Bengaluru's Primary Residential Property Market Sees 13% Appreciation in Q4
The National Housing Bank's latest residential housing price index (NHB RESIDEX) reveals a 13% increase in property prices in Bengaluru during the fourth quarter of the fiscal year 2024-25. This trend is part of a broader increase across 48 cities, with some cities like Navi Mumbai seeing a significant 45.8% rise.
Real EstateProperty PricesBengaluruNhb ResidexHousing MarketReal Estate MumbaiMay 23, 2025
The 50-city HPI based on assessment prices recorded an annual increase (Y-o-Y) of 7.5% during the 4th quarter of the fiscal year 2025, compared to a 5.1% increase a year ago. India’s eight key primary residential markets witnessed appreciating property prices during the period January-March 2025.
Cities like Ahmedabad (6.1%), Bengaluru (13.1%), Chennai (9.0%), Delhi (2.9%), Hyderabad (4.8%), Kolkata (9.6%), Mumbai (5.9%), and Pune (6.8%) recorded an increase in the index on an annual basis, as per the Housing Price Index published by the National Housing Bank. The annual change in HPI @ Assessment Price varied widely across cities, ranging from an increase of 45.8% in Navi Mumbai to a decline of 3.5% in Howrah.
Out of the 50 cities covered, 2 cities (Howrah and Thiruvananthapuram) registered a decline in property prices. On a sequential (Q-o-Q) basis, the 50-city index registered an expansion of 1.9% in January-March 2025. The index has shown an increasing trend on a Q-o-Q basis since September 2021. The index recorded a sequential increase in 43 cities out of 50, with Navi Mumbai recording the highest sequential increase of 17.3%, followed by Bhubaneshwar (8.5%), Gurugram (7.5%), and Noida (7.0%). Raipur recorded the maximum sequential decrease of 2.6% in the HPI @ Assessment Price.
This data reflects the dynamic nature of the real estate market in India, with varying trends across different regions. Cities like Bengaluru and Navi Mumbai are particularly notable for their strong performance, indicating robust demand and economic growth in these areas.
Frequently Asked Questions
What is the NHB RESIDEX?
The NHB RESIDEX is the National Housing Bank's Residential Housing Price Index, which tracks the changes in property prices across various cities in India based on valuation prices of properties collected from banks and housing finance companies.
Which city saw the highest increase in property prices?
Navi Mumbai recorded the highest increase in property prices, with a 45.8% rise in the HPI @ Assessment Price.
How did Bengaluru perform in the latest index?
Bengaluru saw a 13.1% increase in property prices on an annual basis, making it one of the top-performing cities in the latest NHB RESIDEX report.
What is the significance of the sequential increase in the 50-city index?
The sequential increase in the 50-city index indicates a consistent growth trend in property prices across most cities, reflecting ongoing demand and economic activity in the real estate market.
Which cities saw a decline in property prices?
Howrah and Thiruvananthapuram were the only two cities that registered a decline in property prices, with Howrah seeing a decrease of 3.5%.
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