"This is largely because of the fact that in the last few years due to factors such as slower economic growth, devaluation of the Indian rupee against dollar and general unrest on account of factors such as inflation, slower rate of real estate development etc. which has led more probable markets of Delhi-NCR and Mumbai to see a slower rate of appreciation," Jain added.

In the last three years, Bangalore witnessed the highest average capital value appreciation in the mid segment of the top seven Indian cities. Chennai witnessed steady capital value appreciation in both mid and high-end segments during the period, while Hyderabad witnessed capital value appreciation of 14 percent in the mid segment and 16 percent in the high-end segment.

The high-end segment in Kolkata witnessed average capital value appreciation of 26 percent in the last three years. Average capital values in Mumbai's mid segment increased 16 percent during the period and capital values in Delhi-NCR appreciated 22 percent in the mid segment and 24 percent in the high-end. Also, the residential segment in Pune witnessed high levels of capital value growth in both the mid and high-end segments.

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