Residential Property Prices Surge 7.5% in 48 Indian Cities During Q4 FY25
The National Housing Bank (NHB) RESIDEX data reveals a significant rise in residential property prices across 48 cities in India during the January–March quarter of FY25. All major metros, including Bengaluru, Kolkata, and Chennai, saw notable increases.
Nhb ResidexProperty Prices IndiaNational Housing BankBengaluruKolkataReal Estate PuneMay 24, 2025
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.
Frequently Asked Questions
What is NHB RESIDEX?
NHB RESIDEX is the residential housing price index released by the National Housing Bank (NHB) in India. It tracks the changes in residential property prices across various cities and provides valuable insights into the real estate market.
Which cities saw the highest increase in property prices?
Navi Mumbai recorded the highest annual increase in property prices at 45.8%, making it the fastest-growing city in terms of residential price appreciation during Q4 FY25.
How did the major metros perform in terms of property price increases?
Among the major metros, Bengaluru led with a 13.1% year-on-year growth in residential prices, followed by Kolkata at 9.6% and Chennai at 9.0%.
What was the overall performance of the 50-city composite housing price index?
The 50-city composite housing price index registered a year-on-year increase of 7.5% during Q4 FY25, up from 5.1% recorded in the same quarter last year.
Which cities saw a decline in property prices?
Howrah and Thiruvananthapuram were the only two cities to witness a decline in prices, with Howrah seeing a 3.5% drop during Q4 FY25.
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