If you are also thinking of buying a house in a big city, then definitely read this news because buying property in Delhi NCR has become expensive and buying a house in Mumbai has become cheaper. Let’s know the price of the property
New Delhi : If you are planning to buy a house in Delhi-NCR, then this news can shock you. Yes, in the second (April-June) quarter of the current calendar year, the prices of houses in the Delhi-National Capital Region (NCR) have increased by 14 percent on an annual basis. At the same time, the prices in the Mumbai Metropolitan Region (MMR) have decreased by three percent. This information has been given in a report.
Rising rates due to strong demand
According to a joint report by CREDAI, Colliers India and Liaises Foras, house prices in eight major cities increased by 7 per cent year-on-year in the second quarter due to strong demand. According to the report, the prices of houses in Kolkata increased the most on an annual basis by 15 percent. This was followed by an increase of 14 per cent in Delhi-NCR and 13 per cent in Hyderabad.
Out of eight cities, only Mumbai rates fall
The report says that out of eight cities, only in MMR (MMR) prices fell by three per cent in the April-June quarter. There the price came down to Rs 19,111 per sq ft. Pankaj Kapur, Managing Director, Liaises Foras said that a large number of new projects were implemented in the housing market last year. This speed remains constant. The rising supply has kept the price rise moderate.
CREDAI National President Boman Irani said that the pace of sales across the country reflects the positive sentiments of home buyers. Piyush Jain, Managing Director, Colliers India said that there has been a steady upward trend in housing prices across the country in the last 10 quarters. As per the report, housing prices rose 11 per cent year-on-year in the April-June quarter in Pune, 10 per cent in Ahmedabad, 10 per cent in Bengaluru and 6 per cent in Chennai.
