New Delhi, February 20, 2025: In general, villas are often more expensive than apartments due to factors like land costs and the perception of luxury living. They also hold a more promising return on investment making it a lucrative option.
According to Magicbricks, in 2024, prices of villas appreciated significantly in cities such as Navi Mumbai (55.7% YoY), Greater Noida (50% YoY) and Noida (40% YoY). Between October and December 2024, average price of a villa in Greater Noida reached INR 13500 psf as compared to INR 8900 for multi storey apartments. Similarly, prices of villas in Noida averaged INR 19600 psf as compared to multistorey apartments which averaged INR 11000 psf.
| % change in average rate of Villas (October-December 2024) | ||
| City | QoQ | YoY |
| Ahmedabad | 4.3% | 13.2% |
| Bangalore | 2.3% | 23.6% |
| Chennai | 2.4% | 28.0% |
| Greater Noida | 11.6% | 50.0% |
| Gurgaon | 3.1% | 20.0% |
| Hyderabad | 0.0% | 6.9% |
| Kolkata | 19.7% | 13.8% |
| Mumbai | 0.9% | 24.3% |
| Navi Mumbai | 1.3% | 55.7% |
| New Delhi | 0.4% | 8.2% |
| Noida | 3.7% | 40.0% |
| Pune | 4.2% | -27.1% |
| Thane | 1.8% | 20.1% |
| Avg price of Villa | Avg price of Multi Storey Apartment | |
| Ahmedabad | 12000 | 6100 |
| Hyderabad | 10800 | 7000 |
| Kolkata | 9100 | 8500 |
| Greater Noida | 13500 | 8900 |
| Pune | 12400 | 10000 |
| Noida | 19600 | 11000 |
| Bangalore | 13,100 | 11,500 |
| Chennai | 12800 | 11900 |
| Navi Mumbai | 30200 | 14100 |
| Thane | 17300 | 14100 |
| Gurgaon | 26400 | 14300 |
| New Delhi | 52,700 | 18,000 |
| Mumbai | 43500 | 34900 |
| Source: Magicbricks Research | ||
Magicbricks is India’s No.1 property site
As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with services including home loans, interiors, and expert advice.
With 17+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.