Graph and download economic data for Residential Property Prices for India (QINN628BIS) from Q1 2009 to Q4 2024 about India, residential, HPI, housing, price index, indexes, and price.

Key information about House Prices Growth

• India house prices grew 2.6% YoY in Sep 2024, following an increase of 6.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2011 to Sep 2024, 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.

Residential Property Prices in India increased 3.10 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for India Residential Property Prices.

Key information about India Gold Production

• India Real Residential Property Price Index was reported at 152.986 2010=100 in Sep 2024.
• This records a decrease from the previous number of 157.301 2010=100 for Jun 2024.
• India Real Residential Property Price Index data is updated quarterly, averaging 157.919 2010=100 from Mar 2009 to Sep 2024, with 63 observations.
• The data reached an all-time high of 177.067 2010=100 in Jun 2019 and a record low of 88.901 2010=100 in Mar 2009.
• India Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

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.

India's residential house prices - quarterly and annual changes in house prices across cities, expert analysis and comparison with global peers.

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.

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.

The dataset contains year-, quarter- and city-wise data on the Housing Price Index in Indian and among its various cities such as Ahmedabad, Bangalore, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, Mumbai, etc.

The Housing Price Index in India is a statistical measure designed to reflect the changes in housing prices across various regions. It is calculated by the Reserve Bank of India (RBI) using data from housing transactions, which include registration documents and mortgage data from banks and housing finance companies. The HPI is constructed using a base year, and the price levels of that base year are set at 100. Changes in the index from the base year reflect how housing prices have increased or decreased. The Reserve Bank compiles quarterly house price index (HPI) (base: 2010-11=100) for ten major cities, viz., Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi. Based on these city indices, the average house price index represents all of India's house price movements. The Housing Price Index (HPI) is a critical economic indicator that measures the changes in residential housing prices over time. In India, the HPI is an essential tool used by policymakers, economists, real estate developers, investors, and homebuyers to gauge the trends in the real estate market. The HPI helps track the inflation or deflation in the housing market, thus providing insights into the economy's overall health.

This statistic shows the average residential property prices in India in 2020, by select location. It was forecasted that the average residential property price in the Guindy-Alandur cluster in Chennai was about ****** Indian rupees per square foot. The highest average price per square foot was projected for Madh-Marve in the city of Mumbai at over ****** Indian rupees.

Key information about India Nominal Residential Property Price Index

• India Nominal Residential Property Price Index was reported at 336.805 2010=100 in Sep 2024.
• This records a decrease from the previous number of 336.994 2010=100 for Jun 2024.
• India Nominal Residential Property Price Index data is updated quarterly, averaging 251.244 2010=100 from Mar 2009 to Sep 2024, with 63 observations.
• The data reached an all-time high of 336.994 2010=100 in Jun 2024 and a record low of 78.574 2010=100 in Mar 2009.
• India Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

[COVID-19-IMPACT]

India Real Estate Industry Report is Segmented by Property Type (Residential, Office, Retail, Hospitality, and Industrial) and Key Cities (Mumbai Metropolitan Region (MMR), Delhi NCR, Pune, Chennai, Hyderabad, Bengaluru and Rest of India). The Report Offers the Market Size and Forecasts in Value (USD) for all the Above Segments.

Key information about India Nominal Residential Property Price Index Growth

• India Nominal Residential Property Price Index Growth was reported at 4.342 % in Sep 2024.
• This records an increase from the previous number of 3.303 % for Jun 2024.
• India Nominal Residential Property Price Index Growth data is updated quarterly, averaging 7.332 % from Mar 2010 to Sep 2024, with 59 observations.
• The data reached an all-time high of 26.258 % in Dec 2011 and a record low of 1.104 % in Sep 2020.
• India Nominal Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

India IN: House Price Index: Nominal: sa data was reported at 149.020 2015=100 in Dec 2024. This records a decrease from the previous number of 149.115 2015=100 for Sep 2024. India IN: House Price Index: Nominal: sa data is updated quarterly, averaging 111.391 2015=100 from Mar 2009 (Median) to Dec 2024, with 64 observations. The data reached an all-time high of 149.115 2015=100 in Sep 2024 and a record low of 34.745 2015=100 in Mar 2009. India IN: House Price Index: Nominal: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Quarterly. Urban areas - 10 main cities; Seasonnally adjusted by OECD, using the X-12 ARIMA method; Residential property prices, sales of newly-built and existing dwellings, all types of dwellings The source for recent figures is same as the OECD Residential Property Price Indices (RPPIs) - Headline indicators database. Sales

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 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.

The Indian residential real estate market is experiencing robust growth, projected to reach a market size of ₹227.26 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 24.77% from 2025 to 2033. This expansion is fueled by several key factors. Increasing urbanization, a burgeoning middle class with rising disposable incomes, and favorable government policies promoting affordable housing are significant drivers. Furthermore, evolving consumer preferences towards larger, more sustainable, and technologically advanced homes are shaping the market. The segment is witnessing a shift towards premium properties, particularly condominiums and apartments in urban centers, while the demand for villas and landed houses remains strong in suburban and rural areas. Competition is intense, with established players like Godrej Properties, Prestige Estate, DLF, and others vying for market share alongside newer entrants. Challenges include fluctuating interest rates, land acquisition complexities, and regulatory hurdles, which can impact the pace of development and project completion timelines. However, the long-term outlook for the Indian residential real estate sector remains positive, driven by fundamental demographic and economic shifts. The market's segmentation by property type reveals a clear preference for apartments and condominiums, driven by increasing population density in urban areas and the appeal of convenient, modern living. However, villas and landed houses continue to hold significant appeal, particularly among high-net-worth individuals and families seeking more space and privacy. Geographical variations exist, with major metropolitan areas exhibiting higher growth rates compared to smaller cities. This disparity reflects the concentration of employment opportunities and infrastructure development in major urban hubs. The sector's growth is further supported by continuous improvements in infrastructure, better connectivity, and evolving financing options, making homeownership more accessible to a wider range of buyers. Sustained focus on affordable housing initiatives by the government is also instrumental in expanding the market reach and catering to a larger segment of the population. Recent developments include: December 2023: Ashwin Sheth Group planned to expand its residential and commercial portfolio in the MMR region.November 2023: Tata Realty and Infrastructure, a wholly-owned subsidiary of Tata Sons, planned to grow its business with over 50 projects in major cities in India, Sri Lanka, and the Maldives. The projects have a development potential of more than 51 million square feet.. Key drivers for this market are: 4., Rapid urbanization4.; Government initiatives. Potential restraints include: 4., Rapid urbanization4.; Government initiatives. Notable trends are: Increasing Demand for Big Residential Spaces is Driving the Market.

Housing Index in India increased to 122 points in the first quarter of 2025 from 120 points in the fourth quarter of 2024. This dataset provides - India NHB Residex - actual values, historical data, forecast, chart, statistics, economic calendar and news.

RBI: Housing Price Index: 2010-11Q1=100: All India data was reported at 323.255 2010-2011=100 in Dec 2024. This records an increase from the previous number of 322.000 2010-2011=100 for Sep 2024. RBI: Housing Price Index: 2010-11Q1=100: All India data is updated quarterly, averaging 252.358 2010-2011=100 from Jun 2010 (Median) to Dec 2024, with 59 observations. The data reached an all-time high of 323.255 2010-2011=100 in Dec 2024 and a record low of 94.240 2010-2011=100 in Jun 2010. RBI: Housing Price Index: 2010-11Q1=100: All India 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. [COVID-19-IMPACT]