There has been an increase of 6% in the average prices of houses in Delhi-NCR.Image Credit source: ChatGPT

The pace of increase in average house prices in the residential market of Delhi-NCR was very slow last year and it increased by only six percent. Earlier, house prices in the area had jumped by 49 percent in 2024. According to the data of real estate advisory company 'Proptiger', this slowdown in prices has been seen due to slowdown in demand for residential properties. Data from PropTiger, recently acquired by listed company Aurum Proptech, shows that the annual growth of average house prices in the top eight cities of the country is likely to decline to six per cent in 2025. In the year 2024, these rates were increased by 17 percent.

According to the data, during the last year the average prices increased by a maximum of 13 percent. Bengaluru saw the highest increase of 13 percent, while prices remained almost stable in Chennai. Omkar Shetye, executive director of Aurum Proptech, said that overall, the strength in prices coupled with the decline in sales volumes reflects a disciplined and supply-balanced market. Here developers maintained pricing integrity and better management of unsold homes (inventory), leading to a stable price base for 2026.

How much increase took place in which city?

1. The average housing price in Ahmedabad increased by eight percent to Rs 4,754 per square foot in 2025, from Rs 4,402 per square foot in the previous year.
2. Rates in the Mumbai Metropolitan Region (MMR) increased by four per cent to Rs 13,164 per sq ft from Rs 12,600 per sq ft.


3. Prices in Pune rose by one per cent to Rs 7,192 per sq ft from Rs 7,108 per sq ft, while in Delhi-NCR prices rose by six per cent to Rs 8,570 per sq ft from Rs 8,105.
4. Due to the huge rise in prices during the period 2022-2024, the pace of increase in prices has now slowed down due to reduced demand.
5. In Kolkata, prices rose six per cent to Rs 5,633 from Rs 5,945 per square foot. In Bengaluru, prices jumped 13 per cent from Rs 7,536 to Rs 8,533 per sq ft, while in Chennai rates remained stable at around Rs 7,200 per sq ft.
6. Average housing prices in Hyderabad strengthened by eight per cent last year to Rs 7,053 per sq ft from Rs 7,644.

Why did property prices increase?

Ramji Subramaniam, managing director of Sowparnika Projects, said this strong double-digit price growth in Bengaluru underlines the sustainability (resilience) of the city's market and its global attractiveness. He said that being the AI ​​and technology capital of the country, Bengaluru continues to attract genuine buyers, global investors and the growing migrant workforce. Naveen Dhanuka, director of ArisUnitern, said prices in Bengaluru's housing market were largely driven by demand from actual buyers (end-users).

Ahmedabad still affordable

He said continued job creation in the technology sector and the GCC, continued immigration and infrastructure improvements have sustained demand. Lalit Parihar, managing director of real estate company IG Group, said that despite single-digit increase in prices, Ahmedabad remains an affordable housing market. He said that due to economic activities, demand remains strong in major cities of Gujarat including Dholera.