Despite a significant jump in residential prices across the major cities, bigger homes continue to attract homebuyers. The average flat sizes in the top 7 cities grew by 32% in the last five years – from 1,145 sq. ft.
in 2019 to 1,513 sq. ft. in H1 2024 with NCR witnessing the highest growth at 96% in average flat size in the last five years, a report by Anarock Research showed.
It observed that the average flat size across these major cities, including NCR, MMR, Bengaluru, Kolkata, Hyderabad and Chennai increased from 1,145 square feet in 2019 to 1,513 square feet in the first half of 2024 (H1 2024), the report showed. Also Read: Average flat sizes in top seven cities rise by 11% in 2023; Delhi-NCR witnesses highest growth in average apartment size NCR saw the most dramatic increase, with average flat sizes growing from 1,250 square feet in 2019 to 2,450 square feet in the first half (H1) of 2024. This was largely driven by an upward trend in luxury apartment supply.
Besides seeing the highest rise of 96% in average flat size in the last five years, NCR has also recorded the highest rise in the last six months. In NCR, the average flat size increased by 96% in the last five years - from 1,250 sq. ft.
in 2019 to 2,450 sq. ft. in H1 2024.
In the last six months, the average sizes increased by 30% in the region. In 2023, the average flat size here was 1,890 sq. ft.
In both periods, NCR saw the highest jump among the top seven cities. Of approximately 24,300 units launched in .