Real Estate: Real estate has emerged as a better option for investment in the last 3 years. Prices have increased in the big cities of the country in the last 15 quarters. In this context, if you are thinking of investing in property for investment, then this is a better option for you.
This growth in real estate has come in both luxury apartments and compact starter homes. Here we will tell you in detail how much real estate prices have increased in which cities.
Prices increased more here than in Bengaluru
After Mumbai, if any city is considered expensive in real estate, it is Bengaluru, but in the third quarter of 2024, the price of real estate in Delhi-NCR has increased the most compared to Bengaluru. According to a report by CREDAI Colliers Liaises Foras, among the major 8 cities of the country, the highest prices have increased by 32 percent in Delhi-NCR.
| City | quarter to quarter | year to year |
| Ahmedabad | 4% | 16% |
| Bengaluru | 5% | 24% |
| Chennai | 1% | 2% |
| Delhi-NCR | 1% | 32% |
| Hyderabad | 1% | 3% |
| Kolkata | -2% | 3% |
| Mumbai | 1% | 4% |
| Pune | 2% | 10% |
Where did the prices increase in Delhi-NCR?
Housing prices in Delhi-NCR have increased by 32 percent in the third quarter of 2024, with the highest increase of 50 percent in Dwarka Expressway and Golf Course Extension areas. If the increased price of real estate in Delhi-NCR is compared with 2020, it has increased by 75 percent. Whereas in Bengaluru this price has increased by only 24 percent. At the same time, there has not been much change in the prices of real estate in Mumbai and Pune.
Decline in real estate in these cities
More than 10 lakh houses are ready in 8 major cities of the country, but there is no one to buy these houses. Because of this, a decline in prices has been seen here in the third quarter of 2024. If we look at the data of property sales, the maximum annual decline of 40 percent has been seen in Mumbai and 13 percent annual decline has been seen in Pune. At the same time, Chennai and Kolkata have also seen a decline of 7-9% annually.