Panvel’s Housing Price Surge Outshines Prime Worli in MMR: Peripheral Areas Outpace City Centers in Growth

Mumbai’s peripheral Panvel recorded a 58% surge in housing prices, outshining Worli’s 37% growth over six years. ANAROCK Research reveals similar trends across India, where improved connectivity and infrastructure have boosted peripheral areas, making them strong competitors to traditional prime locations. Explore the rising demand for affordable, spacious housing.

Housing Prices Continue to Rise Across India’s Top Cities, Up 11% YoY in Q3 2024: CREDAI-Colliers-Liases Foras Report

Housing prices across India’s top eight cities saw an 11% year-on-year rise in Q3 2024, marking the 15th consecutive quarter of growth. Delhi NCR recorded the highest price increase at 32%, followed by Bengaluru with a 24% rise. Unsold inventory continued to decline, signaling a steady demand despite market stabilization.

Capital Appreciation and Rising Rental Yields Boost Investor Confidence in Indian Real Estate

Magicbricks’ Housing Sentiment Index shows growing investor confidence in the Indian real estate market, fueled by rising capital appreciation and rental yields. Noida and Greater Noida lead the index, while luxury properties see heightened demand, reflecting a positive outlook for the sector.

Residential Demand Rises 12.3% QoQ with 8.3% Capital Appreciation

The latest PropIndex Report from Magicbricks highlights a notable 12.3% increase in residential demand and an 8.3% rise in prices from July to September 2024. Noida, Gurugram, and Greater Noida have seen the most significant price increases, indicating a robust market driven by both homeownership and investment interest.

Know How Much your Housing Price will Increase?

A Reuters poll forecasts a 7.8% rise in India’s house prices for 2024, primarily driven by luxury real estate demand. The CREDAI Housing Price Tracker reveals substantial price hikes in Bengaluru, Hyderabad, and Delhi NCR, while Mumbai’s prices remain stable.