Mumbai: A recent report showed that residential property prices in 13 major cities including Delhi, Mumbai and Bengaluru have increased by 18.8% year-on-year during the October-December quarter. Gurugram (32.1%), Greater Noida (31%), Noida (26.1%) and Hyderabad (15.8%) saw the fastest year-on-year growth. Magicbricks PropIndex Report For the quarter.
These findings are drawn from data from customers using the real estate platform. Searches (which implies demand) during this period increased by 2% year-on-year, while residential supply declined by 16.9% year-on-year, with the exceptions of Mumbai and Hyderabad, which showed an opposite trend. Showed.
However, rising property prices led to a 16.9% decline in demand on a quarterly basis, according to the report. The report revealed that people prefer more spacious homes and the highest demand is for homes between 750 and 1,250 square feet. Those are two and three of the 13 cities analyzed in the report. BHK Units lead overall demand.
The report concluded that the affordable housing market flourished in Ahmedabad and Kolkata, while luxury properties were the most searched for Mumbai Metropolitan RegionNew Delhi and Gurugram.
These findings are drawn from data from customers using the real estate platform. Searches (which implies demand) during this period increased by 2% year-on-year, while residential supply declined by 16.9% year-on-year, with the exceptions of Mumbai and Hyderabad, which showed an opposite trend. Showed.
However, rising property prices led to a 16.9% decline in demand on a quarterly basis, according to the report. The report revealed that people prefer more spacious homes and the highest demand is for homes between 750 and 1,250 square feet. Those are two and three of the 13 cities analyzed in the report. BHK Units lead overall demand.
The report concluded that the affordable housing market flourished in Ahmedabad and Kolkata, while luxury properties were the most searched for Mumbai Metropolitan RegionNew Delhi and Gurugram.
(TagstoTranslate)Business News(T)Residential realty prices rise(T)Mumbai Metropolitan Region(T)MagicBricks Propindex Report(T)Gurugram(T)BHK