भारतीय शहर — दस साल का भाव इतिहास
An honest starting point
एक ईमानदार शुरुआत
Requests for "the last ten years of Indian city price growth" assume a dataset that is not published in that form. What exists is:
- Two official quarterly index series — NHB RESIDEX and the RBI House Price Index — which run for many years and can be pulled city by city from their own portals, but are indices rather than rupee prices, and have had methodology and base-year changes over the period.
- Consultancy data from firms such as ANAROCK, which does publish rupee-per-square-foot averages for the top seven cities, but on a rolling basis and typically over five years rather than ten.
- Portal and broker data, which is abundant, granular, locality-level — and unaudited.
This page gives what is sourced. It does not fill the gaps with estimates, because a fabricated ten-year table would be more dangerous than an honest partial one.
The five-year picture, city by city
पाँच साल का शहरवार चित्र
ANAROCK's analysis covering 2019 to the first half of 2024 reported the top seven cities collectively appreciating over 44% in average residential price across the period, with a wide spread between cities:
| City | Price appreciation, 2019 → H1 2024 |
|---|---|
| Hyderabad | 64% |
| Bengaluru | 57% |
| Delhi-NCR | 48% |
| Mumbai Metropolitan Region | 48% |
| Kolkata | 25% |
Source: ANAROCK Research, reported August 2024. Pune and Chennai figures were not stated in the reporting consulted.
The recent two years
पिछले दो साल
| Period | Top-7 average | Change |
|---|---|---|
| End 2023 | Rs 7,080 per sq ft | — |
| End 2024 | Rs 8,590 per sq ft | +21% |
| End 2025 | ~Rs 9,260 per sq ft | +8% |
The deceleration from 21% to 8% in a single year is the most important number on this page. ANAROCK reported city-level 2025 appreciation mostly in the 4–9% range against 13–27% in 2024, with Delhi-NCR the outlier at 23%.
The most recent official quarter
ताज़ा सरकारी तिमाही
NHB RESIDEX for October–December 2025, 50-city composite, year-on-year:
| City | Y-o-Y change |
|---|---|
| Gurugram | +22.8% (highest of 50) |
| Bengaluru | +12.7% |
| Chennai | +8.2% |
| Ahmedabad | +6.8% |
| Kolkata | +6.7% |
| Mumbai | +3.7% |
| Pune | +3.5% |
| Hyderabad | +3.2% |
| Raipur | −8.9% (lowest of 50) |
| 50-city composite | +5.0% |
Note Hyderabad. It led the five-year table at 64% and sits near the bottom of the latest quarter at 3.2%. Cities do not stay in the same position, and a five-year leader is not a forecast.
How to pull the full series yourself
पूरा डेटा खुद कैसे निकालें
- NHB RESIDEX portal — city-level indices, downloadable, quarterly, covering 50 cities. This is the single best free source for a long city series.
- RBI House Price Index — ten cities including Jaipur, built from registration authority transaction data, available through RBI's statistical publications.
- Read the methodology notes before comparing across years. Base years and city coverage have changed over the period, and an index is not a price.
- For a specific locality, the only real source is registered transaction data from the Sub-Registrar — which is what Level 4, Lesson 2 taught you to build comparables from.
Jaipur and Rajasthan
जयपुर और राजस्थान
Jaipur is one of the ten cities in the RBI House Price Index, so an official series does exist for it.
Beyond that, the position needs stating carefully. A number of striking growth figures for Jaipur circulate — including claims of roughly 60–65% growth between 2020 and 2025, and a widely repeated figure of 98.2% growth in 2025 said to lead all Tier-2 cities. These come from broker and developer publications, not from audited or official sources, and we have not been able to verify their methodology. We are not repeating them as fact and neither should you.
And the number that does not exist
जो आँकड़ा है ही नहीं
There is no index, official or commercial, for agricultural land prices in a Rajasthan tehsil. Nobody publishes what a bigha of बारानी land near Naraina traded at in 2016 versus 2026.
Anyone who quotes you such a series has constructed it, and you should ask from what. The honest answer for our own belt is that the evidence base is registered transactions, read parcel by parcel — which is exactly why Level 2 and Level 4 are built the way they are.