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The luxury housing market in India has surged, with average home ticket sizes across top cities rising by 23% to INR 1.23 crore in H1 FY25, per Anarock data. While unit sales dipped by 3% to 2,27,400, the total sales value jumped 18% to INR 2,79,309 crore. NCR led the growth with a 56% increase in ticket size to INR 1.45 crore, despite a slight drop in units sold. Bengaluru and Hyderabad also saw ticket sizes rise by 44% and 37%, respectively. This highlights strong demand for high-end properties, driven by affluent buyers and the sector's resilience post-pandemic, signalling continued growth in luxury real estate.
The demand for luxury homes has surged since the pandemic, leading to record launches and sales of high-end properties across the top seven cities. Data from Anarock shows that the average ticket size of homes sold in these cities rose by 23 per cent, reaching INR 1.23 crore in the first half of FY25, compared to INR 1 crore in the same period of FY24. Advertisement
According to Anuj Puri, Chairman of Anarock Group, over 2,27,400 units worth INR 2,79,309 crore were sold between April and September 2024. This is compared to the 2,35,200 units worth INR 2,35,800 crore sold during the same period in FY24. Despite a slight 3 per cent dip in the number of units sold, the total sales value surged by 18 per cent, highlighting the strong demand for luxury properties.
A closer look reveals that the National Capital Region (NCR) experienced the most significant growth in average ticket size, which increased by 56 per cent-from approximately INR 93 lakh in H1 FY24 to over INR 1.45 crore in H1 FY25. In H1 FY24, 32,315 units valued at INR 30,154 crore were sold in the region. In comparison, 32,120 units worth INR 46,611 crore were sold during the first half of FY25, marking a 55 per cent rise in the value of sales, despite a 1 per cent decrease in the total number of units sold.
In Mumbai Metropolitan Region (MMR), the average ticket size remained unchanged, standing at INR 1.47 crore. The number of units sold in MMR increased slightly, with 77,735 units sold in the first half of FY25, compared to 76,410 units sold in H1 FY24. The total sales value, however, grew from INR 1,12,356 crore in H1 FY24 to INR 1,14,529 crore in FY25.
Bengaluru saw a 44 per cent jump in average ticket size, rising from INR 84 lakh in H1 FY24 to INR 1.21 crore in FY25. The city sold 31,440 units valued at INR 26,274 crore in H1 FY24, while nearly the same number of units-31,381-were sold in FY25, but their total value increased to INR 37,863 crore.
In Hyderabad, the average ticket size of homes sold increased by 37 per cent, from INR 84 lakh in H1 FY24 to INR 1.15 crore in FY25. The number of units sold in the city fell slightly, with 27,820 units worth INR 31,993 crore sold in FY25 compared to 29,940 units valued at INR 25,059 crore in the previous year.
In conclusion, the luxury real estate sector is witnessing a robust recovery, with significant demand and an upward trend in the average ticket size of homes sold across major Indian cities. Despite fewer units being sold, the value of transactions has surged, reflecting the growing affluence of buyers and the sector's resilience. This trend suggests continued growth for premium housing in the coming years.
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