Indian Real Estate Enters Stable Phase with Slowing Price Growth: PropTiger Report

Housing prices in Mumbai Metropolitan Region (MMR) alongside Delhi-NCR and Chennai and Pune displayed no change throughout Q1 compared to Q4 as documented by PropTiger analysis.

The real estate brokerage firm PropTiger recorded price growth at 5 per cent each in Bengalaru and Hyderabad alongside 4 percent increases for Ahmedabad and Kolkata. The consultant reported residential property prices increased annually yet the growth rate showed noticeable slowdown 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, Housing.com & PropTiger.com.

“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.

Data indicates MMR, Delhi-NCR, Chennai and Pune maintained consistent average prices at Rs. 12,600, Rs. 8,106, Rs. 7,173 and Rs. 7,109 per square feet respectively. The housing costs stayed the same at Rs. 12,600, Rs. 8,106, Rs. 7,173 and Rs. 7,109 per square feet among these four markets. The real estate market in Ahmedabad experienced a price increase to Rs. 4,568 per square feet from the previous level at Rs. 4,402 per square feet. Real estate prices in Bengaluru reached Rs. 7,881 per square feet during the measured period but started at Rs. 7,536 per square feet previously. The average property value in Hyderabad increased by Rs. 7,412 to Rs. 7,053 per square feet meanwhile Kolkata's property market rose from Rs. 5,633 to Rs. 5,839 per square feet.