Home prices in India's top cities rose 23%, driven by higher demand for luxury housing.

Home prices in India's top seven cities have increased by 23% in the first half of the current fiscal year, reaching Rs 1.23 crore. Despite a 3% drop in unit sales, the total sales value rose by 18% due to higher demand for luxury housing post-pandemic. The National Capital Region saw the biggest spike, with a 56% increase in average ticket sizes, while cities like Bengaluru and Hyderabad also experienced significant growth.

November 20, 2024
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