blod images

Highest increase in housing price is Delhi-NCR in Year 2023

Prices of residential land during the index period of July to September have witnessed the highest annual price increase of 14 per cent at an average ₹7,741 per square foot. The report also highlights the different segments in Delhi-NCR which proposed a faster pace of sale. CREDAI ( The Confederation of Real Estate Developers’ Associations of India ) explained that up to September 2012, there were just 2,584 lots sold across Delhi-NCR

The report observes that “Because of the positive impact of the lockdown, some are optimistic about performance. With the real estate sector in Delhi-NCR witnessing the Highest increase in housing price is Delhi-NCR highest price gains last year, some are optimistic about the market economy. Particularly those industries which were currently disrupted; for example, those in the travel and hospitality sectors.” 

“Since the beginning of 2023, house prices have been rising on the back of increased demand since last year, paired with rising input prices.”

After Delhi’s metro prices took a plunge in 2017, analysts have also predicted that the Kolkata metro will do the same. According to data, as per the recent data scopes, the average housing prices in Kolkata rose 12 percent YoY to ₹6,594 per square feet in the July-September.

The Indian Mortgage & Investment Corporation, or MMR, builders’ choice, with the rise in significant new launches, witnessed a rise in unsold inventories for the fifth quarter in a row. Stately Homes, a housing segment oriented towards NRIs, recorded the highest rise in prices of 10 percent, followed by Western Suburbs (beyond Dahisar) with an increase of 8 percent. The Panvel residential segment, on the contrary, recorded the lowest rise in prices of 2 percent followed by Bandra and Powai in Mumbai with an increase of 5 percent and 4 percent, respectively, in the report. Highest increase in housing price is Delhi-NCR

Colliers India CEO Ramesh Nair said the rise in inflation and hike in input costs have put upward pressure on housing prices pan India.

The Confederation of Real Estate Developers & Associations of India or CREDAI represents over 13,000 real estate developers from across 221 cities in 21 states.


Are You Looking For
your Dream Home In Chattarpur?

Our Related Blogs

Is Buying Flats Safe in Chattarpur? | Bhavishya Nirman Developers

21 Sep 2023

You might think Is Buying Flats Safe In Chattarpur or not. If you are planning to buy a flat/apartment or builder floor in the vicinity of Chattarpur, Sultanpur and Ghitorni then you are at the right place because you will get the complete understanding on this topic whether Is Buying Flats Safe in Chattarpur because chattarpur is very nice place to live and famous for its green environment and connectivity to all other places.

Read More

Top 5 Tips For First Time Home Buyers in Delhi

21 Sep 2023

Top Tips before buying flats in South Delhi.

Read More

2 BHK Flats in Chattarpur

30 Oct 2023

If you are disappointed by paying rent repeatedly on a monthly basis then buy 2 BHK Flats in Chattarpur and convert your monthly rent into monthly EMI. Bhavishya Nirman Developers provides affordable 2 bhk flat price in Chattarpur.

Read More

Is Chattarpur Delhi a Good Area?

15 Oct 2023

Are you planning to shift to Chattarpur? Whenever you plan for something like this, one question always comes to your mind. Is Chattarpur Delhi an excellent area and place to stay? Chattarpur is one of the best locations in south Delhi near the foothills of Aravalli. This place is popular for some of its ancient temples. So, if you are considering investing in a flat in this location, this post is a must-read for you. It entails the reasons that make Chattarpur Delhi a great place to settle.

Read More

Explore Area Wise


Design & Development By - Bhavishya Nirman Developers

  • whatsapp-image