Key information about House Prices Growth

• India house prices grew 2.5% YoY in Jun 2025, following an increase of 5.1% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2011 to Jun 2025, with an average growth rate of 5.1%.
• House price data reached an all-time high of 30.6% in Mar 2011 and a record low of -11.4% in Sep 2020.

CEIC calculates House Prices Growth from quarterly House Price Index. National Housing Bank provides House Price Index with base 2017-2018=100. House Prices Growth covers Mumbai only. House Prices Growth prior to Q2 2014 is calculated from House Price Index with base 2007=100.

In 2023, Ahmedabad had the most affordable housing market of the eight biggest metropolitan areas in India with a proportion of ** percent of income to monthly instalment of a housing unit. In Mumbai the affordability index was at ** percent, the only city with higher than threshold affordability ratio set at ** percent. However, the affordability index has significantly improved from pre-pandemic times in 2019 for many cities including Mumbai, Bengaluru and NCR.

As of the first quarter of 2023, year-on-year real estate price increase was highest in Bengaluru and lowest in Chennai with **** and *** percent respectively. Followed by Bengaluru was Kochi and Delhi with an increase of **** and **** percent.

This statistic shows the average residential property prices in India in 2015, by location. In 2015, the average residential property price in Ulwe, Mumbai was ************ rupees per square foot. It was the highest in Madh-Marve in Mumbai during the measured time period.

In the first half of 2023, south-central Mumbai had the highest average real estate price rate of around **** thousand Indian rupees per square foot in the Mumbai metropolitan region. Peripheral central suburbs recorded the cheapest property rates.

Mumbai’s real estate market

India’s financial capital, Mumbai’s increasing population, rapid urbanization, and employment opportunities have contributed to skyrocketing property rates in the city. Its real estate market is the most expensive in India. Since the onset of the pandemic, the demand for larger units has been on the rise. In 2023, the realty market saw a surge, especially in luxury and high-end properties catering to the affluent of the city.

New metro connectivity with suburbs

As per realtors, the inauguration of new metro lines connecting the suburbs of Mumbai will provide enhanced connectivity, ease of traveling, and reduced travel time. As a result, a rise in homebuying sentiment in the city, especially in the western suburban areas is expected. The area is considered to be one of the most preferred home-buying destinations in Mumbai with Bollywood actors, non-resident Indians, and industrialists vying for properties.

In the second half of 2023, Mumbai remained India's most expensive city on the residential market with a square feet price of ***** Indian rupees per square feet. Among the eight biggest metropolitan areas of India Ahmedabad has the lowest square feet price at around ***** thousand Indian rupees.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

This is a dataset about apartment prices in India produced by web scraping from a popular Indian real estate website. It contains the price ranges and the average cost (per sqft) for all the cities. Feel free to go through the data and use it for whatever projects that you need it for.

India Housing Price Index: 2008-09Q4=100: Delhi data was reported at 259.200 2008-09Q4=100 in Mar 2013. This records an increase from the previous number of 247.800 2008-09Q4=100 for Dec 2012. India Housing Price Index: 2008-09Q4=100: Delhi data is updated quarterly, averaging 135.200 2008-09Q4=100 from Mar 2009 (Median) to Mar 2013, with 17 observations. The data reached an all-time high of 259.200 2008-09Q4=100 in Mar 2013 and a record low of 99.700 2008-09Q4=100 in Dec 2009. India Housing Price Index: 2008-09Q4=100: Delhi data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.EA001: Housing Price Index: Reserve Bank of India. Rebased from 2008-09Q4=100 to 2010-11Q1=100. Replacement series ID: 354942677

In 2025, India was the country with the highest increase in house prices since 2010 among the Asia-Pacific (APAC) countries under observation. In the second quarter of the year, the nominal house price index in India reached over 359 index points. This suggests an increase of 259 percent since 2010, the baseline year when the index value was set to 100. It is important to note that the nominal index does not account for the effects of inflation, meaning when adjusted for inflation, price growth in real terms was slower.

The India Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Residential and Commercial), by End-User (Individuals/Households, Corporates & SMEs and Others), and by City (Mumbai Metropolitan Region, Delhi NCR, Pune, Bengaluru, Hyderabad, Chennai, Kolkata, Ahmedabad, and the Rest of India). The Market Forecasts are Provided in Terms of Value (USD).

In the first half of 2024, central Bengaluru had the highest average price rate of **** thousand Indian rupees per square feet in the whole of city. South Bengaluru recorded the cheapest property rates.

In the first half of 2024, Bengaluru recorded the highest half-year growth in the Indian residential real estate market. On average, the residential market price growth was nearly *** percent across the country.

India Housing Price Index: 2008-09Q4=100: Bangalore data was reported at 148.300 2008-09Q4=100 in Mar 2013. This records an increase from the previous number of 147.900 2008-09Q4=100 for Dec 2012. India Housing Price Index: 2008-09Q4=100: Bangalore data is updated quarterly, averaging 113.600 2008-09Q4=100 from Mar 2009 (Median) to Mar 2013, with 17 observations. The data reached an all-time high of 148.300 2008-09Q4=100 in Mar 2013 and a record low of 98.500 2008-09Q4=100 in Mar 2010. India Housing Price Index: 2008-09Q4=100: Bangalore data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.EA001: Housing Price Index: Reserve Bank of India. Rebased from 2008-09Q4=100 to 2010-11Q1=100. Replacement series ID: 354942687

Housing Price Index: 2012-13=100: Haryana: Gurugram data was reported at 111.000 2012-2013=100 in Mar 2018. This records a decrease from the previous number of 114.000 2012-2013=100 for Dec 2017. Housing Price Index: 2012-13=100: Haryana: Gurugram data is updated quarterly, averaging 112.000 2012-2013=100 from Jun 2013 (Median) to Mar 2018, with 20 observations. The data reached an all-time high of 130.000 2012-2013=100 in Sep 2016 and a record low of 100.000 2012-2013=100 in Dec 2013. Housing Price Index: 2012-13=100: Haryana: Gurugram data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under Global Database’s India – Table IN.EA004: Housing Price Index: National Housing Bank: Assessment Price: 2012-2013=100: Current Quarter.

In the financial year 2023, the balance of property prices by annual income resulted in an affordability of *** for housing in India. The recent period has witnessed the best affordability in the last two decades.

Housing Price Index: 2012-13=100: Gujarat: Ahmedabad data was reported at 113.000 2012-2013=100 in Mar 2018. This records an increase from the previous number of 111.000 2012-2013=100 for Dec 2017. Housing Price Index: 2012-13=100: Gujarat: Ahmedabad data is updated quarterly, averaging 98.000 2012-2013=100 from Jun 2013 (Median) to Mar 2018, with 20 observations. The data reached an all-time high of 113.000 2012-2013=100 in Mar 2018 and a record low of 92.000 2012-2013=100 in Mar 2014. Housing Price Index: 2012-13=100: Gujarat: Ahmedabad data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under Global Database’s India – Table IN.EA004: Housing Price Index: National Housing Bank: Assessment Price: 2012-2013=100: Current Quarter.

In the first half of 2023, central Hyderabad had the highest average price rate of *** thousand Indian rupees per square feet in the whole of city. North Hyderabad recorded the cheapest property rates. Hyderabad is the capital of Indian state of Telangana.

In the first half of 2023, Gurugram had the highest average price rate of approximately ************** Indian rupees per square foot in the national capital region. Faridabad recorded the cheapest property rates in the region.

In 2022, housing loans ranging from *** to * million accounted for approximately ** percent of total housing loans in India. In contrast, loans below **** million constituted only * percent of the total. Overall, housing loans accounted for **** percent of India's GDP in 2022.