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Housing prices spike up to 65 per cent in top 30 tier II cities: Report
The Statesman
|December 06, 2024
The weighted price of new launch projects in top 30 tier II cities rose up to 65 per cent between 2023 and October 2024, a report by PropEquity said on Thursday.
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Out of these, 25 cities witnessed a rise in prices while 5 cities saw a decline.
As per the report, cities like Bhopal, Mohali, Sonepat, Trivandrum and Mysore saw housing prices fall by up to 26 per cent.
It said that in North India, Jaipur saw the highest rise in weighted average price of new launch projects at 65 per cent from Rs 4240 per sq. ft. to Rs 6979 per sq. ft. between 2023-October 2024.
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