India home prices to rise 6.5% in 2025, driven by demand from wealthy: Reuters poll
Live MintBy Rahul Trivedi and Vivek Mishra BENGALURU - Average home prices in India are set to rise steadily over the coming years driven mainly by demand from wealthy individuals, while the rising cost of living will make owning a property unattainable for most people, a Reuters poll found. After rising 4.3% last year, home prices in India - broadly referring to housing in major cities - were expected to rise 7.0% this year, 6.5% in 2025 and 7.5% in 2026, median forecasts from the Nov. 12-29 survey of 12 property market experts showed. "The stress on housing affordability will pressure more people to opt for renting, pushing the demand up in this segment," said Sunita Mishra, research lead at Housing.com and PropTiger.com With property developers focusing on the luxury market, the shortage of affordable homes continues to sideline many first-time buyers - particularly those from middle- and lower-income groups. Asked what would happen to affordability for first-time home buyers over the coming year, eight property experts said it would worsen and only four said it would improve.