 "Housing, Houses, Apartments, residential building")
Chennai, Hyderabad, Kolkata, and MMR (Mumbai Metropolitan Region) witnessed no quarterly change in average housing prices, according to the Housing Price Tracker Report Q2 2024 by CREDAI, Colliers, and Liases Foras. However, overall, the top eight Indian cities reported a steady quarter-on-quarter (QoQ) increase of 3 per cent and a year-on-year (YoY) increase of 12 per cent in prices.
The top eight cities are Ahmedabad, Bengaluru, Chennai, Delhi NCR (National Capital Region), Hyderabad, Kolkata, MMR, and Pune.
Delhi NCR reported the highest quarterly increase in average prices (16 per cent), led by the recent pick-up in luxury segment launches in micro-markets like Dwarka Expressway and Greater Noida. Prices in Bengaluru increased by 8 per cent, while those in Ahmedabad and Pune increased by 2 per cent.
The quarterly price movements in India have remained almost similar, at about 3 per cent, for the last four quarters, on the back of “positive homebuyer sentiment and steady demand, which have kept the momentum strong in the residential market."
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