Bengaluru's Primary Residential Property Market Sees 13% Appreciation in Q4 FY 2024-25
The National Housing Bank's latest residential housing price index (NHB RESIDEX) reports a significant increase in property prices across 48 cities, with Bengaluru leading the way with a 13.1% annual appreciation.
BengaluruProperty PricesNhb ResidexReal EstateHousing MarketReal Estate NewsMay 23, 2025
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.
Frequently Asked Questions
What is the NHB RESIDEX?
NHB RESIDEX, or the National Housing Bank Residential Housing Price Index, is a comprehensive index that tracks changes in residential property prices across major cities in India. It is based on valuation prices of properties collected from banks and housing finance companies.
Which city saw the highest annual increase in property prices?
Bengaluru saw the highest annual increase in property prices with a 13.1% appreciation during Q4 FY 2024-25.
How many cities registered a decline in property prices?
Out of the 50 cities covered, 2 cities (Howrah & Thiruvananthapuram) registered a decline in property prices.
What was the highest sequential increase in the HPI @ Assessment Price?
Navi Mumbai recorded the highest sequential increase of 17.3% in the HPI @ Assessment Price.
Why is Bengaluru's property market performing well?
Bengaluru's property market is performing well due to strong economic and demographic drivers, including a growing IT sector, increasing employment opportunities, and a young population, making it an attractive investment destination.
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