Property prices increased in 48 cities across India during the January–March quarter of the financial year 2024–25, as per the latest NHB RESIDEX data published by the National Housing Bank (NHB). All eight major metropolitan areas — Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune — experienced annual growth in residential property prices during this quarter, according to the most recent residential housing price index.
The composite housing price index for 50 cities, which is based on valuation prices gathered from banks and housing finance companies, showed a year-on-year increase of 7.5% in Q4 FY25, an improvement from the 5.1% recorded in the same quarter of the previous year. On a sequential basis, the index grew by 1.9%, continuing its upward trend that has persisted quarter-on-quarter since September 2021.
Among the metropolitan cities, Bengaluru led with a remarkable 13.1% year-on-year increase in residential prices, followed by Kolkata at 9.6% and Chennai at 9.0%. Pune and Ahmedabad reported annual increases of 6.8% and 6.1%, respectively, while Mumbai noted a rise of 5.9%. Hyderabad experienced a price increase of 4.8%, and Delhi recorded a more modest rise of 2.9% during the same timeframe.
The index also indicated significant disparities in price movements across the 50 cities. Navi Mumbai achieved the highest annual increase at 45.8%, establishing it as the fastest-growing city in terms of residential price appreciation. Conversely, Howrah and Thiruvananthapuram were the only two cities to experience a decline in prices, with Howrah facing a 3.5% decrease.