The average housing prices in pan India jumped 9% year-on-year to Rs 10,226 per sq ft during the fourth quarter of 2023, according to a report released by CREDAI, Colliers and Liases Foras. The surge in prices was led by notable growth in housing demand, especially in mid and luxury segments, the report stated.
All eight cities — Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), and Pune saw an increase in housing prices in Q4.
and Sarjapur.
Housing prices increased 11% year-on-year in Q4 in Kolkata. “Sub-markets such as Outer Kolkata and East Kolkata showed the highest annual surge at about 32% and 27% respectively due to strong demand, given their proximity to IT zones,” the report mentioned. Around 63% of the unsold units fell in the affordable-and-mid segment, of which the majority were in East Kolkata.
11% year-on-year rise,” the report said. Another interesting trend is that around 95% of the unsold inventory is under construction in the southern city, reflecting positive developer sentiments amidst promising demand from the IT workforce and upcoming infrastructure plans.
Read Full Economictimes Article:-Housing prices hike 61% in this Delhi-NCR area, 42% in Hyderabad in a year; how much return can you get from property?
