DEMAND for lavish and luxurious housing projects remained resilient in 2024 despite a sharp surge in property prices. This particular segment defied a slowdown in economic growth as the growing tribe of high-net-worth individuals did not shy away from making big-ticket purchases.
As per data issued by real estate consultant firm Anarock, housing prices rose between 13-30% year-on-year in 2024 across the top 7 cities, primarily due to increased input costs and strong homebuyer demand. Delhi-NCR recorded the highest yearly jump of 30% in average residential housing price—from ₹5,800 per sq. ft. in 2023 to nearly ₹7,550 per sq. ft. in 2024. The top 7 cities together saw a 21% yearly jump in average residential price from ₹7,080 per sq. ft. in Q4 2023 to over ₹8,590 per sq. ft. in Q4 2024.
Esta historia es de la edición December 29, 2024 de The New Indian Express Tirunelveli.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 29, 2024 de The New Indian Express Tirunelveli.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Transition phase, finding balance challenge for India
As the third umpire's decision OUT was displayed on the giant screen at the Melbourne Cricket Ground on Monday evening for one last time, the stadium erupted, bringing to a close what had been a rollercoaster year for Indian cricket.
New moons discovered around Uranus & Neptune
ASTRONOMERS have discovered three new moons orbiting Uranus and Neptune, marking a breakthrough in planetary science.
Hoping for fulfilling 2025 after controversial 2024
Despite not-so-very savoury 2024, Indian sports hope for a better 2025
Unsold in IPL, Mhatre makes WR
MUMBAI'S Ayush Mhatre, who went unsold in 2025 IPL auction, created a world record by becoming the youngest to score more than 150 runs in a List A game.
GM Vaishali qualifies for World Blitz quarterfinals
INDIAN Grandmaster R Vaishali surprised herself with a stellar performance to enter the quarterfinals of the World Blitz Championship here, even as recently-crowned rapid champion Koneru Humpy made an early exit.
BSNL Employees Union opposes 2nd phase of VRS
THE BSNL Employees Union (BSNLEU) has opposed the proposed second phase of the voluntary retirement scheme (VRS) introduced by Bharat Sanchar Nigam Limited (BSNL) management.
Fiscal deficit at 52.5% of target by Nov-end
THE Centre's fiscal deficit at the end of the eighth month of financial year 2024-25 was at 52.5% of the full-year target, according to the government data released on Tuesday.
Fresh missile-drone swarm hits Ukraine capital
RUSSIA launched an aerial attack on Ukraine on Tuesday, striking the capital and other regions with multiple missiles and drones.
9/11 Plea Deals Back on Table
Military court says defense secy Austin had no right to reject a decision already okayed by the Guantanamo court's top authority
Share full data on Covid-19 origin, WHO asks China
THE World Health Organization urged China to share data on the origins of the Covid pandemic, five years on from its start in the city of Wuhan, BBC News reported.
