Housing prices rise 7% in June quarter
Delhi NCR witnessed a 14% year-on-year rise in housing prices during the April-June quarter.
Delhi NCR witnessed a 14% year-on-year rise in housing prices during the April-June quarter.
India’s eight key primary residential markets saw appreciating property prices, with Ahmedabad (10.8%), B’luru (9.4%), Chennai (6.8%) in top 3
Delhi-NCR saw the highest increase in residential prices at 14% year-on-year, followed by Kolkata and Ahmedabad.
Property prices in Mumbai, Bengaluru and Chennai appreciated 1% each, says report.
Covid-19 has given rise to a convergence between “luxury real estate” and “quality of life,” where the two are now seen as being synonymous. People now want houses with more facilities.
Given end consumers and societal norms have historically driven the asset class, the next five years are likely to be one of the biggest golden periods for the sector.