Top 8 costliest cities in India for real estate

India’s real estate sector is on boom thanks to rising incomes and infrastructure expansion. But this also means that property prices are at new highs in many cities across the country. Have a look at top 10 costliest cities in India for real estate according to magicbricks.com.

In 2025–26, there are some cities where demand for premium real estate is growing every day. The prices are attracting both wealthy homebuyers and investors.

Mumbai remains the undisputed real estate capital! It continues to be the costliest city in India for real estate. The main reason behind it is the limited land availability, increasing demand, and concentration of wealth. As per property market data, prices in Mumbai’s premium regions like South Mumbai, Bandra, Juhu and Worli can range anywhere ₹59,275 per sq. ft, Cuffe Parade ₹55,960 per sq. ft, Tardeo ₹47,223 per sq. ft, and Bandra West ₹44,509 per sq. ft.

The Delhi NCR region includes New Delhi, Gurugram (Gurgaon), and Noida. It is on the number two spot on the list. Areas such as Lutyens’ Delhi and South Delhi are known for their premium properties, while Gurugram and Noida have grown as high-end residential and commercial regions. According to the MagicBricks list, top localities in Delhi include Jor Bagh (₹55,660 per sq. ft) and Golf Links (₹23,735 per sq. ft), among others.

Kolkata is noted for its rich cultural heritage. Its real estate industry is growing rapidly because of increasing housing demand. As the third costliest city in India, Kolkata offers many housing alternatives. Premium real estate can be found in regions like Park Street (₹27,758 per sq. ft), Bhawanipur (₹10,461 per sq. ft) and Tollygunge, among others.

Bengaluru has one of the country’s most expensive real estate. Premium localities here include Jayanagar (₹18,837 per sq. ft), Indira Nagar (₹17,408 per sq. ft), Koramangala (₹16,997 per sq. ft) and Malleshwaram. There’s a strong demand from the IT sector and IT professionals.

Once a relatively affordable alternative within Maharashtra, Pune these days has become one of the costliest cities for residential property. Growth in IT and IT professionals in the city has boosted demand in premium localities like Koregaon Park, Kalyani Nagar and Baner. Property prices here typically range between ₹9,000 and ₹25,000 per sq ft.

Chennai is on sixth position on the list. Areas including Nungambakkam and Adyar often range significantly above city averages. Chennai’s inclusion shows strong housing demand and higher living costs. The city’s robust manufacturing base and port connectivity has also contributed to this.

Hyderabad has a fast-growing premium market. The thriving tech and biotech sectors, business-friendly policies, and favourable infrastructure. Areas like Gachibowli, HITEC City, and Raidurg have recorded impressive valuations. But still Hyderabad remains slightly more affordable.

Ahmedabad too has made it to the list of expensive cities due to rising property valuations in prime areas. Premium developments around SG Highway, Prahlad Nagar, and Satellite add to the real estate cost pressure. Still, the city remains affordable compared to other cities in India.