average home prices rise in india despite sales decline in first half of fy25

During the first half of FY25, the average ticket size of homes in India increased by 23 percent year-on-year to Rs 1.23 crore, despite a 3 percent decline in housing unit sales, totaling 2.27 lakh.

Bengaluru and the National Capital Region witnessed significant growth, with Bengaluru's average ticket size rising 44 percent to Rs 1.21 crore and the National Capital Region experiencing a 56 percent jump to Rs 1.45 crore, indicating strong demand for luxury properties.

On the other hand, the average ticket size in the Mumbai metropolitan region remained unchanged at Rs 1.47 crore, maintaining its position as India's most expensive housing market. Experts believe that this lack of growth in Mumbai's prices may be due to developers' cautious strategies, such as reducing flat sizes and implementing minor price cuts, to avoid overpricing and maintain a balance between market demand and already high price levels in the region.

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