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.
This story is from the December 29, 2024 edition of The New Indian Express Tadepalligudem.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 29, 2024 edition of The New Indian Express Tadepalligudem.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
WONDERLANDS
These five destinations are redefining winter in India, offering snow-dusted views and frosty charm that were once considered exclusive to Himalayan regions...
Bumrah overload biggest concern
India's strategy to have more all-rounders in the playing XI for batting depth seems to have increased workload of frontline pacers
Indian boxing in the shadows, former pros seek system overhaul for revival
No sport had seen such a slump like boxing this year.
Djokovic-Kyrgios lose, wildcard stuns Navarro
AUSTRALIAN wildcard Kimberly Birrell stunned second seed Emma Navarro on Wednesday while the doubles act of Novak Djokovic and Nick Kyrgios came to a shuddering halt at the Brisbane International.
New Year celebrations in Sydney surreal experience
Sydney Opera House and Harbour are fabled land on festivity days. On December 31 it turns into a dreamland.
Vaishali bags bronze in World Blitz Championship
INDIA'S R Vaishali clinched a bronze in the women's section of the World Blitz Championship, capping another strong performance by the country's chess players after stalwart Koneru Humpy's title-winning show in the rapid event here.
GST collection growth slows down in December to 7.3%
The growth in monthly GST collection slowed down further in December, with gross revenue during the month registering a growth of 7.3% to Rs 1.77 lakh crore.
Ola Electric's Market Share Falls, Bajaj on Top
OLA ELECTRIC'S market share in the electric two-wheeler space declined below the 20% mark in December 2023 and it has conceded its leadership position to Bajaj Auto.
OMCs Slash Price of ATF, Commercial LPG Cylinder
STATE-owned oil marketing companies (OMCs) have reduced the price of aviation turbine fuel (ATF) by 1.5% and also lowered the cost of commercial LPG used in hotels and restaurants by ₹14.5 per 19-kg cylinder.
Market Kicks Off 2025 With Decent Gains
DOMESTIC equity markets kicked off calendar year 2024 on a positive note as the benchmark indices - BSE Sensex and NSE Nifty - ended higher on Wednesday (January 1).
