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33% surge in property prices since 2020 in top Indian cities: Anarock
The Business Guardian
|November 25, 2023
The average price of residential real estate in major marketplaces in the top seven Indian cities has increased significantly over the past three years, driven by a robust demand for housing.
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Anarock, a real estate consultancy, released research data showing that, out of all the major micro-markets, Gachibowli in Hyderabad had the biggest increase in average residential prices over the previous three years (October 2020-October 2023), rising by 33 per cent. Kondapur followed with a 31 per cent increase.
In Gachibowli, the average residential prices as of October 2023-end stand at approximately Rs 6,355 per sq. ft. In the corresponding period of 2020, average prices in this locality were Rs 4,790 per sq. ft.
This story is from the November 25, 2023 edition of The Business Guardian.
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