Under-construction housing prices rise 30.6% in January-March ▶ Under-construction residential project prices in India's top 13 property markets surged by 30.6% year-on-year from January to March, driven by heightened demand, as per the latest PropIndex report by Magicbricks. ▶ Demand for under-construction properties increased by 7.8% sequentially during the quarter, resulting in a 1.7% price growth. ▶ Noida and Greater Noida experienced significant on-quarter price rises of 7.1% and 6.1%, respectively, while Bengaluru and Mumbai saw 5.7% sequential price growth each. ▶ Historically, homebuyers have favored completed projects, but there's been a noticeable shift towards more affordable under-construction properties due to escalating residential prices in 2023. ▶ This shift in preference has led to a rise in prices of under-construction properties across the board. . . . . . . . . #propertymarket #RealEstateTrends #Homebuying #HousingPrices #IndiaRealEstate #underconstruction #ResidentialProperty #realestate #realestateindia #hubandoak
Interesting news
Insightful
Well said
Informative
Great news
Student at Delhi University
8moThanks for sharing