See how house prices have risen in top 6 cities in India
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Delhi/NCR property prices
In Delhi/NCR, the average price per sq ft is Rs.8,449, and has risen 16.2% Y-o-Y and 3.4% Q-o-Q. 3 BHK units are the most in demand in Delhi, led by rapid urbanisation and growth of job opportunities in NCR. Dwarka, Greater Kailash, Uttam Nagar, Rohini and Mathura Road are the key micro markets in demand.
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Mumbai property prices
In Mumbai, the average price per sq ft is Rs 12,162, which has risen 20.7% Y-o-Y and 0.9% Q-o-Q. 2 BHK units now account for 43% of the demand and 42% of the supply. The micr markets in high demand include Worli-Lower Parel, Malad-Kandivali, Andheri East-Jogeshwari East, Chembur and Borivali-Dahisar.
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Hyderabad property prices
The average price per sq ft in Hyderabad is Rs 6,019, which has risen 5.5% Y-o-Y and 1.6% Q-o-Q. Mid-range houses prices at Rs 5,000-10,000 per sq ft account for 87% of the total demand and 64% of the supply, indicating a preference for affordability and modernity. Gachibowli, Kondapur, Miyapur, Medchal Highway and Kukatpally are the micro markets with high demand.
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4/6
Bengaluru property prices
The average property price per sq ft is Rs.11,010 in Bengaluru, and has risen 27.4% Y-o-Y and 8.6% Q-o-Q. Buyers are preferring 2-BHK and 3-BHK units, and properties priced at Rs.8,000-12,000 per sq ft have captured a large share of total demand. Whitefield, Sarjapur Road, Electronic City, Bellary Road and Thanisandra are the high demand micro markets.
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Chennai property prices
In Chennai, the average property price per sq ft is Rs.9,332, which has risen 15.6% Y-o-Y and 5.2% Q-o-Q. Apartments ranging from 750-2,000 sq ft are most in demand, accounting for 92% of the total demand and 77% of the supply. Key micro markets are Old Mahabalipuram Road, Central Chennai, Ambattur, Medavakkam-Selaiyur and Chromepet-Pallavaram.
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Pune property prices
The average property price in Pune is Rs 9,486 per sq ft, which has risen 20.8% Y-o-Y and 7.8% Q-o-Q. The highest demand is for properties priced above Rs 10,000 per sq ft, accounting for 45% of the total demand and 36% of the supply. Hadapsar, Kondhwa-Wanwadi, Baner, Airport Road and Wakad include key micro markets.
(Source: ET Wealth Edition Jan 20, 2025 - Jan 26, 2025)
(Source: ET Wealth Edition Jan 20, 2025 - Jan 26, 2025)