According to the latest insight to the real estate platform magicbricks, India's Real Estate Market is looking at a new pricing tendency, in which the prices of ready-to-move (RTM) properties in Major Metros in low-construction (UC) homes have been reduced.
In Delhi, the average price of a Ready-to-Move apartment is at 18,698 per sq ft. Square foot., The report states.
Even India's best real estate market Mumbai has followed the suit. Magicbricks stated that low-construction property prices rose 33.4% year-on-year in Q1 2025, reaching ₹ 32,371 per sq ft.
“The rising prices of low-manufacturing houses can be attributed to two major factors. First, the buyer preferences have motivated homebukers to pay a premium for contemporary designs, better layouts, and high quality construction and fittings. Market, makes new growth more expensive than ready-to-mow houses,” said Magicabric said.
Residential prices continue to climb, initial investments in low-manufacturing projects may offer long-term value and capital admiration for buyers and investors.
However, a few days after the report, Anarock said that residential prices slowed down the bull of the Indian housing market in the first quarter of the calendar year 2025.
In the first quarter of the year, the sales in the top 7 cities have seen a decline of 28%, showing the anarock data in the first quarter of the year. Unlike high sales of more than 1.30 lakh in Q1 2024, about 93,280 units were sold in top 7 cities in Q1 2025.
Delhi-NCR saw a 20% decline in sales from about 15,650 units in Q1 2024, which increased to about 12,520 units in Q1 2025. The Mumbai Metropolitan Region (MMR) witnessed the sale of the highest housing with about 31,610 units in Q1 2025, when Q1 2024 had a decline of about 26%.
Bengaluru saw a sales of 15,000 units sold in Q1 2025, declining 16% compared to Q1 2024, when 17,790 units were sold. Hyderabad sold about 10,100 units in Q1 2025, falling 49% on Q1 2024, when about 19,660 units were sold.
Pune sold 16,100 units in Q1 2025, Q1 2024 decreased by 30% when 22,990 units were sold. Chennai saw 4,050 units sold in Q1 2025 – 5,510 units were sold on Q1 2024 when 5,510 units were sold. Kolkata also saw 31% decline in sales – Q1 2024 from 5,650 units from Q1 2025 to 3,900 units.
