Average flat size in India’s top 7 cities rose by 34% in the last six years to 1540 sq. ft. in 2024 as compared to 1145 sq. ft. in 2019. In the last one-year, average flat size rose from 1420, a rise of 8%, said a report by Anarock.
The report said that in NCR, the average flat size increased by 95% in the last six years – from 1,250 sq. ft. in 2019 to 2,435 sq. ft. in 2024.
“In the last one year, there was a 29% rise in the region. In 2023, the avg. flat size in NCR was 1,890 sq. ft. In both periods, NCR saw the highest jump among all the top 7 cities.”
Of the total 36,735 units launched in 2023, the luxury segment comprised a 40% share. In 2024, this segment accounted for 70% of the 53,000 units launched in the region. NCR’s affordable housing segment saw its supply share drop by another 13% in the last one year – from 24% in 2023 to 11% in 2024.
Anuj Puri, Chairman – ANAROCK Group said, “This surge is primarily attributable to the increased new luxury housing supply in the region over the last one year. Developers here are closely tracking and responding to demand, which is why NCR has seen significant new supply in the >INR 1.5 Cr price bracket. Size is one of the key defining characteristics of luxury homes.”
In MMR, average flat sizes remain the lowest among the top 7 cities, at 849 sq. ft. in 2024. There has been an 8% increase in 2024 against 2019 (when it was 784 sq. ft.). In the last one year, the region saw the average flat size rise by 7%.
“Chronically space-constrained MMR saw the lowest average flat size growths in this six-year period,” adds Puri.
In Hyderabad, the average flat size rose 24% in this six-year period – from 1,700 sq. ft. in 2019 to 2,103 sq. ft. in 2024. Contrastingly, between 2023 and 2024, Hyderabad was the only city to see the average flat size decrease (by 9%).
Bengaluru saw a 30% six-yearly jump – from 1,280 sq. ft. in 2019 to 1,660 sq. ft. in 2024. Between 2023 and 2024, the city saw a 12% rise.
In Kolkata, the avg. flat size saw a 15% increase in six years – to 1,149 sq. ft. in 2024 from 1,000 sq. ft. in 2019. In 2023, the avg. flat size was around 1,124 sq. ft., denoting a modest 2% yearly rise in 2024.
In Pune, the avg. flat size saw a 25% six-yearly increase – to 1,135 sq. ft. in 2024 from 910 sq. ft. in 2019. In the last one year, there has been a 4% jump in avg. flat sizes in the city.
Chennai saw a 31% jump in the last six years – from 1,100 sq. ft. in 2019 to 1,445 sq. ft. in 2024. In the last one-year period, the city saw a 15% jump in avg. flat size.
