India housing prices surge, Delhi‑NCR sees biggest 19% surge
What's the story
India's top eight housing markets witnessed an increase between 7% to 19% in property prices during the July-September quarter, according to PropTiger, a digital real estate transaction and advisory platform. The Delhi-National Capital Region (NCR) led the charge with an impressive 19% year-on-year (YoY) increase. This surge is attributed to strong demand for luxury properties and infrastructure upgrades. The weighted average home price in Delhi‑NCR increased from ₹7,479 per sq. ft in Q3 2024 to ₹8,900 per sq. ft in Q3 2025.
Market trends
Price surge in Bengaluru, Hyderabad
Following Delhi-NCR, Bengaluru and Hyderabad also recorded impressive price growths of 15% and 13%, respectively. In Bengaluru, the weighted average price of homes increased from ₹7,713 per sq. ft in Q3 2024 to ₹8,870 per sq. ft in Q3 2025. Meanwhile, prices in Hyderabad rose from ₹6,858 per sq. ft in Q3 2024 to ₹7,750 per sq. ft during the same period this year.
City-wise analysis
Price growth in other major markets
Other major markets such as Mumbai Metropolitan Region (7%) , Pune (9%), and Kolkata (8%) saw moderate price growth. This is a reflection of widespread developer confidence and buyers' willingness to invest in appreciating assets. In Ahmedabad, prices rose by 7.9% to ₹4,820 per sq. ft from ₹4,467 per sq. ft while Chennai's prices grew by 9% to ₹7,173 per sq. ft from ₹6,581 per sq. ft in Q3 2024.
Sales trends
Premiumization trend in property market
The report also noted that home sales across India's top eight residential markets stabilized in the July-September quarter, with a marginal 1% YoY dip in volume to 95,547 units sold. However, on a quarterly basis, it registered a 2.2% decline. In stark contrast, the total value of properties sold during this period jumped by 14% annually to ₹1.52 lakh crore, indicating a clear market shift toward premiumization.
Supply trends
New supply across top 8 cities
The report also highlighted a slight annual decline of 0.1% in new supply across the top eight cities, with 91,807 units launched. However, new launches registered a growth of 9.1% over the previous quarter, indicating cautious optimism among developers.