Summary:

In Q4 2024, average home prices in India's top eight cities increased by 10% year-on-year, with Delhi NCR recording the largest rise at 31%, followed by Bengaluru at 23%. This marks the 16th consecutive quarter of price increases since 2021. Strong demand for luxury housing and infrastructure improvements in cities such as Delhi NCR, Bengaluru, Ahmedabad, and Pune are driving long-term growth, particularly in premium housing markets.

Unsold inventory declined for the fourth consecutive quarter, falling 5% year-on-year, with total unsold units dropping below 10 lakh for the first time in two years. Pune saw the largest decline at 14%, followed by Hyderabad at 13%. MMR's inventory has decreased to 3.9 lakh units. Increased demand for larger homes resulted in a 34% YoY price rise for 3-4BHK flats, with a shift toward more affordable housing expected.

Source: IBEF

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