Summary:

According to the Property Price-Tracker Report by CREDAI, Colliers, and Liases Foras, property prices in India’s eight largest cities rose by 11% year-on-year in Q3 FY24, driven by high demand and favorable market sentiment. Average prices increased for the 15th consecutive quarter, reaching US$ 129.91 (₹11,000) per square foot. Delhi-NCR led with a 32% YoY rise, followed by Bengaluru at 24%.

In Q3 FY24, Delhi-NCR’s housing prices rose to US$ 135.08 (₹11,438) per sq. ft., up from US$ 102.21 (₹8,655) last year. Bengaluru’s prices climbed to US$ 138.68 (₹11,743), compared to US$ 111.85 (₹9,471) in the same period last year. This upward trend across major markets reflects sustained demand and positive buyer sentiment. Prices are based on carpet area.

Source: IBEF 

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