Stability in Indian Housing Market: Regional Insights and Future Trends

Housing prices across major Indian cities have mostly stabilized in early 2023, with notable growth in Bengaluru and Hyderabad. PropTiger reports that year-on-year growth has slowed, suggesting a balanced market. The industry anticipates further consolidation by 2025, driving sustainable growth and stabilizing prices.

In an analysis of the Indian housing market, recent data reveals that prices have maintained stability across the Mumbai Metropolitan Region (MMR), Delhi-NCR, Chennai, and Pune during the first quarter of 2023, as reported by PropTiger.

While prices in these regions remained unchanged, Bengaluru and Hyderabad witnessed a 5% price increase, and Ahmedabad and Kolkata saw a 4% appreciation. This trend signals a slowing pace of growth, indicative of a stabilizing market.

Dhruv Agarwala, Group CEO of Housing.com & PropTiger.com, highlights the importance of this moderated growth trajectory in attracting end-users back to the market. Looking ahead, experts predict further market consolidation by 2025, which is expected to reinforce structural stability and enable steady, sustainable growth.

(With inputs from agencies.)