Outlook Money
Recent research by PropTiger shows that residential property prices across India’s top cities have increased over the past year, though the rate of growth varies.
Home prices grew by 10 per cent, staying affordable but steadily increasing by Rs 4,402 per square ft.
Bengaluru prices rose 12 per cent thanks to the city’s strong tech sector—the average price for Q4 2024 was Rs 7,536 per square ft.
Chennai saw a 16 per cent rise, the average price of Q4 2024 were observed to be Rs 7,173 per square ft.
Property values in Delhi NCR surged 49 per cent, the highest among all cities, the average price for per square ft Q4 2024 is set to be Rs 8,105.
After years of high growth, Hyderabad prices rose just 3 per cent this year with average per square feet is Rs 7,053.
Home prices in Kolkata increased by 10 per cent, with steady demand in suburban areas. The average rate per square feet were observed at Rs 5,633.
Mumbai Realty Prices rose 18 per cent pushed by luxury projects. The average prices per square ft were found to be Rs 12,600.
Pune saw a 16 per cent price hike due to IT expansion. It observed the average price of Rs 7,108 per square ft.