The average residential property prices in India rose across all major metros in the third quarter (Q3) of 2025, with the National Capital Region (NCR) recording the sharpest year-on-year (YoY) rise up by 24 per cent.
As per the data analysed by property consulting firm Anarock, NCR was followed by Bengaluru (10 per cent) and Hyderabad (8 per cent).
The average property prices in NCR jumped to Rs 8,900 per sq ft in Q3 2025, compared to Rs 7,200 in Q3 2024, registering a 24 per cent annual rise and 3 per cent increase over the previous quarter.
The latest city-level price trends based on basic selling price (BSP) per square foot, highlighted that the pan-India average price reached Rs 9,105 per sq ft in Q3 2025, up from Rs 8,390 a year ago, marking a 9 per cent YoY increase.
On a quarter-on-quarter (QoQ) basis, the prices rose by 1 per cent, indicating continued momentum despite high interest rates and tight supply in the premium and mid-income segments.
The Mumbai Metropolitan Region (MMR) remains India’s costliest market at Rs 17,230 per sq ft in Q3 2025. Though the YoY increase was modest at 6 per cent, the region’s prices are nearly double the national average, reflecting strong premium housing demand in South Mumbai, Bandra, and Thane.
Quarter-on-quarter, MMR saw a 1 per cent uptick. Market watchers say limited land availability, high redevelopment activity, and demand from non-resident Indians (NRIs) are keeping prices elevated.
Bengaluru maintained its steady growth trajectory with a 10 per cent rise YoY to Rs 8,870 per sq ft in Q3 2025.
The city saw a 2 per cent increase from the previous quarter, driven largely by demand in key zones such as Whitefield, Sarjapur Road, and North Bengaluru.
Hyderabad and Chennai continued their upward trajectory, with prices of Hyderabad rising 8 per cent YoY to Rs 7,750 per sq ft, and prices of property in Chennai increased 5 per cent YoY to Rs 7,010 per sq ft.
Prices in Pune edged up 4 per cent YoY to Rs 7,935 per sq ft, with demand largely concentrated in Hinjewadi, Kharadi, and Baner. Kolkata registered a 6 per cent rise YoY to Rs 6,060 per sq ft, making it one of the most affordable metros in India.