Real estate demand remains steady, driving growth in housing prices across major Indian cities, with Delhi and Bengaluru seeing the highest growth rates.
Real EstateHousing PricesIndiaDelhiBengaluruReal Estate PuneAug 26, 2024
Delhi NCR and Bengaluru have witnessed the highest growth in housing prices, with Delhi NCR seeing a 30% year-on-year growth and Bengaluru seeing a significant price appreciation.
Unsold inventory levels have declined up to 5% on a quarterly basis across the top eight cities, with Pune recording the highest annual decline in unsold units at 13%.
The industry is expected to continue growing, driven by steady demand and a relatively stable lending ecosystem.
CREDAI National is the apex body of real estate developers in India, representing over 13,000 members across the country.
The growth in housing prices signifies the underlying demand for real estate in India and the shift towards real estate as a preferred asset class.
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