Housing prices in India have seen a dramatic surge over the past year, with Delhi NCR leading the pack with a steep 31% year-on-year (YoY) increase, according to recent market data. The average price in the region now stands at ₹11,993 per square foot, signaling strong demand and growing investor interest.
Bengaluru follows closely behind with a 23% YoY jump, pushing the city’s average housing cost to ₹12,238 per square foot — the highest among all major metros in the country.
Other notable increases were recorded in:
- Ahmedabad, with a 15% rise to ₹7,725/sq ft
- Pune, seeing a 9% increase to ₹9,982/sq ft
- Chennai, with a moderate 6% growth to ₹8,141/sq ft
Meanwhile, Mumbai, India’s financial capital, saw a relatively modest 3% growth in property prices. However, it continues to remain the most expensive market at ₹20,725 per square foot on average.
Hyderabad and Kolkata experienced minimal growth of 2% and 1%, respectively, with housing prices at ₹11,351/sq ft and ₹7,971/sq ft.
Experts attribute the price hike to a combination of factors including rapid urban development, increased demand for housing post-pandemic, infrastructure upgrades, and changing buyer preferences. Delhi NCR’s dramatic rise is being fueled by emerging micro-markets, better connectivity, and robust economic activity.
As the market continues to evolve, prospective buyers are advised to make informed decisions while keeping an eye on regional growth patterns and future infrastructure projects.
