Continuous Rise in Price of Housing Across the Indian Cities

Continuous Rise in Price of Housing Across the Indian Cities

Housing prices are escalating, followed by good sales, and Delhi tops the list.

Almost every top city in India has a huge growth in the sales of residences despite the elevated price ranges. Just a year ago, there was a difference of 8 per cent in the price range. And the demand is increasing each day, and so is the price!

Among all of the prime real estate markets, the capital city has the highest elevation in real estate prices, with a difference of 18 per cent from the last year! The second city on this list is Kolkata, and the third is Bengaluru.

In Kolkata, the price difference in real estate from the past year is around 15 per cent, and in Bengaluru, it is approximately 14 per cent.

CREDAI President Boman Irani said, “Despite the rise in housing prices, which is primarily owing to rising raw material costs and this consistent demand, we expect the strong momentum to continue as consumers have shown a clear appetite to buy new, bigger houses with better amenities – especially in the post-pandemic era.”

Peush Jain, Managing Director of Occupier Services at Colliers India, says that after the pandemic in the country, residential real estate has kicked off and is increasing daily. The housing sector has also been providing the highest levels of quality, affordability and meeting the buyers’ expectations in the country.

The Managing Director of Liases Foras, Pankaj Kapoor, says that in the year 2022-2023 (the financial year), there have been so many new launches and several sales across so many major cities in the country and this trend of increment in this field is going to increase a lot which will result in the growth of sales and the supply rate!