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

23 Nov 2022 CW Team

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.

鈥淲e 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,鈥� the company's group CFO Vikas Wadhawan said.

Housing prices; PropTiger.com; Vikas Wadhwan

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