Delhi-NCR sees highest 24% rise in housing prices among top 7 cities in July-Sept: Anarock

The 24 per cent surge in NCR's housing prices marks a structural realignment in end-users' behaviour. We are seeing homebuyers prioritising ownership in well-planned, lifestyle-led cities, seeking residences that reflect both aspiration and stability -- Manoj Gaur, Gaurs CMD

New Delhi: Delhi-NCR's primary housing market saw an average increase of 24 per cent annually during the July-September period due to better demand, especially for luxury homes, according to Anarock.

Real estate consultant Anarock data showed that the average price of residential properties across Delhi-NCR at Rs8,900 per sq ft during July-September from Rs7,200 per square foot in the year-ago period.

Gurugram, Noida, Greater Noida, Delhi, and Ghaziabad are major markets in Delhi-NCR.

Overall, across seven major cities of India, the consultant mentioned that the housing prices rose 9 per cent to Rs 9,105 per sq ft from Rs 8,390 per sq ft.

Among seven cities, Delhi-NCR saw the maximum rise of 24 per cent.

Mumbai Metropolitan Region (MMR) remained the most expensive housing market.

Housing prices in MMR rose 6 per cent to Rs17,230 per sq ft from Rs16,300 per sq ft.

In Bengaluru, the prices appreciated by 10 per cent to Rs8,870 per square foot from Rs8,100 per square foot.

The prices of residential properties in Pune increased 4 per cent to Rs7,935 per square foot from Rs 7,600 per square foot.

In Hyderabad, the prices rose 8 per cent to Rs7,750 per square foot from Rs7,150 per sq ft. The average housing prices in Chennai increased 5 per cent to Rs7,010 per square foot from Rs6,680 per sq ft.

Housing prices in Kolkata rose 6 per cent to Rs6,060 per sq ft during July-September from Rs5,700 per sq ft in the corresponding period of the preceding year.

Gaurs CMD Manoj Gaur, said, "The 24 per cent surge in NCR's housing prices marks a structural realignment in end-users' behaviour.