India real estate market — prices, rental yield and trend

• Average price: $1,205 / m²
• Gross rental yield: 2.85%
• 12-month price change (USD): -4.9%
• Net rental yield: 2.75%
• Transaction cost: 9.5%
• Bubble-risk band: moderate
• Price basis: national average

Residential property in India averages $1,205 per square metre — -4.9% in dollar terms over twelve months, so a dollar buyer pays less than a year ago. That makes it the 256th most expensive of the 264 markets in the set. In local currency the same twelve months read +4.2%; the 9.1-point gap is the exchange rate, not the housing market.

What a buyer pays in India

The $1,205 figure is a national average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 9.5% of the price here. On a 100 m² apartment at the average price that is roughly $11,448 on top of the $120,500 purchase price. That is close to the 9.5% median across the set. Inside India we track 3 local markets separately: Mumbai at $5,890 (388.8% above the national figure) down to Bengaluru at $1,892.

What it earns

A square metre lets for about $2.9 a month. Against a purchase price of $1,205 per square metre that is 2.9% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 288th of 311 markets by gross yield. Rental income is taxed at 1.8–9.1% — the rate is not a single number here. That is the difference between 2.6% and 2.8% net on the same property. The 2.8% net figure we publish uses 3.6%.

How the tax works. Strongly progressive: under the Income-tax Act 2025 (in force from 1 April 2026) rental income gets a 30% standard deduction (§ 22(1)(a)) and is then taxed at the new-regime slabs plus 4% cess; the § 87A rebate is not available to non-residents. That gives 2–9% across typical rent levels. Cash-flow note: the tenant must withhold 31.2% (§ 393(2)), most of which is recovered by filing a return. Source: incometax.gov.in.

Where the price sits against its own history

Prices are -3.6% over five years and +9% over ten in local terms. Today’s level is within 4.1% of the country’s own long-run trend, so the price is close to where its own history would put it. Glopra’s bubble-risk score for India is 57 out of 100 — moderate risk. Of the 65 markets scored, 34 read higher.

India house price index, 2016–2026 (2016 = 100)

Rebased to 100 in 2016, the index stands at 151.6 in 2026. The series is in local currency, and the twelve-month numbers above show how much of that a dollar buyer actually keeps.

Who can buy in India

Freehold for NRI/OCI holders only; agricultural land not permitted. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for India is built from asking prices from listings. It was last refreshed on 2026-10-15. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: globalpropertyguide.com · outlookbusiness.com · numbeo.com. Snapshot: 2026-10-15.