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Why are rent and home prices in Delhi and the NCR rising so quickly?

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Why are rent and home prices in Delhi and the NCR rising so quickly?

  • 24 Jun 2023

The robust development of infrastructure, particularly in the micro-markets of Noida and Gurugram, has played a major role in the boom of Delhi-NCR’s real estate market. This boom comes after the sluggish trend in the last few years. 

According to a recent poll, the real estate market in Delhi-NCR has grown significantly over the past year compared to metropolises like Mumbai, Chennai, Bengaluru, Kolkata, and Hyderabad.   According to a report provided by CREDAI, Colliers, and Liases Foras, residential property prices in Delhi-NCR saw a dramatic 16% increase year over year in the March 2023 quarter.

On the other hand, among the top 8 cities Kolkata and Bengaluru followed closely with 15 per cent and 14 per cent rise in the prices of residential properties, respectively.

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