Delhi NCR realty market crosses Rs 1 lakh cr in sales value, pips Mumbai

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Delhi NCR realty market crosses Rs 1 lakh cr in sales value, pips Mumbai - Business Standard

Quick Summary:

The total sales value of Delhi-NCR rose by 63% in 2024 to Rs 1.53 lakh crore while that of Mumbai stood at Rs 1.38 lakh crore, up 13% and Hyderabad at Rs 1.

More than half of the absorption has been in homes priced Rs 2 crore and above and a quarter in homes priced between Rs 1-2 crore.“Rising prices and demand buoyance in Delhi-NCR is due to the robust infrastructure development, growing corporate presence and ample employment opportunities as is evident from Delhi NCR’s rising dominance in office leasing.

Akshay Kumar sells Mumbai apartment in Borivali East for Rs 4.“In Delhi-NCR, the weighted average sales price has gone up to Rs 12,469 per sq.ft.with absorption size of units rising to 2229 sq.ft.in 2024.