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Hans India
08-05-2025
- Business
- Hans India
Bengaluru, Hyderabad Lead Growth as Other Cities Plateau in Q1
The Indian housing market is showing signs of measured cooling, as new data from Real Insight Residential: Q1 2025 report indicates a visible slowdown in the rate of price growth across key urban centers. The platform, a part of REA India alongside found that while home prices have continued to rise on an annual basis, quarterly growth has eased notably in recent months. The first quarter of 2025 saw cities like Bengaluru and Hyderabad lead the market in terms of price increases. Bengaluru posted a 5 per cent quarter-over-quarter gain, bringing average residential rates to Rs 7,881 per square foot. Hyderabad matched this pace, with prices moving up to Rs 7,412 per square foot. These two cities remain growth hotspots even as other metros begin to flatten out. In contrast, established markets such as Delhi NCR, Mumbai Metropolitan Region (MMR), Pune and Chennai showed no change in residential prices compared to the previous quarter. This marks the second consecutive quarter of zero growth for these cities, signaling a pause after a strong run-up over the past two years. The report describes this phase as a 'cautious consolidation' rather than a downturn, with prices stabilising at elevated levels. Ahmedabad and Kolkata also showed positive, though moderate, growth trends. Ahmedabad recovered from a decline in late 2024, rising 4 per cent during the quarter. Kolkata followed a similar pattern, bouncing back with a 4 per cent quarterly gain after falling in the previous quarter. These movements reflect a market that is stabilising rather than retreating, as cities adjust to more realistic demand and supply dynamics. Industry observers attribute the shift in market behaviour to a broad realignment of demand. According to Dhruv Agarwala, Group CEO of and the reduced pace of price increases is helping re-engage serious homebuyers who were previously sidelined by speculation. He noted that the return of end-user participation will be key to maintaining long-term market health. Agarwala highlighted that this controlled trajectory will enable developers and investors to sustain gains without triggering pricing bubbles. From late 2024 into early 2025, market performance across Indian cities became more uniform, with most urban centres either holding prices steady or showing minimal increases. Delhi NCR, which had registered sharp price hikes throughout 2023, has now entered a holding phase, posting no increase during Q1 2025. Pune also remained stable with no price movement, after experiencing consistent appreciation in the past year. Chennai's pricing, too, showed no change, indicating equilibrium after sustained growth periods. The report notes that this current phase of moderation has been driven by multiple macro-level factors. A more informed and end-user-led buyer base has replaced speculative investors in many cities. Additionally, developers have started aligning supply pipelines with actual market demand, leading to more grounded pricing strategies. Investor interest, while still present, has become more rational, focusing on long-term value over short-term returns. Looking ahead, the PropTiger study forecasts that India's residential property sector will continue to follow a stable growth path. Developers are expected to adopt more cautious launch plans, focusing on project viability and location-specific demand. This is anticipated to help maintain momentum without triggering excess supply or inflated pricing.
Hindustan Times
07-05-2025
- Business
- Hindustan Times
Indian residential market prices cool down as growth moderates, Bengaluru and Hyderabad drive growth: report
The prices of the residential segment in eight cities of the Indian real estate market have cooled down, and there has been a moderation in the growth, according to a report released by titled 'Real Insight Residential: Q1 2025' India real estate update: The prices of the residential segment in eight cities of the Indian real estate market have cooled down, and there has been a moderation in the growth. (Picture for representational purposes only)(Mehul R Thakkar/HT) the transaction and advisory services platform part of REA India (which also owns revealed in its report that while residential property prices in India have continued to rise year-on-year, the pace of growth has clearly moderated in recent quarters. After a period of rapid post-pandemic expansion, the market now appears to be entering a phase of cautious consolidation. Also Read: Are Mumbai real estate prices moderating, giving homebuyers more room to negotiate? 'Market cooling, not crashing' According to the report, cities such as Bengaluru and Hyderabad continue to drive growth, with both cities recording 5% quarterly increases in Q1 2025. Bengaluru's average prices rose to ₹ 7,881 per sq ft, while Hyderabad touched ₹ 7,412 per sq ft. In contrast, key mature markets such as Delhi NCR, MMR (Mumbai Metropolitan Region), Pune and Chennai recorded no quarterly change in average prices following an already flat previous quarter, suggesting a plateauing of prices, the report said. The report added that Ahmedabad and Kolkata also saw moderate increases of 3.8% and 4% respectively in Q1 2025, reinforcing the trend of steady—though decelerating—growth. Also Read: Bengaluru, Mumbai, Delhi among top 15 global cities for prime residential price growth: Knight Frank report 'The moderation in price growth observed over the past few quarters indicates a stabilising market dynamic, likely encouraging the return of end-users previously displaced by speculative activity,' said Mr. Dhruv Agarwala, Group CEO, & 'This more measured trajectory is critical for sustaining end-user participation while maintaining the value built by investors and developers. In 2025, the market is expected to undergo further consolidation, reinforcing structural fundamentals and enabling steady, sustainable growth," he added. According to the report, the shift toward moderation became particularly evident from Q3 2024 onwards. Between Q4 2024 and Q1 2025, most cities either held steady or posted low single-digit gains. For example, Delhi NCR, MMR and Pune's per sq ft price remained steady at ₹ 8,106 per sq ft, ₹ 12,600 per sq ft and ₹ 7,109 per sq ft. Also Read: Check out Akshay Kumar's return on investment from the sale of six properties in Mumbai Market outlook? The report concluded that this cautious consolidation sets the stage for a more sustainable growth path. With prices plateauing in many cities and rising modestly in others, developers are likely to respond with more calibrated launches. This, in turn, will help maintain momentum while avoiding overheating in the sector, the report said.
News18
07-05-2025
- Business
- News18
Average Housing Prices Remain Stable In MMR, NCR, Chennai, Pune During January-March 2025: PropTiger
Agency: PTI Residential property prices have continued to rise year-on-year, but the pace of growth has clearly moderated in recent quarters. Average housing prices across Mumbai Metropolitan Region (MMR), Delhi-NCR, Chennai and Pune remained stable during the January-March period compared to the previous quarter, according to PropTiger. Data of real estate brokerage firm PropTiger, a part of REA India that owns showed that prices in Bengaluru and Hyderabad grew 5 per cent each while Ahmedabad and Kolkata saw an appreciation of 4 per cent each. The consultant noted that residential property prices have continued to rise year-on-year, but the pace of growth has clearly moderated in recent quarters. 'The moderation in price growth observed over the past few quarters indicates a stabilising market dynamic, likely encouraging the return of end-users previously displaced by speculative activity," said Dhruv Agarwala, Group CEO, & 'This more measured trajectory is critical for sustaining end-user participation while maintaining the value built by investors and developers. In 2025, the market is expected to undergo further consolidation, reinforcing structural fundamentals and enabling steady, sustainable growth," Agarwala added. As per the data, MMR, Delhi-NCR, Chennai and Pune markets did not see any increase in average prices. They were at Rs 12,600, Rs 8,106, Rs 7,173 and Rs 7,109 per square feet, respectively. Housing price in Hyderabad appreciated to Rs 7,412 from Rs 7,053 per square feet, while Kolkata saw an increase to Rs 5,839 from Rs 5,633 per square feet. First Published: May 07, 2025, 14:37 IST
Economic Times
07-05-2025
- Business
- Economic Times
Residential real estate prices starts showing signs of moderation
Indian residential property prices continue to rise year-on-year, but growth has slowed recently. Bengaluru and Hyderabad lead with 5% quarterly increases in Q1 2025. Mature markets like Delhi NCR and MMR show plateauing prices. Dhruv Agarwala notes this stabilization encourages end-user return, fostering sustainable growth. A market consolidation is expected in 2025, reinforcing fundamentals. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Residential property prices in India have continued to rise on a year-on-year basis but the pace of growth has moderated in recent quarters, according to the transaction and advisory services platform that is part of REA report highlights that cities such as Bengaluru and Hyderabad continue to drive growth, with both cities recording 5% quarterly increases in Q1 contrast, key mature markets such as Delhi NCR, MMR (Mumbai Metropolitan Region), Pune and Chennai recorded no quarterly change in average prices following an already flat previous quarter, suggesting a plateauing of markets like Ahmedabad and Kolkata also saw moderate increases of 3.8% and 4% respectively in Q1 2025, reinforcing the trend of steady—though decelerating—growth.'The moderation in price growth observed over the past few quarters indicates a stabilising market dynamic, likely encouraging the return of end-users previously displaced by speculative activity,' said Dhruv Agarwala, Group CEO, & more measured trajectory is critical for sustaining end-user participation while maintaining the value built by investors and developers. In 2025, the market is expected to undergo further consolidation, reinforcing structural fundamentals and enabling steady, sustainable growth,' he shift toward moderation became particularly evident from Q3 2024 onwards. Between Q4 2024 and Q1 2025, most cities either held steady or posted low single-digit prices plateauing in many cities and rising modestly in others, developers are likely to respond with more calibrated launches.
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Business Standard
07-05-2025
- Business
- Business Standard
India's housing market is not crashing, but definately cooling. Here is why
India's residential property market is transitioning from a phase of rapid post-pandemic growth to a more balanced and sustainable trajectory. While prices continue to rise year-on-year, the pace of growth has moderated in recent quarters, indicating a shift towards cautious consolidation, said a report by PropTiger, a transaction and advisory services platform. Cities like Bengaluru and Hyderabad have led the charge with 5% quarterly increases in Q1 2025, bringing Bengaluru's average price to Rs 7,881 per square foot and Hyderabad's to Rs 7,412 per square foot. In contrast, mature markets such as Delhi NCR, MMR, Pune, and Chennai have experienced price stability, with no quarterly change in average prices, suggesting a plateauing effect. Other markets like Ahmedabad and Kolkata also saw moderate increases of 3.8% and 4% respectively in Q1 2025, reinforcing the trend of steady—though decelerating—growth. 'The moderation in price growth observed over the past few quarters indicates a stabilising market dynamic, likely encouraging the return of end-users previously displaced by speculative activity,' said Mr. Dhruv Agarwala, Group CEO, & 'This more measured trajectory is critical for sustaining end-user participation while maintaining the value built by investors and developers. In 2025, the market is expected to undergo further consolidation, reinforcing structural fundamentals and enabling steady, sustainable growth.' The shift toward moderation became particularly evident from Q3 2024 onwards. Between Q4 2024 and Q1 2025, most cities either held steady or posted low single-digit gains. For example: Ahmedabad rebounded from a dip in Q4 2024 to register a 4% QoQ growth. Kolkata also recovered after a 4% decline last quarter, with a 4% rise. Pune remained flat at Rs 7,109/sqft, reflecting stability after strong gains in 2023. Even in high-growth areas like Delhi NCR, which saw double-digit gains through much of 2023, Q1 2025 showed 0% quarterly growth, indicating a market that is pausing after a sharp upswing. Macro Drivers Behind Consolidation The stabilisation phase can be attributed to multiple factors: A more discerning buyer base dominated by end-users Continued but rationalised investor interest A supply pipeline adjusting to real demand rather than speculative pushes "With prices plateauing in many cities and rising modestly in others, developers are likely to respond with more calibrated launches. This, in turn, will help maintain momentum while avoiding overheating in the sector," noted the report.
