Average Flat Sizes Up 8% in Top 7 Cities in 2024, NCR Sees 29% Jump

Mumbai, January 22, 2025: Even as housing prices rose across cities in 2024, homebuyers continued to seek bigger living spaces, says the latest ANAROCK data. The findings show that average flat sizes in the top 7 cities rose by 8 per cent annually in 2024 – from 1,420 sq. ft. in 2023 to 1,540 sq. ft. in 2024. Back in 2019, the avg. flat sizes in these cities was 1,145 sq. ft., indicating a whopping 34 per cent jump over six years.

“A deep-dive into the data shows that at 29 per cent , NCR saw the highest annual growth of average flat size – from 1,890 sq. ft. in 2023 to 2,435 sq. ft. in 2024,” says ANAROCK Group Chairman Anuj Puri. “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 >₹1.5 crore price bracket. Size is one of the key defining characteristics of luxury homes.”

Of the total 36,735 units launched in 2023, the luxury segment comprised a 40 per cent share. In 2024, this segment accounted for 70 per cent of the 53,000 units launched in the region. NCR’s affordable housing segment saw its supply share drop by another 13 per cent in the last one year – from 24 per cent in 2023 to 11 per cent in 2024.

“Chronically space-constrained MMR saw the lowest average flat size growths in this six-year period,” adds Puri. “The average flat size in MMR was 784 sq. ft. in 2019 and increased by 8 per cent 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 top 7 cities, NCR recorded the highest average flat size at 2,435 sq. ft. in 2024, followed by Hyderabad with 2,103 sq. ft. Average flat sizes in the other southern cities – Chennai and Bengaluru – were 1,445 and 1,660 sq. ft. respectively in 2024. Kolkata’s average flat size stood at 1,149 sq. ft. while in Pune, it was 1,135 sq. ft in 2024.

Notably, average flat sizes across the top 7 cities are rising despite significantly increased property prices. The 6-year trend indicates a significant jump in average flat sizes post-COVID, and this is driven by actual demand. Flat sizes are increasing because of significant and consistent traction in the luxury segment.

City Highlights

• The six-yearly trend of average flat sizes in the top 7 cities shows an overall 34 per cent 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 per cent jump, with Hyderabad the only city to see flat sizes decrease in this period.
• In NCR, the average flat size increased by 95 per cent in the last six years – from 1,250 sq. ft. in 2019 to 2,435 sq. ft. in 2024. In the last one year, there was a 29 per cent rise in the region. In 2023, the avg. flat size in NCR was 1,890 sq. ft. In both periods, NCR saw the highest jump among all the top 7 cities.
• In MMR, avg. flat sizes remain the lowest among the top 7 cities, at 849 sq. ft. in 2024. There has been an 8 per cent increase in 2024 against 2019 (when it was 784 sq. ft.) In the last one year, the region saw the avg. flat size rise by 7 per cent .
• In Hyderabad, the average flat size rose 24 per cent in this six-year period – from 1,700 sq. ft. in 2019 to 2,103 sq. ft. in 2024. Contrastingly, between 2023 and 2024, Hyderabad was the only city to see the average flat size decrease (by 9 per cent ).
• Bengaluru saw a 30 per cent 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 per cent rise.
• In Kolkata, the avg. flat size saw a 15 per cent increase in six years – to 1,149 sq. ft. in 2024 from 1,000 sq. ft. in 2019. In 2023, the avg. flat size was around 1,124 sq. ft., denoting a modest 2 per cent yearly rise in 2024.
• In Pune, the avg. flat size saw a 25 per cent 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 per cent jump in avg. flat sizes in the city.
• Chennai saw a 31 per cent 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 per cent jump in avg. flat size.