY2024 to over Rs 1.45 cr in H1 FY2025. Approx. 32,315 units worth Rs 30,154 cr were sold in the region in H1 FY2024; in H1 FY2025, approx. 32,120 units worth Rs 46,611 cr were sold. While the value of sold inventory increased by 55% in this period, the total number of units sold declined by 1%.
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“MMR saw no change in average ticket size in this period,” said Puri. “In H1 FY 2024, the average ticket size of sold units was Rs 1.47 cr. The region saw approx. 76,410 units worth Rs 1,12,356 cr sold in H1 FY 2024, while H1 FY 2025 saw approx. 77,735 units worth approx. Rs 1,14,529 cr sold.”
City-wise Breakdown
* At 44%, Bengaluru witnessed the second highest jump in average ticket size among the top 7 cities – it rose from Rs 84 lakh in H1 FY2024 to Rs 1.21 cr in H1 FY 2025. Approx. 31,440 units worth Rs 26,274 cr were sold in the city in H1 FY 2024. H1 FY 2025 saw nearly same number of units (31,381) sold, but their total value was higher at Rs 37,863 cr.
* In Hyderabad, H1 FY 2024 saw the average ticket size of sold units at Rs 84 lakh – this increased by 37% to Rs 1.15 cr in H1 FY 2025.
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