The country's two major IT hubs, Bengaluru and Hyderabad, are experiencing an unprecedented surge in home prices, driven by growing demand for Indian IT services and professionals.
Real EstateBengaluruHyderabadHome PricesIndian It ServicesReal Estate MumbaiAug 30, 2024
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.
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.
The commercial and residential hub in the west of Hyderabad, which includes a special economic zone, is currently one of the most sought-after locations in the state, with average home prices jumping 89% since 2019.
The Delhi-NCR market has also made its presence felt with two locations in Haryana, with the Dwarka Expressway region ranking fourth in terms of price growth, and New Gurugram seeing a 48% increase in home prices.
According to Anarock Group, the top seven cities collectively saw over 44% price appreciation in the last five years, with Hyderabad recording the highest jump of 64% between 2019 and H1 2024.
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