The report suggests that the price appreciation in Delhi-NCR is attributed to rising demand for high-end properties. Read more to know the details.
DelhincrHousing PricesReal EstateProperty MarketHighend PropertiesReal Estate MumbaiOct 28, 2024
Delhi-NCR saw the highest increase in housing prices, with a rise of 57 percent to ₹8,017 per square foot from ₹5,105 per square foot.
The increase in housing prices in Delhi-NCR is attributed to rising demand, particularly for high-end properties, and the Reserve Bank's decision to maintain the repo rate, which adds pressure on pricing.
Hyderabad saw the lowest increase in housing prices, with a modest appreciation of 7 percent.
The Reserve Bank's decision to maintain the repo rate at 6.5 percent over the past 10 policy meetings has added pressure on pricing, as developers and buyers continue to pay a relatively high interest on loans.
The key factors driving the rise in housing prices in other cities include rising demand for quality residential projects, enhanced infrastructure, and improved connectivity and lifestyle amenities.
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