Housing Price in India A report released by CREDAI real estate consultant Colliers India and data analytics firm Liases Foras, the apex body of realtors It has been said that the price of houses in Delhi NCR has increased by 14 percent in the June quarter. Among the top 8 cities in the country, only Mumbai saw a drop in prices.
Home prices in Delhi-NCR have increased by an average of 14 per cent year-on-year during the April-June quarter. However, the cost of homes in the Mumbai Metropolitan Region (MMR) declined by 3 per cent. These things were said in a joint report of CREDAI, Colliers India and Liases Foras.
Realtors’ apex body CREDAI, real estate consultant Colliers India and data analytics firm Liases Foras released a joint report stating that house prices in the country rose by an average of 7 per cent year-on-year in the second quarter of this calendar year due to strong demand. A boom has been seen.
According to the data released in the report, the prices of houses in Kolkata have seen a jump of 15 percent on an annual basis. It is followed by Delhi-NCR with 14 percent and Hyderabad at number three with 13 percent.
Of the eight major cities in the country, only the MMR region saw a reduction in prices. Prices fell 3 per cent to Rs 19,111 per sq ft due to increased new supplies and rise in unsold inventory. Housing prices in Ahmedabad rose by 10 per cent year-on-year to Rs 6,507 per sq ft in the April-June quarter. Also, prices in Bengaluru have increased by 10 per cent to Rs 8,688 per sq ft and in Chennai by 6 per cent to Rs 7,653 per sq ft. Rates in Delhi-NCR have increased by 14 per cent to Rs 8,652 per sq ft.
Home prices in Pune increased by 11 per cent to Rs 8,549 per sq ft, residential properties in Kolkata increased by 15 per cent to Rs 7,315 per sq ft and Hyderabad by 13 per cent to Rs 10,530 per sq ft.