Gurgaon to Mumbai: Multistorey Property Prices Soar, 4BHK Supply Surges
The Indian multistorey residential market has seen a significant boom, with average apartment prices surging 87% between 2021 and 2025, outpacing the 15% increase in average apartment sizes.
Real EstateMultistoreyProperty PricesHousing MarketSupply IncreaseReal Estate NewsSep 23, 2025
This significant appreciation reflects robust investor confidence and a clear shift in consumer preferences toward larger, lifestyle-oriented homes. While the average covered area of apartments has grown by just 15% during this period, this value appreciation has far outpaced size growth, signaling a fundamental change in market dynamics, said Magicbricks in a note.
The growth has been particularly strong in key urban centers. Delhi-NCR has emerged as a key growth engine, with Gurgaon and Greater Noida seeing the steepest price increases at 166% and 163%, respectively, fueled by a substantial influx of new multistorey supply.
Mumbai continues to be India's most expensive multistorey market with a 107% price increase, dominated by high-end penthouses and premium high-rises. Other tech hubs like Bengaluru (+105%), Hyderabad (+90%), and Pune (+92%) have also recorded strong price appreciation, underscoring sustained demand from the thriving IT and startup sectors.
In response to these market shifts, developers are strategically expanding supply across India's residential corridors, particularly within the premium segment. This is evident in the substantial increase in new supply for larger configurations, with 3BHKs seeing a 31% increase, 4BHKs by 90%, and 5BHKs by a massive 95%. This new supply, combined with the price-led growth, is reshaping the Indian housing market. The multistorey segment is now scaling new highs in both value and volume across the country, confirming a robust and dynamic real estate landscape.
Magicbricks, a leading real estate platform in India, provides comprehensive data and insights into the Indian real estate market. The company's extensive research and analysis help stakeholders make informed decisions, driving the growth and development of the sector.
Frequently Asked Questions
What is the average increase in apartment prices in India between 2021 and 2025?
The average apartment prices in India have surged by 87% between 2021 and 2025, according to data from Magicbricks.
Which cities have seen the steepest price increases in multistorey properties?
Gurgaon and Greater Noida have seen the steepest price increases at 166% and 163%, respectively, fueled by a substantial influx of new multistorey supply.
How has the size of apartments changed during this period?
The average covered area of apartments has grown by just 15% during this period, while the value appreciation has far outpaced size growth.
What is driving the increase in supply for larger configurations like 4BHKs and 5BHKs?
The increase in supply for larger configurations is driven by a shift in consumer preferences toward larger, lifestyle-oriented homes and sustained demand from the thriving IT and startup sectors.
What role does Magicbricks play in the Indian real estate market?
Magicbricks is a leading real estate platform in India that provides comprehensive data and insights into the real estate market, helping stakeholders make informed decisions and driving the growth and development of the sector.
Related News Articles
Real Estate Market Sees Gains Amid Positive Trend
Real Estate stocks rise as S&P BSE Realty Index gains 0.96% at 8117.27
Makers of 'Burj Khalifa' Enter Mumbai with Ultra-Luxury Villa Project
The real estate market in Maharashtra is set to witness a significant transformation with the launch of 'The Casa Venero,' an ultra-luxury villa project by the makers of the world-renowned Burj Khalifa.
Kanakapura Road: Bangalore's Emerging Eco-Friendly Real Estate Hub
Kanakapura Road in Bangalore is rapidly transforming into a sought-after real estate hotspot, with many residential projects emphasizing eco-friendly living. Green initiatives, landscaped gardens, and proximity to nature are key features attracting homebu
Maharashtra: Real Estate Sectors Anticipates Revolutionary Changes with New Government
The real estate sector in Maharashtra is buzzing with optimism as the newly formed government is expected to introduce transformative policies that could unlock significant growth and development in the industry.
Wakad and Wagholi in Pune Witness Significant Real Estate Price Growth
Pune's real estate market has seen impressive growth, with Wakad and Wagholi leading the way. Wakad, a prime area, recorded a 27% price increase, while the peripheral area of Wagholi saw a staggering 37% growth.
Hiranandani Group Makes Strategic Entry into Pune's Real Estate Market with Landmark Deal
The Hiranandani Group, one of India's leading real estate developers, has officially entered the vibrant real estate market of Pune by partnering with Krisala Developers on a significant 105-acre project.