Property prices increased by up to 15% in a year, know in which city houses became costlier - Newztezz Online

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Sunday, August 13, 2023

Property prices increased by up to 15% in a year, know in which city houses became costlier


After the end of Kovid, the prices of houses in the country are increasing continuously. If compared to last year in the top-8 cities of the country, the prices of houses have increased by up to 15 percent.

The cost of housing in the country is continuously increasing. Compared to last year, an average increase of 8 percent has been registered in the prices of houses, while in some of the top-8 cities of the country, their prices have increased up to 15 percent on an annual basis in the April-June quarter. That is, now it is becoming difficult for the common man to buy a house. Know in which city how much the prices have increased…

This study has been done by CREDAI, an organization of real estate developers, in collaboration with Colliers Licenses Forum regarding the increase in house prices. Many shocking information has come out in the report of this study.

Highest price hike in Kolkata

In the April-June quarter of the year 2023, compared to last year, the prices of houses have increased the most in Kolkata. An increase of 15 percent has been registered in the price of housing here. This is the highest among the eight top cities of the country. After this, the second number in the list is of Delhi-NCR region. Property prices here have increased by 14 per cent in a year, while in Hyderabad, the rate of price increase has been 13 per cent.

Apart from this, this increase has been 11 percent in Pune and 10 percent in Ahmedabad-Bengaluru, while in Chennai the prices have increased by only 6 percent.

Property prices fall in Mumbai

The property rates in the country's most expensive city Mumbai are very high. But this is the only city in the top-8 cities of the country where property prices would have come down in a year. Property prices in the Mumbai Metropolitan Region have seen a decline of 3 percent as compared to last year.

Some of the most expensive areas of the country are in Mumbai only. It includes South Bombay as well as Branda and Kurla.

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