Residential Property Prices Surge 7.5% in 48 Indian Cities During Q4 FY25

NEW DELHI: Property prices appreciated across 48 cities in India in the January–March quarter of the financial year 2024–25, according to the latest NHB RESIDEX data released by the National Housing Bank (NHB).

All eight major metros — Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune — recorded annual increases in residential property prices during the quarter, according to the latest residential housing price index.

The 50-city composite housing price index based on valuation prices collected from banks and housing finance companies registered a year-on-year increase of 7.5% during Q4 FY25, up from 5.1% recorded in the same quarter last year. On a sequential basis, the index expanded by 1.9%, continuing the rising trend it has maintained quarter-on-quarter since September 2021.

Among the metro cities, Bengaluru led with a 13.1% year-on-year growth in residential prices, followed by Kolkata at 9.6% and Chennai at 9.0%. Pune and Ahmedabad recorded annual increases of 6.8% and 6.1%, respectively, while Mumbai registered a 5.9% rise. Hyderabad saw prices climb by 4.8%, and Delhi reported a relatively moderate increase of 2.9% over the same period.

The index also highlighted wide variation in price movements across the 50 cities. Navi Mumbai recorded the highest annual increase at 45.8%, making it the fastest-growing city in terms of residential price appreciation. On the other hand, Howrah and Thiruvananthapuram were the only two cities to witness a decline in prices, with Howrah seeing a 3.5% drop.