In 2024, over ****** thousand housing units were launched on the residential market across India. Even though there is a big demand for housing in the country, residential launches have been on a comparatively high level over the past few years.

Graph and download economic data for Real Residential Property Prices for India (QINR628BIS) from Q1 2009 to Q4 2024 about India, residential, HPI, housing, real, price index, indexes, and price.

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.

In 2022, Mumbai heads the list of Indian metropolitan areas with over ** thousand launched housing units on the residential market. In general, all eight major metropolitan areas of India recorded a significant increase in residential launches.

The India Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments & Condominiums, and Villas & Landed Houses), by by Business Model (Sales and Rental), by Mode of Sale (Primary and Secondary), by City (Delhi NCR, Mumbai, Bengaluru, Hyderabad, Pune, Chennai, Kolkata and Other Cities). The Report Offers Market Size and Forecast Values (USD) for all the Above Segments.

The real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in India was forecast to continuously increase between 2024 and 2029 by in total **** billion U.S. dollars (+***** percent). After the ******** consecutive increasing year, the real estate transaction value is estimated to reach ****** billion U.S. dollars and therefore a new peak in 2029. Notably, the real estate transaction value of the 'Residential Real Estate Transactions' segment of the real estate market was continuously increasing over the past years.Find more key insights for the real estate transaction value in countries and regions like the real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in the world and the real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Japan.The Statista Market Insights cover a broad range of additional markets.

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]

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.

India Residential Construction Market Report is Segmented by Type (Apartment & Condominiums, Villas and Landed Houses), Construction Type (New Construction, Renovation), Construction Method (Conventional On-Site, Modern Methods of Construction), Investment Source (Public, Private), and Geography (North India, South India, West India, East & North-East India, and More). The Market Forecasts are Provided in Terms of Value (USD).

India Luxury Residential Real Estate Market was valued at USD 40.11 Billion in 2025 and is expected to reach USD 80.70 Billion by 2031 with a CAGR of 12.19%.

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.

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.

In 2022, the number of houses sold on the residential market across India was recorded at over ******* housing units. Thereby housing sales increased by more than ** percent compared to the previous year. The first year of the decade that the number of sales decreased to under ******* was in 2020.

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.

In the year 2022, around ** thousand housing units were sold in Mumbai, India's most demanding residential housing market. All of the eight biggest metropolitan areas of India except Kolkata recorded a significant increase in housing sales. There was a total of ******* residential properties sold during the period.

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 %.

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.

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.

The India residential construction market, valued at $189.80 million in 2025, is poised for significant growth, exhibiting a Compound Annual Growth Rate (CAGR) of 7.51% from 2025 to 2033. This expansion is fueled by several key drivers. A burgeoning population, particularly the young working professionals and nuclear families, is driving demand for housing, especially in urban centers. Government initiatives aimed at affordable housing and infrastructure development further stimulate the market. Furthermore, increasing urbanization and rising disposable incomes are contributing to the growth trajectory. The market is segmented by type (apartments & condominiums, villas, other types) and construction type (new construction, renovation). The preference for apartments and condominiums, especially in metropolitan areas, dominates the market share. New construction projects constitute a larger portion of the market compared to renovation projects due to land availability and affordability. However, certain restraints are expected to influence the market's growth. Land scarcity in prime locations, particularly in major cities, and rising construction costs can limit the supply of new housing units. Furthermore, stringent regulatory approvals and environmental concerns can delay project timelines and increase costs. Despite these challenges, the long-term outlook for the India residential construction market remains positive. Key players such as Delhi Land & Finance, Merlin Group, and Godrej Properties, amongst others, are actively involved in shaping the market dynamics through innovative construction techniques, sustainable building practices, and diverse product offerings. The market's resilience to economic fluctuations and continued government support indicate a strong trajectory for future growth, attracting significant investments and shaping the Indian real estate landscape for years to come. Recent developments include: January 2023: Godrej Properties Limited (an Indian real estate company) acquired a 60-acre land in Chennai to develop a residential project as it seeks to expand business amid the rise in housing demand. Spread across 60 acres, the proposed project is estimated to have a developable potential of approximately 1.6 million square feet of saleable area, comprising primarily of residential plotted development., January 2023: Shapoorji Pallonji Group (an Indian conglomerate company) acquired about 9 acres of land near Hadapsar in Pune to develop a new project. The company will develop nearly 1,350 housing units, including duplexes and penthouses, in this new 9-acre project with an estimated sales revenue of over INR 1,000 crores (USD 10 billion).. Key drivers for this market are: Government Initiatives Promoting Affordable Housing, Economic Growth and Rising Disposable Incomes. Potential restraints include: Government Initiatives Promoting Affordable Housing, Economic Growth and Rising Disposable Incomes. Notable trends are: Need for Affordable Housing is Driving the Market.

Key information about India Real Residential Property Price Index Growth

• India Real Residential Property Price Index Growth was reported at 0.098 % in Sep 2024.
• This records an increase from the previous number of -1.528 % for Jun 2024.
• India Real Residential Property Price Index Growth data is updated quarterly, averaging 2.368 % from Mar 2010 to Sep 2024, with 59 observations.
• The data reached an all-time high of 17.025 % in Mar 2012 and a record low of -5.419 % in Sep 2020.
• India Real 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 Real Residential Property Price Index: 2010=100: Quarterly: YoY %.