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The sharp increase in housing prices in Delhi-NCR was despite higher supply and a marginal fall in sales during the 2024 calendar year.
There has been a significant increase in prices of land and labour as well as construction costs.
As per the Anarock data, the housing sales dropped 6 per cent to 61,900 units in the last year from 65,625 units in the preceding year.
The fresh supply of housing properties in Delhi-NCR rose 44 per cent to 53,000 units in 2024 from 36,735 units in the preceding year.
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