Q2 2024: Skyrocketing real estate prices in India’s metropolises | constructionweek
Geetanjali Homestate has unveiled its latest industry report detailing property pricing trends across key markets in India for the second quarter of 2024. The report provides an in-depth analysis of the average property prices in Mumbai, Delhi, Bangalore, Noida/Greater Noida, Gurugram, Hyderabad, Chennai, Kolkata, Ahmedabad, and Pune, revealing notable growth trends in these metropolitan areas.
In Mumbai, the average property prices have shown significant growth. For the period of April to June 2024, the average price per square foot ranged from Rs 21,900 to Rs 22,200, up from Rs 20,200 to Rs 20,500 in the first quarter of 2024. Compared to the same period last year, which saw prices between Rs 20,900 and Rs 21,200, this marks a quarter-on-quarter growth of 8.2% and a year-on-year growth of 4.9%.
