Delhi-NCR Housing Prices Surge By 14% In Q2 On Robust Housing Demand: Report
ABP NewsHousing prices across the top eight cities in India increased 7 per cent year-on-year "amid robust housing demand backed by continued positive homebuyer sentiment and stable interest rates," said a report by CREDAI and Colliers Liases Foras. The recent surge in housing prices is owing to the rising demand boosted by positive government incentives such as extension of 2 per cent reduction in stamp duty and extension of 10 per cent reduced circle rates till September 2023," the report said. In the second quarter, Delhi-NCR ranked second, witnessing the highest 14 per cent YoY surge in housing prices within the northern region. At the micro-market level, Golf Course Road and Dwarka Expressway witnessed the highest rise in housing prices at 46 per cent and 40 per cent respectively, both on a YoY basis.