Hindustan Times - NCR leads with 96% growth in apartment sizes due to increase in new luxury supply
NCR leads with 96% growth in apartment sizes due to increase in new luxury supply
Hindustan Times
HT Real Estate News
Despite a significant jump in residential prices across the major cities, bigger homes continue to attract homebuyers. The average flat sizes in the top 7 cities grew by 32% in the last five years – from 1,145 sq. ft. in 2019 to 1,513 sq. ft. in H1 2024 with NCR witnessing the highest growth at 96% in average flat size in the last five years, a report by Anarock Research showed.
It observed that the average flat size across these major cities, including NCR, MMR, Bengaluru, Kolkata, Hyderabad and Chennai increased from 1,145 square feet in 2019 to 1,513 square feet in the first half of 2024 (H1 2024), the report showed.
