New Delhi: Residential prices have been increasing post Covid across India. On Monday, Anarock Group said the seven top cities that include Bengaluru, Hyderabad, Delhi NCR and Mumbai Metropolitan Region (MMR) have seen prices rise by an average 45% from 2019 to first half of this calendar year, with the price rise going up to 90% in some markets. Anarock released data that shows among shortlisted localities of real estate hotspots , Bengaluru’s Bagaluru has seen the highest price appreciation — of 90% — followed by Hyderabad’s Kokapet at 89% jump; Bengaluru’s Whitefield (80% and Delhi NCR’s Dwarka E’way (79%), according to data released by ANAROCK Research on Monday.
The top 10 areas seeing the maximum appreciation (see table) include three each in Bengaluru and Hyderabad and two each in Delhi NCR and Mumbai Metropolitan Region (MMR). Residential prices have been rising significantly across cities in the last few years, amid buoyant demand and increased new supply. According to Anarock, MMR’s Dombivli remained the most active market in last five years in terms of new housing supply, recording the highest supply (about 44,990 units) in the period.
Bengaluru’s Sarjapur Road came next with new supply of about 36,150 units and then came MMR’s Panvel at 34,400 units launched between 2019 and H1 2024. Anarock Group chairman Anuj Puri said: “Housing price growth accelerated after the pandemic, particularly if we consider the last two years. As per our data, the.