As the veil lifts on 2024, property end-users and investors in and around Pune are firming up their New Year s resolution to achieve home ownership this year.
Among the top seven areas, Hyderabad saw the highest increase of 42% in the average price of premium homes in the five-year period. The price rose from Rs 7,450 per sq ft in 2018 to Rs 10,580 per sq ft during the first half of 2023, as per ANAROCK Research data. Know how much residential property prices have risen in your city
Property prices have surged in the last few years, driven by various factors such as increased input and construction costs, rising land prices, and heightened demand. Moreover, there is a noticeable shift in homebuyer preferences towards larger homes with enhanced amenities, contributing to the upward trajectory of prices. Know how much residential property prices have risen in your city, as per ANAROCK Research.
Mumbai Property Rates: Explore the latest property rates in Mumbai on Moneycontrol. Stay informed about the current Mumbai property prices, real estate market trends, and housing developments projects in Mumbai to make informed decisions.
Mumbai has recorded the sixth highest year-on-year growth in prime residential property prices among global cities in the April-June period of 2023. With a hike of 3.6 per cent year-on-year in Q2 2023, Bengaluru ranked at 20th position on the list. Prime Global Cities Index is a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide. Knight Frank has also provided the forecast for 26 global prime residential markets for the year 2024. Read on