Housing price of new projects jump over 145% in two Delhi-NCR areas in 5 years; check property price rise in your city
The report highlights that Gurugram has experienced the most significant increase in newly-launched housing prices, jumping from Rs 7,500 per square foot in 2019 to Rs 19,500 per square foot in 2024. It marks an increase of 160% in five years.
Noida has experienced a price jump from Rs 6,500 in 2019 to Rs 16,000 in 2024, reflecting a rise of 146% in five years. Bengaluru prices has risen from Rs 5,051 in 2019 to Rs 10,020 in 2024, a notable increase of 98% in five years. In Hyderabad, the price rose from Rs 4,686 in 2019 to Rs 8,500 in 2024, representing an 81% rise in five years. Chennai recorded a surge from Rs 4,451 in 2019 to Rs 8,023 in 2024, indicating an 80% rise during the five-year period.
In contrast, Mumbai saw a more modest jump of 37%, with prices moving from Rs 25,820 per square foot to Rs 35,500 per square foot during the same period.
Between 2019 and 2024, approximately 15,000 projects, including apartments, floors, and villas, were launched in these top 10 cities, which include Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Thane, Navi Mumbai, Pune, Noida, and Gurugram.
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