New Delhi— Property prices across major Indian metros continued their steep upward trend in the July–September quarter of 2025, driven by surging demand for luxury homes, rising construction costs, and limited supply of ready-to-move-in units, according to real estate advisory platform PropTiger.com by Aurum PropTech.
The report revealed that Delhi-NCR recorded the strongest growth among India’s top eight cities, with home prices rising 19% year-on-year and 9.8% quarter-on-quarter. The average price per square foot increased from ₹7,479 in Q3 2024 to ₹8,900 in Q3 2025. Analysts attributed the surge to major infrastructure upgrades and soaring interest in premium residential projects.
Bengaluru and Hyderabad followed closely, reflecting strong demand from the expanding technology and global capability centre (GCC) sectors. Bengaluru witnessed a 15% year-on-year jump to ₹8,870 per sq. ft., while Hyderabad’s prices climbed 13% to ₹7,750 per sq. ft.
Commenting on the trend, Karishmah Siingh, President of Sales, Marketing and CRM at Sattva Group, said the southern markets are experiencing a structural transformation in housing demand. “The IT and GCC sectors are redefining homeownership around lifestyle, accessibility, and long-term value. Buyers now prefer integrated communities with holistic infrastructure and sustainable design,” she stated.
Other major markets — including Mumbai Metropolitan Region (MMR), Pune, Chennai, and Kolkata — recorded robust single-digit growth, underscoring buyer confidence and sustained momentum in India’s property sector.
While overall home sales across the top eight cities dipped marginally by 1% year-on-year to 95,547 units, the total value of transactions surged 14% annually to ₹1.52 lakh crore — a sign of the market’s “premiumisation,” the report noted.
New housing supply declined slightly year-on-year to 91,807 units but rose 9.1% compared to the previous quarter. The majority of new launches were concentrated in western and southern India, led by MMR (26.9%), Pune (18.7%), and Hyderabad (13.6%).
Developers, the report said, are now strategically focusing on higher-value projects aligned with affluent homebuyer demand.
PropTiger’s analysis covered India’s eight key residential hubs — Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai Metropolitan Region (MMR), and Pune — which together represent the bulk of the country’s real estate market.
