This surge comes alongside an 8.3 per cent increase in residential property prices. The satellite cities near major urban centres like Delhi and Mumbai are leading the charge in price appreciation
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Among the top seven cities, the National Capital Region (NCR) stood out with a 6 per cent rise in quarterly sales, reaching approximately 16,550 units in Q2 2024 compared to 15,650 units in Q1 2024
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The mid-range and premium property segments together account for more than 55 per cent of the current supply. Together, they recorded approximately 76,555 units sold in the first quarter of 2024 - nearly 60 per cent of the total sales
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