Indian homebuyers are increasingly seeking larger living spaces, even as property prices continue to rise. According to the latest ANAROCK data, the average flat sizes in the top seven cities grew by 7% in 2024, increasing from 1,420 sq. ft. in 2023 to 1,540 sq. ft. This growth underscores a broader post-COVID shift toward spacious homes, with buyers prioritizing comfort and size.
Between 2019 and 2024, average flat sizes in these cities recorded an impressive 34% jump, rising from 1,145 sq. ft. to 1,540 sq. ft. NCR (National Capital Region) stood out, registering a staggering 95% increase over the six-year period, growing from 1,250 sq. ft. in 2019 to 2,435 sq. ft. in 2024. In the past year alone, NCR saw a 29% increase, primarily driven by a surge in luxury housing supply.
Of the total 53,000 units launched in NCR in 2024, 70% were in the luxury segment, compared to just 40% of the 36,735 units launched in 2023. This growth in supply catered to the rising demand for premium homes priced above ₹1.5 crore. In contrast, the share of affordable housing supply in NCR dropped from 24% in 2023 to 11% in 2024, highlighting the region’s growing focus on luxury homes.
“Size is a defining characteristic of luxury homes, and NCR developers are closely responding to buyer demand,” said Anuj Puri, Chairman of ANAROCK Group.
Hyderabad, which had the second-highest average flat size at 2,103 sq. ft. in 2024, was the only city to record a dip in average size. The city saw a 9% decrease from 2,299 sq. ft. in 2023. Despite this, Hyderabad recorded a 24% rise over six years, up from 1,700 sq. ft. in 2019.
Mumbai Metropolitan Region (MMR) continued to have the smallest average flat sizes among the top seven cities. The average size rose marginally by 8% over six years, from 784 sq. ft. in 2019 to 849 sq. ft. in 2024. However, it still reflected the region’s chronic space constraints and high property prices.
Other southern cities, including Bengaluru and Chennai, saw significant increases in flat sizes. Bengaluru’s average flat size rose 30% in six years, from 1,280 sq. ft. in 2019 to 1,660 sq. ft. in 2024. In the last year alone, the city saw a 12% rise. Similarly, Chennai recorded a 31% increase over the six-year period, with average sizes rising from 1,100 sq. ft. in 2019 to 1,445 sq. ft. in 2024, including a 15% jump in the past year.
Kolkata and Pune also recorded steady growth in average flat sizes. Kolkata saw a 15% increase over six years, with sizes rising from 1,000 sq. ft. in 2019 to 1,149 sq. ft. in 2024. In Pune, flat sizes increased by 25%, growing from 910 sq. ft. in 2019 to 1,135 sq. ft. in 2024.
Despite rising property prices, the increasing preference for larger homes reflects the shift in consumer priorities post-COVID, particularly in urban areas. The demand for spacious homes, particularly in the luxury segment, continues to shape the dynamics of India’s residential real estate market.
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