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In H1 FY25, the average ticket size of homes in India rose by 23% year-on-year to Rs 1.23 crore, despite a 3% decline in sales to 2.27 lakh units. Bengaluru and the National Capital Region saw significant increases of 44% and 56%, respectively, while Mumbai's average remained flat at Rs 1.47 crore, attributed to developers' cautious pricing strategies.
Home prices in major Indian cities, including NCR and Mumbai, surged by 23% year-on-year, reaching an average of Rs 1.23 crore ($145,707) during the first half of the fiscal year. Despite a 3% decline in unit sales, the total sales value increased by 18%, driven by strong demand for luxury homes. Developers are rapidly expanding to meet this demand, with DLF Ltd. reporting a significant rise in new sales bookings.
Real estate developers in India raised Rs 12,801 crore through Qualified Institutional Placements (QIPs) from January to September 2024, making it the second highest sector after renewable energy, which accounted for Rs 14,425 crore. Overall, QIP issuance across all sectors reached Rs 75,923 crore, with real estate holding a 17 percent share. Other notable sectors included Metals (15 percent) and Automotive and Transport (10 percent).
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