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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.
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.
