CREDAI-MCHI, study reveals significant growth in average ticket sizes and total sales values across India’s top seven metropolitan cities during H1 FY2025 (April-September 2024).
The data highlights a remarkable 18% increase in total sales value, which surged to Rs 279,309 crore, compared to Rs 235,800 crore in the same period of FY2024. Despite a modest 3% decline in total units sold, the average price of homes rose sharply to Rs 1.23 crore in H1 FY2025, compared to Rs 1 crore in H1 FY2024, underscoring the growing preference for premium homes.
Speaking on the findings, Keval Valambhia, Chief Operating Officer, CREDAI-MCHI, stated, "The growth trajectory of India’s luxury housing market is a testament to its resilience and adaptability. Buyers are increasingly gravitating towards premium properties that offer enhanced lifestyle experiences and robust investment value. At CREDAI-MCHI, we remain committed to fostering an environment that supports this growth, ensuring a balance between innovation, quality, and sustainability in urban real estate development."
The total sales value across the top seven cities surged by 18%, reaching Rs 279,309 crore in H1 FY2025, reflecting increased demand for luxury housing. The average ticket size rose to Rs 1.23 crore, marking a significant jump from Rs 1 crore in H1 FY2024.
In city-wise performance, NCR emerged as a leader, with the average ticket size growing by an impressive 56% to Rs 1.45 crore and sales value rising by 55% to Rs 46,611 crore. MMR demonstrated its consistency, with an average ticket size stable at Rs 1.47 crore and sales value increasing by 2% to Rs 114,529 crore. Bengaluru showcased robust growth, with the average ticket size rising by 44% to Rs 1.21 crore and sales value increasing by 44% to Rs 37,863 crore.
Hyderabad followed suit, with its average ticket size growing by 37% to Rs 1.15 crore and sales value increasing by 28% to Rs 31,993 crore. Chennai saw a 31% increase in the average ticket size to Rs 95 lakh, with sales value rising by 20% to Rs 9,015 crore. Pune’s market reflected strong growth in the affordable luxury segment, as its average ticket size rose by 29% to Rs 85 lakh and sales value jumped by 19% to Rs 34,033 crore. Kolkata experienced moderate growth, with the average ticket size increasing by 16% to Rs 61 lakh.
Across the board, buyers are prioritizing larger, well-equipped homes in prime locations, signalling a shift towards premium living. The consistent rise in sales value across cities underscores resilient demand for high-end properties, even in regions where unit sales saw a modest decline. Cities like NCR and Bengaluru stood out with significant growth in high-value property transactions, reflecting their appeal among affluent buyers.
With rising disposable incomes and a growing inclination towards premium housing, the luxury real estate segment is poised for sustained growth. Developers are urged to innovate, focusing on sustainability, world-class amenities, and design excellence to meet the evolving needs of buyers.
