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India's top eight housing markets experienced a notable increase in prices, appreciating between 7 per cent and 19 per cent during the July-September quarter, according to a report by PropTiger. This rise is led by the robust demand and significant improvements in infrastructure across these cities. Delhi-NCR recorded the highest appreciation at 19 per cent, with the average price of homes rising to Rs 8,900 per square foot from Rs 7,479 per square foot year-on-year. Bengaluru and Hyderabad also showed strong growth, with prices increasing by 15 per cent and 13 per cent, respectively. Bengaluru's housing prices climbed to Rs 8,870 per square foot, up from Rs 7,713 per square foot, while Hyderabad saw an increase to Rs 7,750 per square foot from Rs 6,858 per square foot. Other cities also reported significant gains. Ahmedabad's prices rose by 7.9 per cent to Rs 4,820 per square foot, while Chennai's increased by 9 per cent to Rs 7,173 per square foot. Kolkata saw an 8 per cent rise to Rs 6,060 per square foot, and the Mumbai Metropolitan Region experienced a 7 per cent increase, reaching Rs 13,250 per square foot. Pune's housing prices also appreciated by 9 per cent, climbing to Rs 7,250 per square foot. Market Insights And Future Trends Industry experts attribute these trends to solid market fundamentals and a growing confidence among homebuyers. Zyad Noaman, President of CREDAI-Bengaluru, noted that Bengaluru's impressive 15 per cent year-on-year growth reflects its strong market fundamentals. He stated, "The city continues to attract both end-users and investors, reinforcing Bengaluru's position as one of India's most resilient real estate markets." Ankush Kaul, President of Sales, Marketing & CRM at Central Park, commented on the consistent upward trend in Delhi-NCR. He remarked, "The market's deepening fundamentals are driving a preference for quality and lifestyle, supported by enhanced infrastructure." Sumit Ranjan, COO of Roots Developers, highlighted that key corridors like the Dwarka Expressway are vital in driving demand due to improved connectivity and rapid infrastructure completion. Growing Demand In Real Estate The increase in housing prices across India's top eight cities indicates a sustained demand from both end-users and investors, suggesting a robust recovery in the real estate market. As cities continue to develop and improve their infrastructure, the housing market is likely to remain strong in the coming quarters.
