Avg Housing Prices In Jan-Mar Stable: PropTiger

New Delhi: Average housing prices across Mumbai Metropolitan Region (MMR), Delhi-NCR, Chennai and Pune remained stable during the January-March period compared to the previous quarter, according to PropTiger.

Data of real estate brokerage firm PropTiger, a part of REA India that owns Housing.com, showed that prices in Bengaluru and Hyderabad grew 5 per cent each while Ahmedabad and Kolkata saw an appreciation of 4 per cent each.

The consultant noted that residential property prices have continued to rise year-on-year, but the pace of growth has clearly moderated in recent quarters. "The moderation in price growth observed over the past few quarters indicates a stabilising market dynamic, likely encouraging the return of end-users previously displaced by speculative activity,” said Dhruv Agarwala, Group CEO, Housing.com & PropTiger.com.