home constant The rising prices have shattered the dreams of the middle class to buy a house. After the Corona epidemic, house prices have almost doubled in most cities of the country. Due to this, now employed people, earning Rs 50 to 60 thousand per month, are removing the thought of buying a house from their mind. Once again there has been a report of increase in house prices. Let us tell you that the average prices of houses in eight major cities of the country increased by 10 percent on an annual basis in the January-March quarter. That means a property worth Rs 50 lakh has become worth Rs 55 lakh in just three months. Bengaluru saw the highest increase of 19 percent.
Prices increased by 16% in Delhi-NCR
According to a joint report by real estate consultant Colliers India and data analytic company Liases Foras, prices in eight cities have increased by four per cent to 19 per cent. According to the data, average house prices in Bengaluru rose 19 percent year-on-year to Rs 10,377 per square foot in January-March, 2024. It was Rs 8,748 per square foot in the same period last year. According to the data, prices have increased by 16 percent in Delhi-NCR, 13 percent in Ahmedabad and Pune, nine percent in Hyderabad, six percent in Mumbai Metropolitan Region (MMR), seven percent in Kolkata and four percent in Chennai. .
Due to this the price increased
Pankaj Kapur, managing director of Liases Foras, said property prices across the top eight cities in India have witnessed a significant growth of 10 per cent year-on-year with strong sales and new supply launches. This demand in the real estate sector is expected to remain strong with moderate inflation and interest rates. CREDAI Chairman Boman Irani said the rise in housing prices is a direct result of strong housing demand by homebuyers across the country, especially in the premium and luxury segments.
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