Why under-construction property prices are soaring in big cities – Find out Financial Express
In the midst of growing housing demand, under-construction property prices have seen a remarkable surge. According to a report by Savills India, prices of premium residential under-construction properties in major cities like Delhi, Noida, Gurugram, Bengaluru, and Mumbai increased up to 53% in June 2024. Completed projects have also increased by 44% in the top five cities, with Gurugram leading the way. This continued price movement indicates strong demand in the premium housing segment. In addition, buyers’ evolving lifestyle preferences act as a catalyst, bringing an influx of residential properties to these cities. Key industry leaders are strategically expanding their portfolios to cater to this demand, introducing innovative and luxurious living spaces that align with modern-day needs.
