Residential Property Prices in India increased 3.13 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for India Residential Property Prices.

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.

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

Graph and download economic data for Real Residential Property Prices for India (QINR628BIS) from Q1 2009 to Q2 2025 about India, residential, HPI, housing, real, price index, indexes, and price.

India Real Estate Market is projected to reach USD 1044.43 Billion by 2030 at a CAGR of 16.6% from 2025-2030

The India real estate market size attained a value of USD 570.40 Billion in 2024 and is projected to expand at a CAGR of around 8.70% through 2034. Rapid smart city developments, government incentives and increased FDI inflows are propelling the market to achieve USD 1313.64 Billion by 2034.

Key Market Trends and Insights:

• The North India real estate market dominated the market in 2024 and is projected to grow at a CAGR of 9.6% over the forecast period.
• By property, the residential segment is expected to register 10.8% CAGR over the forecast period.
• By type, sales is expected to register 12.1% CAGR over the forecast period due to the affordable housing schemes and growing urban populations.

Market Size & Forecast:

• Market Size in 2024: USD 570.40 Billion
• Projected Market Size in 2034: USD 1313.64 Billion
• CAGR from 2025-2034: 8.70%
• Fastest-Growing Regional Market: North India

Rapid urbanization is driving the popularity of real estate in India, particularly in Tier 1 and Tier 2 cities. According to the United Nations, 60 million Indian residents are expected to reside in cities by 2030. Government initiatives like Smart Cities Mission, Bharatmala, and Metro rail expansions are improving urban infrastructure and enhancing real estate value in peripheral areas. Better roads, connectivity, and amenities make these regions attractive for residential and commercial development.

Policy initiatives like RERA (Real Estate Regulatory Authority), GST, Benami Transactions Act, and PMAY have brought structure and accountability to the India real estate market. RERA has increased buyer confidence by mandating project registration, timely delivery, and clear legal documentation. GST helped simplify the tax regime, though its impact varies by segment. Foreign Direct Investment (FDI) norms are encouraging global players to enter Indian real estate space. These reforms have set a more transparent, regulated environment conducive to long-term investment and sustainable growth.

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).

The India Residential Construction Market is experiencing robust growth, projected to reach $189.80 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 7.51% from 2025 to 2033. This expansion is fueled by several key drivers. A burgeoning middle class with increasing disposable incomes is driving demand for improved housing. Government initiatives promoting affordable housing and infrastructure development further stimulate the market. Urbanization, particularly in major metropolitan areas, contributes significantly to the demand for residential units. The market segments are diverse, encompassing apartments and condominiums, villas, and other housing types, with both new construction and renovation projects contributing to overall growth. Competition is intense, with established players like Puravankara, Mahindra Lifespace, Godrej Properties, and Prestige Group vying for market share alongside smaller, regional builders. While challenges remain, such as land acquisition complexities and fluctuating material costs, the overall market outlook remains positive, indicating sustained growth throughout the forecast period. The market's segmentation offers further insights. Apartments and condominiums likely dominate the market share due to their affordability and suitability for urban living. The new construction segment is expected to experience higher growth compared to renovations, driven by the increasing demand for new homes. However, renovation projects contribute significantly to the overall market, driven by factors such as improving existing properties and a desire for upgraded amenities. Regional variations are also expected, with major metropolitan areas experiencing faster growth compared to smaller cities and rural areas. The continuous evolution of construction technologies, focusing on sustainability and efficiency, will further shape the market landscape in the coming years. Strategic alliances and mergers & acquisitions are also likely to be witnessed, consolidating the market and driving innovation. This comprehensive report provides an in-depth analysis of the burgeoning India residential construction market, covering the period 2019-2033. With a base year of 2025 and an estimated year of 2025, the report offers valuable insights into market trends, driving forces, challenges, and future growth projections. The study meticulously examines various segments, including apartments and condominiums, villas, and other residential construction types, encompassing both new construction and renovation projects. This report is crucial for investors, developers, policymakers, and industry stakeholders seeking to understand the dynamics of this rapidly expanding market. Key drivers for this market are: Government Initiatives Promoting Affordable Housing, Economic Growth and Rising Disposable Incomes. Potential restraints include: Shortage of Skilled Labor, Fluctuating Construction Materials Costs. Notable trends are: Need for Affordable Housing is Driving the Market.

The India Residential Real Estate Market is experiencing robust growth, projected to reach a market size of $227.26 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 24.77% from 2025 to 2033. This expansion is driven by several factors, including a burgeoning middle class with increasing disposable incomes, favorable government policies promoting affordable housing, and urbanization trends leading to a significant demand for residential properties across major metropolitan areas. The market is segmented into Condominiums and Apartments and Villas and Landed Houses, with both segments contributing significantly to overall growth. Key players such as DLF, Oberoi Realty, and Godrej Properties are shaping the market landscape through large-scale projects and innovative offerings. However, challenges remain, including high construction costs, regulatory complexities, and land acquisition hurdles, which could potentially moderate growth in certain regions. The forecast suggests continued market expansion, particularly in high-growth urban centers, fueled by ongoing infrastructure development and improved connectivity. The competitive landscape is intense, with both established players and new entrants vying for market share. The increasing preference for luxury apartments and sustainable housing options presents opportunities for developers to cater to evolving consumer preferences. Government initiatives focusing on affordable housing schemes are expected to further stimulate demand, particularly in the affordable housing segment. The market's trajectory suggests a positive outlook, although careful consideration of macroeconomic factors and potential risks is crucial for informed decision-making. Continued monitoring of evolving consumer preferences, technological advancements, and regulatory changes will be essential for sustained success in this dynamic market. This report provides a detailed analysis of the Indian residential real estate market, covering the historical period (2019-2024), the base year (2025), and forecasting the market's trajectory until 2033. It delves into market size, segmentation, key trends, growth drivers, challenges, and significant developments, offering valuable insights for investors, developers, and stakeholders. The report leverages data encompassing condominiums and apartments, villas and landed houses, and examines the impact of key players and regulatory changes. This in-depth analysis will help you navigate the complexities of this dynamic market and make informed decisions. Recent developments include: October 2022- Shriram Properties Ltd and ASK Property Fund agreed to establish an INR 500 crore (USD 608.98 million) investment platform to acquire housing projects. Both companies have signed an agreement to establish an investment platform to acquire residential real estate projects. Shriram and ASK will co-invest in plotted residential development projects in Bengaluru, Chennai, and Hyderabad as part of the platform agreement., October 2022- Magnolia Quality Development Corporation (MQDC), a Bangkok-based property development firm, was in talks with multiple landowners to acquire a large plot for a residential project in the NCR. The company plans to launch its flagship luxury residential real estate project in India and is discussing a possible transaction with property consultants and developers.. Key drivers for this market are: Growing urban population driving the growth of transportation infrastructure., Sultanate's Economic Diversification Plan (Vision 2040) to provide new growth to the market. Potential restraints include: Delay in project approvals, High cost of materials. Notable trends are: Increasing Demand for Big Residential Spaces 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.

Graph and download economic data for Residential Property Prices for India (QINN628BIS) from Q1 2009 to Q2 2025 about India, residential, HPI, housing, price index, indexes, and price.

The India luxury residential real estate market was valued at USD 36.73 Billion in 2024. The industry is expected to grow at a CAGR of 20.10% during the forecast period of 2025-2034. The expansion of wealthy population, rapid urbanisation, emergence of smart homes, and rise in housing projects have resulted in the market likely attaining a valuation of USD 229.32 Billion by 2034.

Explore the Indian luxury residential real estate market's growth prospects, size, and trends by 2030, highlighting investment opportunities and emerging hotspots.

USD 314.02 Billion in 2024; projected USD 478.89 Billion by 2033; CAGR 4.81%.

As of May 2025, there were nearly *** million housing units completed across the north Indian state of Uttar Pradesh within the "housing for all" (HFA) program since 2014. The HFA-program is part of the Pradhan Mantri Awas Yojana - Urban scheme of the Indian government. What is affordable housing? The right to housing is recognized as one of the very basic human rights in the Universal Declaration of Human Rights by the United Nations. The basic aim is to provide shelter for every human. The next step is to establish “adequate housing”. Thereby, a few conditions must be met to differentiate basic shelter from adequate housing. One of these conditions is affordability. From a broader perspective, affordability can be measured by correlating income and housing expenses. From a narrower perspective, the costs for housing must not compromise other basic rights such as the right to food or family well-being. Government schemes on affordability Indian governments since independence have focused on the issue of affordable housing in the context of poverty reduction. In 2015, the government announced a “housing for all” program that aimed at providing a safe home to every Indian by 2022. The existing Indira Awas Yojana was renamed in Pradhan Mantri Awas Yojana in the same year and split into one scheme for the urban and one for the rural population. Furthermore, the introduction of Real Estate Regulation Authorities in 2017 is meant to increase transparency on the market and strengthen the rights of buyers.

Key information about India Gold Production

• India Real Residential Property Price Index was reported at 163.521 2010=100 in Jun 2025.
• This records an increase from the previous number of 160.894 2010=100 for Mar 2025.
• India Real Residential Property Price Index data is updated quarterly, averaging 170.267 2010=100 from Mar 2009 to Jun 2025, with 66 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]

The India real estate market size was valued at USD 482 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 1,184 Billion by 2033, exhibiting a CAGR of 10.50% during 2025-2033. West and Central India currently dominates the market, holding a significant market share of over 32.0% in 2024. The increasing infrastructure investments, rapid urbanization, growing demand for affordable housing, expansion of the e-commerce sector, favorable government policies, expanding digitalization, and increasing foreign direct investments are some of the major factors augmenting India real estate market share, creating opportunities across residential, commercial, industrial, and logistics segments.

During financial year 2025, the consumer price index (CPI) for urban housing decreased to *** percent from *** percent compared to the preceding financial year. However, the CPI was still lower than index value in 2020.

Snapshot img

Real Estate Market Size 2025-2029

The real estate market size is valued to increase USD 1258.6 billion, at a CAGR of 5.6% from 2024 to 2029. Growing aggregate private investment will drive the real estate market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 64% growth during the forecast period.
By Type - Residential segment was valued at USD 1440.30 billion in 2023
By Business Segment - Rental segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 48.03 billion
Market Future Opportunities: USD 1258.60 billion
CAGR from 2024 to 2029 : 5.6%

Market Summary

In the dynamic realm of global real estate, private investment continues to surge, reaching an impressive USD 2.6 trillion in 2020. This significant influx of capital underscores the sector's enduring appeal to investors, driven by factors such as stable returns, inflation hedging, and the ongoing demand for shelter and commercial real estate space. Simultaneously, marketing initiatives have gained momentum, with digital platforms and virtual tours becoming increasingly popular.
However, regulatory uncertainty looms, posing challenges for market participants. Amidst this complex landscape, real estate remains a vital component of the global economy, continually evolving to meet the shifting needs of businesses and individuals alike.

What will be the Size of the Real Estate Market during the forecast period?

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How is the Real Estate Market Segmented ?

The real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The residential segment is estimated to witness significant growth during the forecast period.

Amidst the dynamic real estate landscape, the residential sector encompasses the buying and selling of various dwelling types, including single-family homes, apartments, townhouses, and more. This segment experiences continuous growth, fueled by increasing millennial homeownership rates and urbanization trends. Notably, the APAC region, specifically China, dominates the market share, driven by escalating homeownership numbers. Concurrently, the Indian real estate sector thrives due to the demand for affordable housing, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects. In this evolving market, various aspects such as environmental impact studies, capital appreciation potential, title insurance coverage, building lifecycle costs, mortgage interest rates, and structural engineering analysis play crucial roles.

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The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Property tax appeals, property insurance premiums, property tax assessments, property marketing strategies, building material pricing, property management software, land surveying techniques, zoning regulations compliance, architectural design features, building code compliance, multifamily property management, rental yield calculations, construction cost estimation, energy efficiency ratings, green building certifications, tenant screening processes, investment property returns, property development plans, geotechnical site investigations, sustainable building practices, due diligence procedures, HVAC system efficiency, property renovation costs, market value appraisals, building permit acquisition, and property valuation models significantly impact the sector's progression. As of 2021, the market is projected to reach a value of USD 33.3 trillion, underscoring its substantial influence on the global economy.

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Regional Analysis

APAC is estimated to contribute 64% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The APAC region held the largest share of the market in 2024, driven by factors such as rapid urbanization and increasing spending capacity. This trend is expected to continue during the forecast period. The overall health of the economy signi

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.