Summary:

In the first half of FY25, the average ticket size in India's real estate market increased significantly across the top seven cities. Demand for luxury residences drove the average ticket size to Rs. 1.23 crore (US$ 145,734), up from Rs. 1 crore (US$ 120,000) in FY24. Cities like Bengaluru and Hyderabad saw large growth of 44% and 37%, respectively. NCR saw the greatest gain at 56%, with the average ticket size increasing from Rs. 0.93 crore to Rs. 1.45 crore.

Despite a slight decrease in unit sales, the total value of residences sold in major cities increased by 18%, indicating robust demand for luxury properties. Kolkata had a more moderate 16% increase in average ticket size to Rs. 0.61 crore (US$ 73,000), although unit sales declined. Bengaluru and Hyderabad have emerged as major contributors to growth. In total, approximately 2,27,400 units worth Rs. 2.79 lakh crore (US$ 33.5 billion) were sold in the top seven cities in the first half of FY25, demonstrating the sector's resilience following the pandemic.

Source: IBEF

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