Financial Express-Suburban real estate booms as major city prices hit record highs
A notable trend has emerged, indicating a movement towards suburban and peripheral regions as property values in major urban centers escalate. In Delhi, where the average residential price has soared to Rs 18,012 per square foot, there is a marked increase in search activity in areas such as Dwarka and Rohini. Over the past year, prices in Dwarka have risen from Rs 8,800 per square foot to Rs 11,500 per square foot, while in Rohini, they have increased from Rs 11,300 per square foot to Rs 12,100 per square foot, as reported by the latest Housing Sentiment Index from Magicbricks.
Despite the rising demand and consequent price increase, suburban prices remain competitive compared to city averages, making them attractive investment destinations.
