Residential housing prices in Delhi-NCR jumped by 30% year-on-year in Q2 2024, the highest among top eight cities in India. Bengaluru saw a 28% year-on-year increase in housing prices.
DelhincrHousing PricesReal EstateIndiaCredaiColliersLiases ForasReal EstateAug 28, 2024
Delhi-NCR saw the highest increase in housing prices in Q2 2024, with a 30% year-on-year increase.
The average housing prices across the top eight cities increased by 12% year-on-year in the second quarter of 2024.
The Periphery & Outer East micro markets in Bengaluru witnessed the highest price rise at 42% year-on-year.
MMR alone has about 40% share in unsold inventory levels, with over 10 lakh housing units available across the primary market of eight major cities.
The government’s recent partial rollback pertaining to long-term capital gains arising out of the sale of land and buildings retrospectively is expected to boost investors and homeowners’ sentiment and thus, the real estate sector at large.
Lavasa, a hillside resort four hours from Mumbai, was meant to be India's answer to Portofino, but it has turned into a crumbling ghost town with $1 billion in liabilities and 5,000 lingering residents.
Average rental values have surpassed capital values in Bengaluru, Pune, Kolkata, and Chennai, while NCR, MMR, and Hyderabad saw the opposite trend.
Macrotech Developers, a leading real estate company, has reported a 21% increase in sales bookings to a record Rs 4,290 crore during the July-September period, driven by strong housing demand.
In a significant move, BNP Paribas has leased a prime office space in Mumbai's Business District, BKC, at a record rental rate of Rs 811 per square foot. This deal highlights the resilience of the Mumbai real estate market despite economic challenges.
Explore the luxurious lifestyle of Bollywood actors Huma Qureshi and her brother Saqib Qureshi, who have recently rented a premium villa in Juhu, one of Mumbai's most sought-after localities. Discover what makes Juhu a favorite among the stars.
India's real estate sector is facing a significant setback as the Maharashtra government recently raised the ready reckoner rate, leading to a sudden crash in real estate stocks. This move has caused widespread concern among developers, investors, and homebuyers.