Business Standard-Delhi NCR sees steepest surge in property prices, rates jump 49% in 1 year
The Delhi-NCR housing market has witnessed a massive 49% increase in property values over the past year, leading the nation in price growth, according to the latest report by digital real estate transaction and advisory platform dPropTiger.com. This surge is largely driven by sustained demand for luxury homes, despite rising costs for building materials and labor.
The rise in property values is part of a broader trend of price growth across major cities in India, although Delhi-NCR stands out for its rapid appreciation. The report highlights that areas like Gurugram, Greater Noida, and Noida have experienced significant sales increases, even as national housing markets showed a decline in overall sales.
