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The affordable housing market saw strong growth in Ahmedabad (62%) and Kolkata (48%) while luxury properties were most searched in the Mumbai Metropolitan Region (90%), New Delhi (58%), and Gurugram (48%).
Employment hubs of Gurugram witnessed highest 32.1 percent YoY appreciation in property price, followed by Greater Noida (31 percent YoY), Noida (26.1 percent YoY), and Hyderabad (15.8 percent YoY).
Residential realty prices in India saw a 5.4% increase in the July-September quarter due to high demand and limited supply, according to a report by M
The report, which analysed the preferences of over 20 million customers across 13 prominent cities, noted significant quarter-over-quarter increase in search volumes for Greater Noida (38.9%), Noida (20.4%), Kolkata (13.6%), and Bengaluru (13.5%), signalling ongoing demand for homes in these areas.
According to Magicbricks Research, Greater Noida saw the highest increase in its average prices at 32.4%, followed by Noida 28.7%, Hyderabad 23.3%, and Gurgaon 23.1%. Among the major cities, Chennai with 4% price growth, Kolkata with 8% and Pune with 10.1% rise remained the most affordable during the last two years.