Property Market, India’s multistory housing market has seen a tremendous jump in the last 5 years. According to data from the property website, the average prices of the apartment have increased by about 87% since 2021, the prices of flat in Delhi-NCR and Gurugram have increased faster.
NCR Growth hotspot made
Delhi-NCR has emerged as the biggest face of this change. Flat prices rose to 166% in Gurugram and Greater Noida also saw a jump of 163%. Mumbai still remains the most expensive housing market in India, where prices rose 107%. At the same time, tech cities like Bangalore (105%), Hyderabad (90%) and Pune (92%) also Growth In Important Roll Rhetoric are Are,
elder Houses of Demand Increased
The rental market is also hot
Not only the cell-sequence, there has been a tremendous bounce in the rental market. In the last 5 years, fares of multistory flats have increased by 227%. Inflation and people’s mobile lifestyle have made the fare option more popular.
No size, value increased
Interestingly, while the average area of apartments has increased just 15%, prices rose manifold. That is, people are not much space, but to pay more money for premium location and modern lifestyle Are ready. However, the new project launch has declined by 5% and the reisle has decreased by 3%. This means the market now Middle More than class, high-end buyers and rental people are hinged.