Housing prices up nearly 5% across 8 cities in Jan-Sept
Real Estate

Housing prices up nearly 5% across 8 cities in Jan-Sept

Average housing prices appreciated nearly 5% across eight major cities in India the in the first nine months of 2022, which is attributable to a rise in input costs and a strong revival of demand, according to a report by property brokerage firm PropTiger.com.

According to the report, the weighted average prices of residential properties in primary markets stood at Rs 6,600-6,800 per square foot at the end of the September quarter, as against Rs 6,300-6,500 per sq ft at the end of the December quarter, across these eight cities.

“We are witnessing a modest price increase in the primary housing market. This is mainly because of the sharp rise in prices of key raw materials like cement and steel,” the company's group CFO Vikas Wadhawan said.

See also:
Hyderabad tops the list of land deals in 2022
Can Dharavi get a makeover?


Average housing prices appreciated nearly 5% across eight major cities in India the in the first nine months of 2022, which is attributable to a rise in input costs and a strong revival of demand, according to a report by property brokerage firm PropTiger.com. According to the report, the weighted average prices of residential properties in primary markets stood at Rs 6,600-6,800 per square foot at the end of the September quarter, as against Rs 6,300-6,500 per sq ft at the end of the December quarter, across these eight cities. “We are witnessing a modest price increase in the primary housing market. This is mainly because of the sharp rise in prices of key raw materials like cement and steel,” the company's group CFO Vikas Wadhawan said. See also: Hyderabad tops the list of land deals in 2022Can Dharavi get a makeover?

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement