Hyderabad Sees 19% Hike In Housing Price 

According to a joint report by CREDAI, Colliers and Liases Foras, housing prices rose annually by an average of 10 % during the July-September quarter this year across the top eight cities in India. However, Hyderabad saw the highest increase of 19% Y-o-Y rise. Bengaluru, at 18 per cent rise on an annual basis, was a close second. According to the report, all eight major cities experienced a notable increase in housing prices. In Ahmedabad, housing prices rose by 9 per cent to ₹6,613 per square foot (carpet area), while in Bengaluru, to ₹9,471 per square foot, an increase of 18%.

Chennai saw a 7 per cent increase in prices to ₹7,712 per square foot, while Delhi-NCR witnessed a 12 per cent rise to ₹8,655 per square foot. Housing prices in Kolkata grew 12 per cent to ₹7,406 per square feet and Mumbai Metropolitan Region (MMR) saw a marginal growth of 1 per cent in prices to ₹19,585 per square feet. During July-September, Pune saw housing prices appreciated by 12 per cent YoY to ₹9,014 per square foot. The highest was witnessed in Hyderabad, with an increase of 19 % by ₹11,040 per square foot. The numbers show a promising quarter for the realtors. While buying a house is a sentimental event, safeguarding it from the effects of natural calamities like floods and earthquakes or malicious activities should also be given importance. If you are residing in these top cities that have seen growth in sales of home units and are a new homeowner, ensure that you get home insurance to keep your property secured.