With this robust growth in the last year, India climbed 18 spots to 14th rank in the index. Average annual price growth stood at 3.5%, according to Knight Frank Global House Price Index – Q3 2023. Several factors contributed to the rise in property prices including a pent-up demand, a desire to upgrade, and a willingness to spend more for better and modern amenities.
Property prices are fairly high in India. It perhaps comes as no surprise then that buying versus renting is among the top 5 searches on Google related to financial planning. So, should you rent or buy? We crunch data to help you decide.