Indian Metros Witness Surge in Property Prices: Geetanjali Homestate's Q2 2024 Report
Mumbai, Delhi, and Bangalore lead the growth in property prices, with Noida/Greater Noida and Gurugram emerging as top performers.
Property PricesIndiaReal EstateGeetanjali HomestateQ2 2024 ReportMumbaiDelhiBangaloreNoidaGurugramHyderabadChennaiKolkataAhmedabadPuneReal Estate MumbaiJul 10, 2024
According to the report, Mumbai, Delhi, and Bangalore have shown significant quarter-on-quarter growth in property values. Mumbai's average property prices ranged from Rs 21,900 to Rs 22,200 per square foot in Q2 2024, up from Rs 20,200 to Rs 20,500 in Q1 2024. Delhi's average prices rose to Rs 11,480 to Rs 11,780 per square foot, while Bangalore saw the most remarkable increase, with average prices rising to Rs 9,500 to Rs 9,800 per square foot.
Noida/Greater Noida and Gurugram were the top performers, with average property prices increasing by 20.8% and 10.09%, respectively. Hyderabad, Chennai, and Kolkata also witnessed moderate growth, while Ahmedabad showed a stable growth pattern. Pune saw substantial growth, with average property prices ranging from Rs 7,460 to Rs 7,700 per square foot.
The report provides valuable insights for buyers, investors, and developers, emphasizing the dynamic and evolving nature of the Indian real estate market. Sunil Sisodiya, Founder of Geetanjali Homestate, commented, 'The Indian real estate market is undergoing a dynamic transformation, with significant growth in property prices across major cities. This upward trend is indicative of the robust demand and the increasing investment in infrastructure and quality housing.'
Geetanjali Homestate's comprehensive report highlights the importance of understanding the nuances of the Indian real estate market, providing a comprehensive analysis of the top 10 cities in the country.
Frequently Asked Questions
Which cities have shown significant growth in property prices according to Geetanjali Homestate's Q2 2024 report?
Mumbai, Delhi, and Bangalore have shown significant quarter-on-quarter growth in property values.
Which cities were the top performers in terms of property price growth?
Noida/Greater Noida and Gurugram were the top performers, with average property prices increasing by 20.8% and 10.09%, respectively.
What is the average property price range in Mumbai according to the report?
The average property prices in Mumbai ranged from Rs 21,900 to Rs 22,200 per square foot in Q2 2024.
What is the year-on-year growth in property prices in Bangalore according to the report?
The year-on-year growth in property prices in Bangalore was 21%.
What is the purpose of Geetanjali Homestate's comprehensive report?
The report provides valuable insights for buyers, investors, and developers, emphasizing the dynamic and evolving nature of the Indian real estate market.
Tags:
Related News Articles
Navi Mumbai Surges Ahead with 23% Sales Growth in 2024, Outpacing Greater Mumbai and Thane
A recent report from Anarock Property Consultants highlights a dramatic 23% increase in apartment sales in Navi Mumbai, while Greater Mumbai and Thane experienced declines in 2024. The study also notes a reduction in new supply across the regions, particu
Sanjay Raut Alleges Tensions Between Fadnavis and Shinde Affecting Maharashtra's Progress
Shiv Sena (UBT) MP Sanjay Raut claims that the strained relationship between Chief Minister Devendra Fadnavis and Deputy CM Eknath Shinde is hindering the state's progress. Raut writes that the lack of communication between the two leaders is turning thei
AT&T Secures $850 Million in Sale-Leaseback Deal with Reign Capital
AT&T has sealed a significant $850 million sale-leaseback deal with Reign Capital, a move that underscores the company's strategic focus on optimizing its real estate portfolio. This transaction not only provides AT&T with immediate financial benefits but
Short-Term Leasing in Mumbai: Is it Possible to Rent a Property for 2-6 Months?
While Mumbai's real estate market typically favors long-term leases, property owners can rent out their properties for shorter durations, albeit at a premium rate.
The Shocking Murder of Baba Siddique: A Detailed Unfolding of Events
The murder of NCP leader Baba Siddique sent shockwaves through Mumbai, with the police investigating multiple angles, including ties to the Lawrence Bishnoi gang. The attackers' initial plan to use pepper spray went awry, leading to a deadly outcome.
The Growth of Managed Office Spaces in Pune: A Hub for Flexibility and Expansion
Pune, 25 November 2024: The Indian office market has seen a significant shift towards managed office spaces in Pune, offering flexibility and growth opportunities for businesses of all sizes.