NEW DELHI: The average flat sizes in the seven cities rose by 8% annually in 2024 from 1,420 sq ft in 2023 to 1,540 sq ft in 2024, according to Anarock.
The six-yearly trend of average flat sizes in the seven cities shows an overall 34% rise – from 1,145 sq ft in 2019 to 1,540 sq ft in 2024. In the last one year, there has been a 8% jump, with Hyderabad being the only city to see flat sizes decrease in this period.
Anuj Puri, chairman, Anarock Group said, “A deep-dive into the data shows that at 29%, NCR saw the highest annual growth of average flat size – from 1,890 sq ft in 2023 to 2,435 sq ft in 2024. 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 >Rs 1.5 crore price bracket.”
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.
Puri further said, “The average flat size in MMR was 784 sq ft in 2019 and increased by 8% to 849 sq ft in 2024. From 2020 onward, the average size in MMR was the highest in 2024, at 849 sq ft.”
Among the seven cities, NCR recorded the highest average flat size at 2,435 sq ft in 2024, followed by Hyderabad with 2,103 sq ft.
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 average 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 average flat size was around 1,124 sq ft, denoting a modest 2% yearly rise in 2024.
In Pune, the average 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 avergae 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 average flat size.
