The residential property prices in the top 7 cities of India are expected to witness an average increase of up to 33% over the next three years, according to a report.

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The latest news about real estate in India says that places mostly influenced by IT/ITeS (like tech companies) have seen house prices go up a lot. The report also mentions that Hyderabad is expected to see prices go up more because, before Covid-19, houses there were cheaper compared to Bengaluru's tech hubs.A company called ANAROCK, which helps with real estate, predicts that in the next three years, the prices of homes in the top seven cities of India could go up by around 33%. 

The report points out that Gachibowli in Hyderabad is leading with the highest price increase among key areas from 2020 to the first 10 months of 2023. Kondapur follows with a 31% increase, and Bengaluru's Whitefield is at 29%. Hyderabad’s Miyapur also sees a 28% increase.In places like Mumbai and Delhi, some areas have seen house prices go up by 13-27% in these three years. 

Greater Noida West in Delhi stands out with a big 27% increase, and in Mumbai, Lower Parel saw prices go up by 21%.The report says that 2023 is very different from 2020. In 2020, not much changed in prices, but this year, there's a lot of demand, and more houses are being sold compared to the highest point in 2014. This shows a positive trend in the real estate market because more people want to buy houses.

Disclaimer: The information provided in the above post is based on secondary data gathered from publicly available sources on the internet. While efforts have been made to ensure accuracy, we cannot guarantee the completeness or reliability of the information. Users are encouraged to verify details independently and should be aware that real estate trends and data can change over time. The post is for informational purposes only and does not constitute financial or investment advice. We disclaim any liability for decisions made based on the content of the post.