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India Gazette
2 days ago
- Business
- India Gazette
Indian residential real estate market grows 3.5 per cent in Q2 2025, continues upward trajectory
New Delhi [India], July 7 (ANI): India's residential property market continued its upward trajectory in Q2 2025, posting a 3.5 per cent quarter-on-quarter (QoQ) increase in capital values, according to the latest PropIndex report released by Magicbricks. The report signals a period of steady yet stabilising growth, backed by resilient buyer demand and strong infrastructure development. The April-June 2025 edition of the PropIndex highlights a 4.6 per cent QoQ rise in demand, indicating a robust and dynamic property landscape. However, year-on-year (YoY) demand showed minimal change, with a modest 0.3 per cent increase. However, a notable trend seen in this quarter is slowdown in new housing supplies, it hits its lowest point in five quarters. Despite this, buyer interest remained strong, particularly in the affordable housing segment. Units priced below Rs 30 lakh and 1BHK homes continued to experience demand exceeding supply, creating competitive pricing pressures. Regionally, IT hubs such as Bengaluru, Hyderabad, Gurugram, and Noida showed a clear preference for larger 2BHK and 3BHK homes, accounting for nearly 80 per cent of demand in these cities. Meanwhile, the Mumbai Metropolitan Region (MMR) maintained its focus on compact living, with 1BHK and 2BHK units leading buyer interest. Cities with ongoing infrastructure development witnessed the strongest price appreciation. Pune (39.4 per cent YoY), Greater Noida (35.3 per cent YoY), and Kolkata (33.2 per cent YoY) stood out, driven by enhanced connectivity and major projects like the Navi Mumbai International Airport and Mumbai Trans Harbour Link. Commenting on the findings, Prasun Kumar, Chief Marketing Officer at Magicbricks, noted, 'The Q2 2025 PropIndex clearly indicates a maturing Indian real estate market, driven by genuine end-user demand and the transformative impact of infrastructure.' (ANI)
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Business Standard
22-04-2025
- Business
- Business Standard
Goa, Kanpur, Lucknow top the charts in property appreciation in 2025
Real estate in Tier 2 cities is increasingly outperforming Tier 1 counterparts in capital appreciation, according to the latest analysis by Magicbricks, a real estate platform in India. Fueled by infrastructure expansion, increasing affordability, and rising demand, Tier 2 cities are rapidly becoming the new growth hubs, delivering strong returns and capturing investor interest. The northern region is witnessing a pronounced surge in Tier 2 performance. According to Magicbricks, the average capital appreciation across tier 2 cities stands at 17.6%, outpacing Delhi's 15.7% by a significant margin. Kanpur takes a lead with a remarkable appreciation of 24.53% YoY followed by Lucknow at 22.61% YoY appreciation, both surpassing the national capital in terms of capital appreciation. While the average price in Delhi is Rs 18,618 psf, Lucknow (Rs 6394 psf), Kanpur (Rs 6986 psf), Dehradun (INR 5653 psf) and Jaipur (Rs 5654 psf) emerged as relatively affordable cities with competitive infrastructure to invest in. "Tier 2 cities in North India are no longer secondary markets—they're becoming prime investment destinations. With expanding infrastructure, increasing supply of modern housing, and rising demand from young professionals and first-time buyers, these cities are poised to play a major role in India's real estate growth over the next decade. Similarly, tier 2 towns in western India present a compelling investment opportunity, registering 22.3% appreciation—closing in on Mumbai's 20.3%. Goa, in particular, emerged as a frontrunner, recording an extraordinary 66.37% YoY capital appreciation, with average price touching Rs 13290 psf as against Rs 28921 psf in Mumbai. This spike positions Goa as one of the most dynamic markets in the region, driven by demand for second homes, rental yields, and tourism-linked investments," said Prasun Kumar, Chief Marketing Officer, Magicbricks. Affordability + Growth: Cities like Lucknow (₹6,394 psf), Kanpur (₹6,986 psf), and Dehradun (₹5,653 psf) offer lower entry points compared to Delhi (₹18,618 psf). Kochi (16.55%) beats Chennai (11.9%) in capital appreciation in South India; Patna leads in the East with 15.12%. Drivers of growth: Expanding infrastructure, increasing demand from young buyers, affordability, and rise in second-home and rental yield investments.
