Bengaluru and Hyderabad Lead India's Real Estate Boom with Home Prices Soaring
Home prices in key locations of Bengaluru and Hyderabad have surged by as much as 90% over the last five years, driven by growing demand for Indian IT services and professionals.
Real EstateHome PricesBengaluruHyderabadIndiaReal Estate NewsAug 30, 2024
\n\nAccording to data, over the last five years, home prices in key locations of Bengaluru and Hyderabad have surged by as much as 90%. For instance, Bagaluru, a suburb in the northern tip of Bengaluru near the international airport, has seen home prices rise by 90% between 2019 and mid-2024. Improved connectivity in the region, with the airport metro line nearing completion, has contributed to the surge in demand for the locality. Additionally, many new homebuyers now seek larger homes with ample greenery away from the city center, further driving demand.
Frequently Asked Questions
What is the main reason for the surge in home prices in Bengaluru and Hyderabad?
The growing demand for Indian IT services and professionals, especially after the COVID-19 pandemic, has significantly increased the demand for new homes in these two metros, pushing prices up substantially.
Which area in Bengaluru has seen the highest rise in home prices?
Bagaluru, a suburb in the northern tip of Bengaluru near the international airport, has seen home prices rise by 90% between 2019 and mid-2024.
What is the current trend in the real estate market in India?
The real estate market in India is experiencing a boom, with home prices rising significantly in major cities such as Bengaluru and Hyderabad.
Which city has recorded the highest jump in home prices?
Hyderabad recorded the highest jump of 64% between 2019 and H1 2024, followed by Bengaluru with a 57% increase.
What is the outlook for the real estate market in India?
The real estate market in India is expected to continue growing, driven by increasing demand for housing and commercial spaces.
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