Due to increased demand for houses in eight major cities of the country, house prices have increased by an average of 20 percent in the last two years. This information was given in a report. The report jointly released by CREDAI, Colliers and Lias Foras says that in the last two years, prices have increased rapidly in eight cities due to strong demand.
Property prices became expensive by 20 percent in these 8 cities
These eight cities include Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR) and Pune. The report has been prepared by CREDAI, the apex body of real estate companies, real estate consultant Colliers and data analytics firm Lias Foras.
According to this, Bengaluru, Delhi-NCR and Kolkata have seen the highest average increase of 30 percent in average house prices in 2023 compared to 2021 levels. Pankaj Kapur, managing director, Lias Foras, said the real estate situation is most productive at a time when sales, supply and prices are increasing and price increases are not speculative.
