Top Indian cities with growing real estate values!

According to a combined effort by the real estate group CREDAI and domain specialists Colliers and Liases Foras, home prices have exceeded pre-pandemic levels and are rising because of increased demand and growing building material prices. Below are the top eight cities with the highest increases in real estate prices. (Photo courtesy of Shutterstock)

Mumbai | Housing costs in the Mumbai Metropolitan Region increased by 1% to Rs 19,677 per square foot. According to the research, MMR still has the biggest proportion of unsold inventory at 36%, and it had a 14% increase in unsold inventory in the previous year.

Chennai | During the June quarter, real estate prices in Chennai increased by 1%, with an average carpet price of Rs 7,129 per square foot. 

Bengaluru | Real estate prices in Bengaluru increased by 4%, with an average carpet price of Rs 7,848 per square foot. Meanwhile, Bengaluru’s inventory backlog fell by the most, by 21 percent year on year. 

Pune | During the preceding quarter, home prices in Pune increased by 5% to Rs 7,681 per square foot. Pune experienced a 13 percent increase in unsold inventories.

Kolkata | Residential property prices in Kolkata have increased by 8% to Rs 6,362 per square foot.

Hyderabad | Housing prices in Hyderabad increased by 8% year on year, reaching Rs 9,218 per square foot in the April-June quarter. 

Ahmedabad | During the April-June quarter, real estate prices in Ahmedabad increased by 9 percent year on year to Rs 5,927 per square foot.

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