Noida's residential prices jumped 41% YoY to ₹1.05 crore, driven by infrastructure projects, premium housing demand, and the upcoming Jewar Airport. Greater Noida saw a 13% rise to ₹61 lakh, signaling strong market recovery and investor confidence in Delhi-NCR.
India's residential market nearing price correction due to weak home sales, forcing builders to cut prices, reports CBRE, with Mumbai, Chennai, Hyderabad, and Delhi experiencing significant sales drops.
JLL India predicts marginal appreciation in residential unit prices over the next 6 months, driven by improving affordability and demand, despite current market slowdown.
Despite 10-25% drop in property prices since 2008 and lower bank rates, homes remain unaffordable for India's growing middle class.
Mumbai's realty market sees price hike of 5-15% across developments, with high-end flats in Mahalaxmi selling at ₹25,000/sqft, a 25% rise from comparable properties.
National Housing Bank aims to expand NHB Residex to all cities with a population of over one million by the end of next year.
Kolkata realtors to hike residential unit prices by Rs 100-500/sq ft due to 25% increase in construction costs, amid 12.98% inflation rate.
India's 5-year property boom may end with 15-20% price drop due to increased housing supply, rising borrowing costs, and market rout.