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During January-March 2025, housing prices in MMR, Delhi-NCR, Chennai, and Pune remained stable compared to the previous quarter, according to PropTiger. In contrast, Bengaluru and Hyderabad saw a 5% price rise, while Ahmedabad and Kolkata recorded 4% increases. Despite continued year-on-year growth, the pace has slowed, signaling a more balanced market. PropTiger CEO Dhruv Agarwala noted that this stability may encourage end-users while maintaining investor interest. Average prices per sq ft stood at INR 12,600 in MMR, INR 8,106 in Delhi-NCR, INR 7,173 in Chennai, and INR 7,109 in Pune. As 2025 nears, the market is expected to consolidate, supported by strong structural fundamentals.
During the January-March period, average housing prices in the Mumbai Metropolitan Region (MMR), Delhi-NCR, Chennai, and Pune remained steady compared to the preceding quarter, as stated by PropTiger, a real estate brokerage firm under REA India, which also owns Housing.com. Advertisement
The firm's data revealed that while these markets saw no significant price changes, Bengaluru and Hyderabad witnessed a 5 per cent price increase, and Ahmedabad and Kolkata each registered a 4 per cent appreciation. The consultant observed that residential property prices have continued to rise on a year-on-year basis, though the rate of growth has noticeably moderated in recent quarters.
Dhruv Agarwala, Group CEO of Housing.com and PropTiger.com, noted that the stabilisation in price growth observed over the past few quarters signals a shift towards a more balanced market, potentially attracting end-users previously deterred by speculative price hikes. He further indicated that this tempered growth trajectory is vital for sustaining end-user engagement while preserving investor and developer value. Looking ahead to 2025, Agarwala projected further market consolidation, underpinned by structural fundamentals that could support steady, sustainable growth.
According to the data, the average price per square foot in MMR, Delhi-NCR, Chennai, and Pune remained unchanged at INR 12,600, INR 8,106, INR 7,173, and INR 7,109, respectively. Ahmedabad saw its average price increase to INR 4,568 per square foot from INR 4,402, while Bengaluru's rates rose to INR 7,881 per square foot from INR 7,536.
In Hyderabad, the average housing price appreciated to INR 7,412 per square foot from INR 7,053, and Kolkata experienced a rise to INR 5,839 from INR 5,633 per square foot.
As 2025 approaches, market consolidation is anticipated, with structural fundamentals expected to drive steady yet sustainable price growth. The recent data from PropTiger underscores a dynamic where regional variations in price changes reflect both market maturity and emerging investor sentiment.
Source - PTI
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