NCR leads with 56% surge in average ticket size of homes in H1 FY2025, highlights ANAROCK report
Nov 20, 2024, 14:06 IST
The National Capital Region (NCR) leads the country in terms of residential real estate growth, registering an impressive 56% rise in the average ticket size of homes sold, according to the latest ANAROCK report. In HIFY24, the average ticket of homes sold across the top 7 cities in the country stood at Rs 1 crore, which slightly inched up to Rs 1.23 crore in the first half of this financial year.
The shift towards luxury real estate is evident, with a jump in the average ticket size from Rs 93 lakh in the first half of FY24 to Rs 1.45 crore in the first half of FY25. In the first half of this financial year, around 32,120 units worth Rs 46,611 crore were sold, as compared to 32,315 units worth Rs 30,154 crore that were sold in the first half of FY2024.
Despite a 1% dip in the total number of units sold, the overall value of the sold inventory surged by a massive 55%. Across India's top seven cities, the real estate market witnessed sales of approximately 2,27,400 units worth Rs 2,79,309 crore during FY2025. This marked a slight 3% decline in unit sales compared to 2,35,200 units worth Rs 2,35,800 crore in H1 FY2024.
The Mumbai Metropolitan Region (MMR) retained its leadership in overall sales value but saw no change in its average ticket size, which remained steady at Rs 1.47 crore. MMR registered a marginal increase in unit sales to 77,735 in H1 FY2025, with a total sales value of Rs 1,14,529 crore, up from Rs 1,12,356 crore in H1 FY2024.
Bengaluru saw the second-highest growth in average ticket size among the top seven cities, rising 44% from Rs 84 lakh in FY2024 to Rs 1.21 crore in FY2025. The city recorded stable unit sales at 31,381, while the total value of these sales rose significantly to Rs 37,863 crore.
In Hyderabad, the average ticket size grew by 37%, reaching Rs 1.15 crore in H1 FY2025 from RS 84 lakh in H1 FY2024. Despite a 7% decline in unit sales to 27,820, the city's total sales value increased to Rs 31,993 crore.
Chennai also experienced significant growth in average ticket size, which rose by 31% to Rs 95 lakh in FY2025. While unit sales dropped to 9,531, the total value of these sales climbed to Rs 9,015 crore, highlighting the impact of the shift towards premium homes.
In Pune, the average ticket size increased by 29% to Rs 85 lakh. The city witnessed sales of 40,190 units worth Rs 34,033 crore in H1 FY2025, compared to Rs 28,590 crore for 43,560 units in H1 FY2024.
Kolkata also saw a relatively modest 16% increase in its average ticket size, which rose to Rs 61 lakh in H1 FY2025. However, both unit sales and sales value declined, with the city recording Rs 5,265 crore in H1 FY2025 compared to Rs 5,851 crore in H1 FY2024.
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The shift towards luxury real estate is evident, with a jump in the average ticket size from Rs 93 lakh in the first half of FY24 to Rs 1.45 crore in the first half of FY25. In the first half of this financial year, around 32,120 units worth Rs 46,611 crore were sold, as compared to 32,315 units worth Rs 30,154 crore that were sold in the first half of FY2024.
Despite a 1% dip in the total number of units sold, the overall value of the sold inventory surged by a massive 55%. Across India's top seven cities, the real estate market witnessed sales of approximately 2,27,400 units worth Rs 2,79,309 crore during FY2025. This marked a slight 3% decline in unit sales compared to 2,35,200 units worth Rs 2,35,800 crore in H1 FY2024.
The Mumbai Metropolitan Region (MMR) retained its leadership in overall sales value but saw no change in its average ticket size, which remained steady at Rs 1.47 crore. MMR registered a marginal increase in unit sales to 77,735 in H1 FY2025, with a total sales value of Rs 1,14,529 crore, up from Rs 1,12,356 crore in H1 FY2024.
Bengaluru saw the second-highest growth in average ticket size among the top seven cities, rising 44% from Rs 84 lakh in FY2024 to Rs 1.21 crore in FY2025. The city recorded stable unit sales at 31,381, while the total value of these sales rose significantly to Rs 37,863 crore.
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Chennai also experienced significant growth in average ticket size, which rose by 31% to Rs 95 lakh in FY2025. While unit sales dropped to 9,531, the total value of these sales climbed to Rs 9,015 crore, highlighting the impact of the shift towards premium homes.
In Pune, the average ticket size increased by 29% to Rs 85 lakh. The city witnessed sales of 40,190 units worth Rs 34,033 crore in H1 FY2025, compared to Rs 28,590 crore for 43,560 units in H1 FY2024.
Kolkata also saw a relatively modest 16% increase in its average ticket size, which rose to Rs 61 lakh in H1 FY2025. However, both unit sales and sales value declined, with the city recording Rs 5,265 crore in H1 FY2025 compared to Rs 5,851 crore in H1 FY2024.