Housing prices in India have seen a dramatic surge over the past year, with Delhi NCR leading the pack with a steep 31% year-on-year (YoY) increase, according to recent market data. The average price in the region now stands at ₹11,993 per square foot, signaling strong demand and growing investor interest.

Bengaluru follows closely behind with a 23% YoY jump, pushing the city’s average housing cost to ₹12,238 per square foot — the highest among all major metros in the country.

Other notable increases were recorded in:

• Ahmedabad, with a 15% rise to ₹7,725/sq ft
• Pune, seeing a 9% increase to ₹9,982/sq ft
• Chennai, with a moderate 6% growth to ₹8,141/sq ft

Meanwhile, Mumbai, India’s financial capital, saw a relatively modest 3% growth in property prices. However, it continues to remain the most expensive market at ₹20,725 per square foot on average.

Hyderabad and Kolkata experienced minimal growth of 2% and 1%, respectively, with housing prices at ₹11,351/sq ft and ₹7,971/sq ft.

Experts attribute the price hike to a combination of factors including rapid urban development, increased demand for housing post-pandemic, infrastructure upgrades, and changing buyer preferences. Delhi NCR’s dramatic rise is being fueled by emerging micro-markets, better connectivity, and robust economic activity...readmore

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