Amid escalating demand for luxury homes after the pandemic, there have been record new launches and sales of costlier homes across the top 7 cities. The average ticket size of homes sold in these cities was ₹1.23 crore in H1 FY 2025, against ₹1 crore in the corresponding period of FY 2024, according to the latest data shared by market intelligence firm ANAROCK.
Over 2,27,400 units worth around ₹2,79,309 crore were sold across the top 7 cities between April and September 2024. Contrastingly, the corresponding period of FY2024 saw around 2,35,200 units worth ₹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," says Anuj Puri, chairman, ANAROCK Group.
The data shows that at 56%, NCR saw the highest average ticket size growth – from around ₹93 lakh in H1 FY2024 to over ₹1.45 crore in H1 FY2025. Around 32,315 units worth ₹30,154 crore were sold in the region in H1 FY2024; in H1 FY2025, around 32,120 units worth ₹46,611 crore were sold. While the value of sold inventory increased by 55% in this period, the total number of units sold declined by 1%.
“MMR saw no change in average ticket size in this period,” says Puri. “In H1 FY 2024, the average ticket size of sold units was ₹1.47 Cr. The region saw approx. 76,410 units worth ₹1,12,356 crore sold in H1 FY 2024, while H1 FY 2025 saw approx. 77,735 units worth ₹1,14,529 Cr sold.”
At 44%, Bengaluru saw the second-highest jump in average ticket size among the top 7 cities. It rose from ₹84 lakhs in H1 FY2024 to ₹1.21 crore in H1 FY 2025. Around 31,440 units worth ₹26,274 crore were sold in the city in H1 FY 2024. H1 FY2025 saw nearly the same number of units (31,381) sold, but their total value was higher at ₹37,863 crore. In Hyderabad, H1 FY2024 saw the average ticket size of sold units at ₹84 lakh, which increased by 37% to ₹1.15 crore in H1 FY 2025.
Chennai saw a 31% jump in average ticket size from ₹72 lakh in H1 FY2024 to ₹95 lakh in H1 FY 2025. Around 10,435 units worth ₹7,516 crore were sold in the city in H1 FY 2024, while in H1 FY 2025, around 9,531 units were sold -- but their total sales value was higher at ₹9,015 crore. In Pune, the average ticket size in H1 FY 2024 was ₹66 lakh as prices increased by 29% to ₹85 lakh in H1 FY 2025. Around 43,560 units worth ₹28,590 crore were sold in the city in H1 FY 2024, while H1 FY 2025 saw around 40,190 units worth around ₹34,033 crore sold. Kolkata witnessed a 16% jump in average ticket size as it rose from ₹53 lakh in H1 FY2024 to ₹61 lakh in H1 FY 2025.
Why home prices are going up?
Steep land prices and inflationary construction costs in the last few years are among the many factors driving a shift in this trend, say experts. Moreover, buyers continue to look for bigger homes across cities and developers are thus launching homes based on current demand, which ultimately comes in the premium or the luxury segment.
"In cities like NCR, luxury supply by branded and leading developers had been minimal, both before and during the pandemic. Now, with demand escalating, developers are launching projects in the luxury category and can sell their product within a very short span of their launch. This encourages them to launch more such projects, which sell despite the higher costs," says an analysis by ANAROCK.
Post-pandemic, India’s real estate market has shown renewed vigour, with average value of homes rising 10-20% in key cities. “Rising demand has pushed up property prices in both primary and secondary markets, attracting investors,” says Kanika Gupta Shori, founder and COO, Square Yard, a real estate marketplace, had earlier told Fortune India.
