New Delhi ,nov 26
CREDAI-MCHI, the apex body of real estate developers, has unveiled its latest research analysis, spotlighting a transformative shift in India’s urban housing markets towards luxury and premium properties. The study reveals significant growth in average ticket sizes and total sales values across India’s top seven metropolitan cities during H1 FY2025 (April-September 2024).
The data highlights a remarkable 18% increase in total sales value, which surged to Rs279,309 crore, compared to Rs235,800 crore in the same period of FY2024. Despite a modest 3% decline in total units sold, the average price of homes rose sharply to Rs1.23 crore in H1 FY2025, compared to Rs1 crore in H1 FY2024, underscoring the growing preference for premium homes.
Speaking on the findings, Keval Valambhia, Chief Operating Officer, CREDAI-MCHI, stated, “The growth trajectory of India’s luxury housing market is a testament to its resilience and adaptability. Buyers are increasingly gravitating towards premium properties that offer enhanced lifestyle experiences and robust investment value. At CREDAI-MCHI, we remain committed to fostering an environment that supports this growth, ensuring a balance between innovation, quality, and sustainability in urban real estate development.”Key Highlights from the Report.The total sales value across the top seven cities surged by 18%, reaching Rs279,309 crore in H1 FY2025, reflecting increased demand for luxury housing. The average ticket size rose to Rs1.23 crore, marking a significant jump from Rs1 crore in H1 FY2024.In city-wise performance, NCR emerged as a leader, with the average ticket size growing by an impressive 56% to Rs1.45 crore and sales value rising by 55% to Rs46,611 crore. MMR demonstrated its consistency, with an average ticket size stable at Rs1.47 crore and sales value increasing by 2% to Rs114,529 crore. Bengaluru showcased robust growth, with the average ticket size rising by 44% to Rs1.21 crore and sales value increasing by 44% to Rs37,863 crore. Hyderabad followed suit, with its average ticket size growing by 37% to Rs1.15 crore and sales value increasing by 28% to Rs31,993 crore.
