Is now a good time to buy a property in India?
Official NHB RESIDEX data puts the average carpet-area price in India at ₹7,781/sq ft for the quarter ending Jun 2026, up 6.2% from a year earlier. Over five years prices have compounded at +5.8% a year. Annual growth is running 1.8 points above the city's long-run pace of n/a.
India price trend & forecast
Cities ranked by buy-timing score
| City | Avg ₹/sq ft | 1Y change | 5Y CAGR | 12M outlook | Signal | Buy-timing |
|---|---|---|---|---|---|---|
| Bhubaneswar · Tier 2 | ₹9,272/sq ft | +4.1% | +15.2% | +7.6% | BUY | 76/100 |
| Dehradun · Tier 2 | ₹7,604/sq ft | +12.4% | +16.6% | +12.5% | BUY | 75/100 |
| Lucknow · Tier 2 | ₹6,599/sq ft | -0.4% | +11.1% | +3.5% | BUY | 69/100 |
| Visakhapatnam (Vizag) · Tier 3 | ₹6,103/sq ft | +1.3% | +8.6% | +4.6% | BUY | 69/100 |
| Ghaziabad · Tier 2 | ₹8,119/sq ft | +12.0% | +17.7% | +10.4% | BUY | 66/100 |
| Bhopal · Tier 2 | ₹4,703/sq ft | +0.5% | +9.9% | +3.2% | BUY | 65/100 |
| Guwahati · Tier 2 | ₹6,503/sq ft | +4.9% | +6.8% | +5.9% | BUY | 65/100 |
| Hyderabad · Tier 1 | ₹8,538/sq ft | +5.2% | +7.2% | +6.2% | BUY | 65/100 |
| Bidhan Nagar (Salt Lake) · Tier 3 | ₹6,329/sq ft | +4.8% | +3.9% | +5.6% | BUY | 64/100 |
| Raipur · Tier 2 | ₹3,836/sq ft | +11.0% | +8.8% | +9.2% | BUY | 63/100 |
| Indore · Tier 2 | ₹5,037/sq ft | +5.8% | +6.2% | +5.8% | BUY | 62/100 |
| Noida · Tier 3 | ₹10,710/sq ft | +11.0% | +15.9% | +9.0% | BUY | 62/100 |
| Kanpur · Tier 2 | ₹6,345/sq ft | +12.1% | +8.6% | +9.5% | BUY | 61/100 |
| Panvel · Tier 3 | ₹13,001/sq ft | +0.8% | +3.7% | +2.6% | ACCUMULATE | 61/100 |
| Patna · Tier 2 | ₹7,220/sq ft | +7.7% | +13.9% | +6.9% | BUY | 61/100 |
| Coimbatore · Tier 2 | ₹7,697/sq ft | +1.2% | +3.5% | +2.7% | ACCUMULATE | 60/100 |
| Meerut · Tier 2 | ₹5,247/sq ft | +11.5% | +8.5% | +8.8% | BUY | 60/100 |
| Navi Mumbai · Tier 2 | ₹18,847/sq ft | +4.5% | +5.4% | +4.8% | BUY | 60/100 |
| Ranchi · Tier 2 | ₹5,841/sq ft | +9.4% | +7.8% | +7.6% | BUY | 60/100 |
| Ahmedabad · Tier 1 | ₹8,118/sq ft | +7.9% | +5.3% | +6.5% | BUY | 59/100 |
| Chandigarh (Tricity) · Tier 2 | ₹7,781/sq ft | +8.3% | +9.9% | +6.7% | BUY | 59/100 |
| Gandhinagar · Tier 3 | ₹7,892/sq ft | +5.4% | +4.2% | +5.1% | BUY | 59/100 |
| Jaipur · Tier 2 | ₹5,409/sq ft | +7.1% | +7.7% | +6.2% | BUY | 59/100 |
| Kalyan Dombivali · Tier 2 | ₹9,992/sq ft | -1.7% | +1.9% | +1.0% | ACCUMULATE | 59/100 |
| Kolkata · Tier 1 | ₹8,571/sq ft | +6.9% | +6.0% | +6.0% | BUY | 59/100 |
| Gurugram · Tier 2 | ₹18,869/sq ft | +16.4% | +16.9% | +11.5% | ACCUMULATE | 58/100 |
| New Town Kolkata · Tier 3 | ₹8,757/sq ft | +11.3% | +11.3% | +8.3% | BUY | 58/100 |
| Vadodara · Tier 2 | ₹5,265/sq ft | +2.9% | +5.8% | +3.4% | BUY | 58/100 |
| Delhi · Tier 1 | ₹9,584/sq ft | +0.0% | +7.1% | +1.3% | ACCUMULATE | 57/100 |
| Surat · Tier 2 | ₹6,392/sq ft | +5.4% | +2.9% | +4.7% | BUY | 57/100 |
| Thane · Tier 2 | ₹19,032/sq ft | +3.5% | +3.6% | +3.5% | BUY | 57/100 |
| Vasai Virar · Tier 2 | ₹8,861/sq ft | +1.7% | +4.4% | +2.4% | ACCUMULATE | 57/100 |
| Pune · Tier 1 | ₹10,561/sq ft | +3.7% | +3.3% | +3.5% | BUY | 56/100 |
| Thiruvananthapuram · Tier 2 | ₹8,183/sq ft | +7.2% | +5.0% | +5.6% | BUY | 56/100 |
| Chakan · Tier 2 | ₹5,585/sq ft | +2.0% | +2.0% | +2.2% | ACCUMULATE | 55/100 |
| Mira Bhayander · Tier 2 | ₹15,742/sq ft | +9.2% | +4.4% | +6.6% | BUY | 55/100 |
| Bhiwadi · Tier 3 | ₹3,450/sq ft | +0.7% | +3.2% | +1.2% | ACCUMULATE | 54/100 |
| Mumbai · Tier 1 | ₹28,683/sq ft | +6.2% | +1.8% | +4.6% | BUY | 54/100 |
| Nagpur · Tier 2 | ₹7,342/sq ft | +10.5% | +3.0% | +7.0% | BUY | 54/100 |
| Nashik · Tier 2 | ₹5,043/sq ft | +5.2% | +2.9% | +3.9% | BUY | 54/100 |
| Pimpri Chinchwad · Tier 2 | ₹7,234/sq ft | +4.0% | +2.9% | +3.2% | BUY | 54/100 |
| Rajkot · Tier 2 | ₹6,278/sq ft | +0.7% | +2.0% | +1.2% | ACCUMULATE | 54/100 |
| Bengaluru · Tier 1 | ₹12,526/sq ft | +21.5% | +12.4% | +14.2% | HOT | 50/100 |
| Greater Noida · Tier 3 | ₹11,049/sq ft | +18.8% | +16.6% | +13.5% | HOT | 50/100 |
| Ludhiana · Tier 2 | ₹5,441/sq ft | +19.9% | +7.3% | +13.0% | HOT | 50/100 |
| Chennai · Tier 1 | ₹10,586/sq ft | +10.8% | +0.2% | +6.3% | ACCUMULATE | 49/100 |
| Vijayawada · Tier 2 | ₹5,467/sq ft | +2.2% | -0.0% | +0.9% | ACCUMULATE | 48/100 |
| Howrah · Tier 2 | ₹4,586/sq ft | +6.8% | +4.6% | +3.4% | BUY | 46/100 |
| Kochi · Tier 2 | ₹9,191/sq ft | +22.1% | +2.0% | +11.3% | HOT | 40/100 |
| Faridabad · Tier 2 | ₹8,873/sq ft | +24.4% | +5.5% | +12.2% | HOT | 38/100 |
Frequently asked questions
Is it a good time to buy a property in India?
It depends on the market. Across 50 Indian cities tracked by NHB RESIDEX (data to Jun 2026), the median price change is +6.2% year over year and the buy-timing signals split 34 BUY, 11 ACCUMULATE and 5 HOT. The most attractive timing today: Bhubaneswar (Odisha) (76/100), Dehradun (Uttarakhand) (75/100) and Lucknow (Uttar Pradesh) (69/100).
Will property prices drop in 2027?
Not everywhere. 0 of 50 markets currently carry a WAIT or CAUTION signal (a dip or correction is projected), while the median market is +6.2% year over year. Weakest right now: Kalyan Dombivali (-1.7%), Lucknow (-0.4%), Delhi (+0.0%), Bhopal (+0.5%) and Rajkot (+0.7%).
Which regions have the best buy-timing right now?
Bhubaneswar (76/100, BUY), Dehradun (75/100, BUY), Lucknow (69/100, BUY), Visakhapatnam (Vizag) (69/100, BUY) and Ghaziabad (66/100, BUY).
Where are property prices rising fastest?
Faridabad (+24.4%), Kochi (+22.1%), Bengaluru (+21.5%), Ludhiana (+19.9%) and Greater Noida (+18.8%).
Popular markets
Source & method
Data: NHB RESIDEX — HPI@Assessment Prices & carpet-area prices (National Housing Bank), quarterly, latest Jun 2026. Page regenerated 2026-10-09 10:32 IST. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.