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Home prices in major Indian cities, including NCR and Mumbai, surged by 23% year-on-year, reaching an average of Rs 1.23 crore ($145,707) during the first half of the fiscal year. Despite a 3% decline in unit sales, the total sales value increased by 18%, driven by strong demand for luxury homes. Developers are rapidly expanding to meet this demand, with DLF Ltd. reporting a significant rise in new sales bookings.
House prices in major Indian cities have surged by 23% year-on-year, driven by increased demand for luxury properties. The average price now stands at 12.3 million rupees ($145,707) as of the first half of the fiscal year, with over 227,400 units sold across the top seven urban areas, including New Delhi and Mumbai.
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home prices surge 23 percent in major indian cities amid luxury demand
13:41 20.11.2024
house prices in major indian cities rise 23 percent amid luxury demand
12:44 20.11.2024
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