Housing Prices Up By Avg 20 Percent in Delhi-NCR During Jan-March

New Delhi: Housing prices have risen the most in the Delhi-NCR market during January-March quarter at an average 20 per cent among the seven major cities of the country, according to a report by property portal 99acres.com.
"Among the top 7 cities of India, the capital value growth in Delhi-NCR topped the charts with an increase of 20 per cent in Q1-13 over Q1-12," the company said in a statement.
Kolkata has witnessed an increase of 17 per cent in the housing prices, while Mumbai, Bangalore, Pune and Hyderabad saw price appreciation in the range of 12-15 per cent in Q1-13 when compared to Q1-12. Housing prices have increased by six per cent during the period under review.
Commenting on the report, 99acres.com Business Head Vineet Singh said: "While in Delhi, the prices are averaging or growing slowly, the NCR area is witnessing price appreciation owing to increased movement of people preferring improved connectivity and affordable housing".
Gurgaon's Sector 112 saw the maximum appreciation in property prices at 72 per cent in the entire Delhi-NCR market.
In Delhi, the localities to see highest appreciation in price trends were Vasundra Enclave and Sector-13 Dwarka with around 28 per cent and 25 per cent, respectively, in January- March quarter as compared to year-ago period.
However, a few localities in South Delhi like Saket, Vasant Vihar and Greater Kailash saw a price correction of 6-8 per cent.
In Noida, Sector-104 saw a price rise of over 40 per cent in the last one year. Most of the other localities also saw double digit growth in prices. "Increased connectivity has led to significant price increases in this region," the report said.
The portal 99acres.com claimed that it has a registered database of 15 lakh users and more than 2 lakh residential and commercial properties listed on its website.

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