According to Magicbricks’ PropIndex report, home prices across India’s major markets rose by approximately 3.5% in the April–June quarter compared to the previous quarter. On an annual basis, prices jumped nearly 24%, strongly influenced by infrastructure developments in cities like Pune, Greater Noida, and Kolkata, where growth exceeded 30%.
Demand Keeps Climbing, But Supply Trails Behind
The quarter also saw a 4.6% increase in demand, indicating sustained buyer interest.However, the pace of new housing supply has nearly come to a halt, reaching its slowest level in five years as developers prioritized clearing existing inventories.
City‑Wise Buying Trends Mirror Demographic Shifts
- In IT‑focused cities such as Bengaluru, Hyderabad, Gurugram, and Noida, buyers are leaning toward larger homes—primarily 3‑ and 4‑bedroom units, which made up about 80% of purchases.
- In contrast, in Mumbai’s expensive suburban market, most buyers are opting for compact homes (1–2 BHK), driven by high prices. With a boost in affordable housing supply and recent repo rate cuts, entry-level buyers are becoming active again
What Lies Ahead?
According to Prasun Kumar, Chief Marketing Officer at Magicbricks, infrastructure is expected to remain a primary catalyst for price growth . While sentiment continues to be positive, especially in premium segments, developers are becoming more strategic by timing new launches carefully and letting existing stock clear. This signals a shift toward measured, stable growth rather than a rapid price surge.
Source : –MoneyControl
