Housing Price Rises 10% across 8 cities, Delhi NCR tops the list.

A country’s development is shown by its infrastructure and real estate is a big part of it. With rapid developments, India is growing fast with every passing year and many cities contribute majorly to this development. With Development, the real estate market has boomed in recent times as well with cities seeing immense growth in property rates. In this blog, we will discuss the rise in housing prices and which cities are to watch.

Rise in Housing Prices

The Average housing price in the top cities in India rose 10% in the year-over-year quarter ending 31 December. According to CREDAI, the real estate development association of India, price appreciation was evident in all eight cities, with Delhi NCR witnessing the highest rise of 31%, followed by Bengaluru, which saw a rise of 23% in housing prices during Q4 2024.

Delhi NCR

While being the capital of the country, Delhi and all the surrounding NCR region witnessed the highest growth of 31%, showcasing the strong foundation for real estate that it holds. With infrastructure growing rapidly, many areas witnessed a huge jump in prices, including Dwarka Expressway, where property prices witnessed a growth of an impressive 58%. Not so behind, Noida also witnessed a high jump in prices with a growth of 52% in the quarter that ended on 31st December.

Decline in Unsold Inventory

With the rise in real estate investments and active buyers, there has been a constant decline in unsold inventory consecutively in the 4th quarter as well, and it dropped 5% annually during Q4 2024, backed by healthy demand. According to reports the the stock of unsold inventory stood under 10 lac units at the end of December 2024. This happened for the first time in the last 2 years. MMR with a share of 40% continued to account for the majority of unsold inventory. Whereas Pune saw a decline of 14% in unsold inventory, closely followed by Hyderabad with a decline of 13% decline in unsold inventory.

Dwarka Expressway: A Place to keep an eye on

Dwarka Expressway has been the eye-catcher for a while and is a key area for real estate right now. Being underdeveloped, it has the potential to boom even further, and many developers are seeking that opportunity to launch new projects, including Whiteland Westin Residence, BPTP Amstoria Verti Greens, Elan The Emperor, and many more. Investing in Dwarka Expressway is no longer a speculative venture, but rather it is a calculated move backed by consistent growth and infrastructure development. For discerning investors, it offers a rare combination of steady appreciation and modern amenities is very well said by the senior vice president of sales, BPTP Group.

Why is Dwarka Expressway so in Demand?

Being one of the connecting routes between Delhi and Gurgaon, the Dwarka Expressway is a key locality for residents of both cities. It provides seamless connectivity with major spots like IGI Airport, Yashobhoomi, Cyber City, and many more commercial tech parks. Being a 16-lane expressway, it provides a great locality for residency, is home to many premium projects, and attracts a lot of people due to its growth potential, as it is still in the development phase.

Conclusion

India as an economy is growing and the infrastructure development is in full swing. The market growth is a piece of great news for all of us and as we go further into the future, more development will bring higher growth opportunities. Investing wisely with all considerations is crucial for the investor as even though rising, markets are still volatile and can change. Consulting a professional is the right way to go.

What do you think, which city will top the growth this quarter?

Source: ETNOW