New Delhi: In general, villas are often more expensive than apartments due to factors like land costs and the perception of luxury living. They also hold a more promising return on investment making it a lucrative option.
According to Magicbricks, in 2024, prices of villas appreciated significantly in cities such as Navi Mumbai (55.7% YoY), Greater Noida (50% YoY) and Noida (40% YoY). Between October and December 2024, average price of a villa in Greater Noida reached INR 13500 psf as compared to INR 8900 for multi storey apartments. Similarly, prices of villas in Noida averaged INR 19600 psf as compared to multistorey apartments which averaged INR 11000 psf.
|
% |
||
|
City |
QoQ |
YoY |
|
Ahmedabad |
4.3% |
13.2% |
|
Bangalore |
2.3% |
23.6% |
|
Chennai |
2.4% |
28.0% |
|
Greater |
11.6% |
50.0% |
|
Gurgaon |
3.1% |
20.0% |
|
Hyderabad |
0.0% |
6.9% |
|
Kolkata |
19.7% |
13.8% |
|
Mumbai |
0.9% |
24.3% |
|
Navi |
1.3% |
55.7% |
|
New |
0.4% |
8.2% |
|
Noida |
3.7% |
40.0% |
|
Pune |
4.2% |
-27.1% |
|
Thane |
1.8% |
20.1% |
|
Avg |
Avg |
|
|
Ahmedabad |
12000 |
6100 |
|
Hyderabad |
10800 |
7000 |
|
Kolkata |
9100 |
8500 |
|
Greater |
13500 |
8900 |
|
Pune |
12400 |
10000 |
|
Noida |
19600 |
11000 |
|
Bangalore |
13,100 |
11,500 |
|
Chennai |
12800 |
11900 |
|
Navi |
30200 |
14100 |
|
Thane |
17300 |
14100 |
|
Gurgaon |
26400 |
14300 |
|
New |
52,700 |
18,000 |
|
Mumbai |
43500 |
34900 |
|
Source: |
||