Summary:

Housing prices in India's top seven cities — Delhi NCR, MMR, Bangalore, Pune, Hyderabad, Chennai, and Kolkata — are expected to rise by 13% to 30% in 2024, driven by increasing input costs and strong demand, according to Anarock. Delhi NCR experienced the highest growth, with prices rising 30% from US$ 68.03 (Rs. 5,800) per sq. ft. in 2023 to US$ 88.56 (Rs. 7,550) per sq. ft. Other markets like MMR, Bangalore, and Hyderabad also saw significant growth.

In 2024, property sales in the top seven cities fell by 4%, while sales value increased by 16%, from US$ 57.24 billion in 2023 to US$ 66.62 billion. MMR sold 1,55,335 units, followed by Pune with 81,090. Premium home demand skyrocketed, with new premium supply up by 24%. New launches dropped by 7%, mainly due to project delays and elections. Mr. Puri of Anarock predicts consistent growth in 2025, supported by robust demand and developer supply.

Source: IBEF 

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.