Property prices rise in 48 cities in Q4 of FY25

As many as 48 cities out of 50 registered an increase in property prices during the fourth quarter of 2024-25, according to data released by the National Housing Bank (NHB). Out of the 50 cities covered, two cities Howrah and Thiruvananthapuram registered a decline in property prices, the latest residential housing price index NHB RESIDEX said. The 50-city Housing Price Index (HPI), based on valuation prices of properties collected from banks and housing finance companies, recorded an annual increase of 7.5 per cent during the fourth quarter of 20224-25 compared to 5.1 per cent a year ago, it added.
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.