Over the course of 2 years, housing prices in Pune and Mumbai have experienced a growth of 20%
According to a report by CREDAI, Colliers, and Liases Foras, housing prices in the eight major cities of India, including Pune and the Mumbai Metropolitan Region, have witnessed an increase of approximately 20% over the past two years.
Comparing 2021 to 2023, there has been a growth of around 30% in the mid and luxury segments in Bengaluru, Delhi NCR, and Kolkata.
In Mumbai, housing prices saw an annual increase of 4% in 2023.
Cities like Bengaluru, Hyderabad, Kolkata, Mumbai, and Pune have witnessed a two to two-and-a-half-fold increase in the launching of new properties over the past two years.
Moreover, it is anticipated that there will be continued growth in housing demand and supply in Tier II and III areas in 2024.
The rise in housing prices is attributed to robust demand, a conducive buying ecosystem, healthy macro-economic factors, and an increase in construction material costs.
Similar News
Monsoon Deluge Exposes PMC Road Repair Failures
28 Sep 2023
Amnesty Scheme to Reduce Stamp Duty Deficit
02 Dec 2023
Historic Bhide Wada Set for Redevelopment by PMC
06 Dec 2023
PMC Approved Bus Bay on Nagar Road
12 Dec 2023
PMC Phased Approach to Repair 40 Aging Bridges
08 Jan 2024
Long Weekend से Pune-Satara Highway पर लगा लंबा!
27 Jan 2024
आखिर कब Open होगा Pune Airport का New Terminal?
06 Feb 2024
Pune Areas to Experience Water Shortage Tomorrow
07 Feb 2024
PMC demolishes 29 Hilltop Properties
09 Feb 2024
PMC under scrutiny for repeated budget inflation
03 Apr 2024
Pune Battle Against Rising Garbage-Related Fires
08 Apr 2024
IMD Warns Dry Conditions Challenge 125 Districts
19 Apr 2024
Residents Sweat Through Frequent Power Outages
28 Apr 2024
BSI to Open New Botanical Garden in Mundhwa
27 Aug 2024
