real estate news

Bengaluru's Primary Residential Property Market Sees 13% Appreciation in Q4 FY 2024-25

By GeoSquare News Desk · Published 2025-05-23

The latest residential housing price index (NHB RESIDEX) released by the National Housing Bank reports an increase in property prices across 48 cities during Q4 FY 2024-25.

The 50-city HPI based on valuation prices of properties collected from banks and housing finance companies (HPI @ Assessment Prices) recorded an annual increase (Y-o-Y) of 7.5% during the 4th quarter of the fiscal 2025, as compared to 5.1% a year ago. India’s eight key primary residential markets witnessed appreciating property prices during the period January-March 2025.

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 increases 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 Prices varied widely across the cities – ranging from an increase of 45.8% (Navi Mumbai) to a decline of 3.5% (Howrah).

Out of the 50 cities covered, 2 cities (Howrah & 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 sequential increases in 43 cities out of 50, with Navi Mumbai recording the highest sequential increase of 17.3%, followed by Bhubaneswar (8.5%), Gurugram (7.5%), and Noida (7.0%), while Raipur recorded the maximum sequential decrease of 2.6% in the HPI @ Assessment Price.

This data underscores the robust growth in the Indian real estate market, particularly in major metropolitan areas. Bengaluru's significant 13.1% annual appreciation highlights the city's strong economic and demographic drivers, making it an attractive investment destination for both domestic and international investors. The consistent performance of the 50-city index on a sequential basis further indicates a stable and growing market, despite regional variations.