Delhi-NCR sees highest annual rise of 16% in housing prices among top 8 cities in Jan.-March: Report
The Hindu
Housing prices in Delhi-NCR rose to the maximum, by 16%, according to a report by CREDAI, Colliers and Liases Foras. The report mentioned that housing prices in Delhi-NCR have seen a steady rise since the last 11 quarters. As per the report, housing prices across the top eight cities rose 8% year-on-year (YoY). Bengaluru saw a 14% increase in prices to ₹8,748 per square feet, while Chennai witnessed a modest increase of 4% to ₹7,395 per square feet. Pune saw an increase of 11% in rates to ₹8,352 per square feet.
Housing prices in Delhi-NCR rose to the maximum, by 16%, in the January-March(2023) period among top eight cities on better demand and higher construction cost, according to a report by CREDAI, Colliers and Liases Foras.
Realtors apex body CREDAI, real estate consultant Colliers and data analytic firm Liases Foras on Wednesday released their joint 'Housing Price-Tracker Report Q1 2023'.
As per the report, housing prices across the top eight cities rose 8% year-on-year (YoY).
Delhi-NCR saw the highest increase in residential prices at 16% YoY, followed by Kolkata and Bengaluru with 15% and 14% YoY increase respectively.
The report mentioned that housing prices in Delhi-NCR have seen a steady rise since the last 11 quarters.
"Notably, Dwarka Expressway witnessed a significant price rise at 59% YoY, largely led by opening of Central Peripheral Road and the loop connecting Dwarka expressway with NH-8," it said.
Housing prices in Golf Course Road, Gurugram surged 42% YoY. The prices in Golf Course Road are now highest in the NCR region, surpassing the rates in Delhi.
Central government officials raise concerns over vague replies on vacancies and recruitments in Central ministries, highlighting data discrepancies.
Supreme Court directs five states to provide facts on illegal sand mining activities, emphasizing the need for control.
Vazhndhu Kattuvom scheme in Tiruchi district empowers women entrepreneurs through vocational training and e-commerce platforms for business growth.
Chennai airport passengers face challenges with defective trolley wheels, but improvements are underway by AAI officials.
J&K leaders oppose new railway lines cutting through agriculture and horticulture land in south Kashmir, citing ecological and livelihood concerns.
Preliminary study at IIT Madras' Vana Vani School raises concerns over unauthorized clinical trials on students.
Shortage of clinical psychologists in India due to discontinuation of MPhil program raises concerns about education and accreditation standards.
Producers of Tamil movie Amaran apologize for displaying student's number, leading to legal action and removal of scene.
Telangana Chief Minister initiates recruitment of transgender Traffic Assistants in Hyderabad Police for inclusivity and representation.
Forest Minister K. Ponmudy launches 60 mobile medical units for Cyclone Fengal relief in Villupuram district.
West Bengal police top brass reshuffled after Mamata Banerjee's displeasure, with officers reallocated to new roles.