Indian Housing Prices Rise Significantly

Recent reports indicate a significant surge in housing prices across various cities, with an average annual increase of 12% in eight major cities during the April-June quarter. Notably, Delhi-NCR led the appreciation with a remarkable 30% rise, while Bengaluru and Ahmedabad reported increases of 28% and 13% respectively. Over a five-year period, Bengaluru's Bagaluru saw the highest price growth at 90%, followed closely by Hyderabad's Kokapet with an 89% increase. This trend reflects a broader shift towards real estate as a preferred asset class, driven by high demand, new supply, and improving economic conditions. Analysts believe that the stability in inflation and potential interest rate cuts further bolster confidence in the housing market. The data suggests a strong inclination towards mid and luxury segments in housing developments, particularly in thriving urban areas.