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Tag: property prices

Property prices continue to rise across top 8 cities: Report

Property prices in India’s 8 prime residential markets firmed up further in the past one year amid a spike in the cost of construction, according to the data by online property brokerage firm PropTiger.com. Average property prices in most cities analysed experienced double-digit growth in the third quarter of 2024 (Q3CY2024) compared to the same…

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Rising land costs, approval delays hit new project launches, property sales

Bengaluru: Land acquisition challenges and rising land prices are weighing on new project launches and property sales in India. Also, delays in securing approvals, particularly for converting farm land for development, are stretching project starting timelines to 10-14 months or more compared to up to six months previously.Tier I cities such as Mumbai, Delhi-NCR, Bengaluru,…

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Demand for 3BHK units account for over 50 pc in major cities: Magicbricks report

The demand for 3BHK units has emerged as the dominant choice among homebuyers, accounting for over 50 per cent of the total demand in most major cities across India, according to the latest PropIndex Report by Magicbricks.As residential demand surged by 12.3 per cent quarter-on-quarter between July and September 2024, 3BHK units remained the most…

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Top 8 Indian cities witness 3% sequential rise in housing prices in June quarter

Positive homebuyer sentiment and steady demand have kept the momentum strong in the residential market across major Indian cities. Average housing prices across the top eight Indian cities have witnessed a 3% sequential growth in June quarter, showed a CREDAI-Colliers-Liases Foras joint study.Interestingly, quarterly price movements at India level have been almost similar at about…

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property prices: Housing sales across India’s top 7 cities expected to witness double digit growth in FY25

MUMBAI: The residential sales across India’s top seven cities are expected to witness double digit growth in 2024-25. The area sold in Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Hyderabad, Pune, Kolkata, Chennai is likely to increase 10-12% to 785-800 million sq ft in the current financial year, on a high base of…

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