Average flat size in Mumbai Metropolitan Region lowest in top 7 cities in 2024

The average flat size in Mumbai Metropolitan Region MMR remains lowest as top seven cities see a growth of 8 per cent annually in 2024 from 1420 sq ft in 2023 to 1540 sq ft in 2024 according to ANAROCK data In 2019 the average flat sizes in Delhi NCR MMR Hyderabad Bengaluru Kolkata Pune and Chennai was 1145 sq ft indicating a whopping 34 per cent sixyear jumpldquoChronically spaceconstrained MMR saw the lowest average flatsize growth in this sixyear periodrdquo said Anuj Puri Chairman of ANAROCK Group ldquoThe 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 ftrdquo he saidA deepdive into the data shows that at 29 per cent NCR saw the highest annual growth of average flat size ndash from 1890 sq ft in 2023 to 2435 sq ft in 2024 said 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 gtINR 15 Cr price bracket Size is one of the key defining characteristics of luxury homes he addedPicANAROCK ResearchCity HighlightsThe sixyearly trend of average flat sizes in the top seven cities shows an overall 34 per cent rise from 1145 sq ft in 2019 to 1540 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 periodIn NCR the average flat size increased by 95 per cent in the last six years from 1250 sq ft in 2019 to 2435 sq ft in 2024 In the last one year there was a 29 per cent rise in the region In 2023 the average flat size in NCR was 1890 sq ft In both periods NCR saw the highest jump among all the top 7 citiesIn MMR average 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 average flat size rise by 7 per centIn Hyderabad the average flat size rose 24 per cent in this sixyear period from 1700 sq ft in 2019 to 2103 sq ft in 2024 Contrastingly between 2023 and 2024 Hyderabad was the only city to see the average flat size decrease by 9 per centBengaluru saw a 30 per cent sixyearly jump from 1280 sq ft in 2019 to 1660 sq ft in 2024 Between 2023 and 2024 the city saw a 12 per cent riseIn Kolkata the average flat size saw a 15 per cent increase in six years to 1149 sq ft in 2024 from 1000 sq ft in 2019 In 2023 the average flat size was around 1124 sq ft denoting a modest 2 per cent yearly rise in 2024In Pune the average flat size saw a 25 per cent sixyearly increase to 1135 sq ft in 2024 from 910 sq ft in 2019 In the last one year there has been a 4 per cent jump in average flat sizes in the cityChennai saw a 31 per cent jump in the last six years from 1100 sq ft in 2019 to 1445 sq ft in 2024 In the last oneyear period the city saw a 15 per cent jump in average flat size