Residential Price Trends Across India's 14 Major Cities

8. Pune

181 (Jan-Mar 2012 Index)

184 (Oct-Dec 2011 Index)

Base Year: 2007 = 100

IT/ITeS companies and luxury housing are driving the growth of Pune real estate market. Pune has become one favorable real estate destination in India as increasing number of residential projects are coming up. Developers are launching new residential projects and luxury housing projects in Pune. The drastic change has come within buyers, who are opting for quality lifestyle and prefer luxury housing.

Furthermore, Pune suburban areas are also witnessing growth in real estate movements where developers are offering affordable housing as well as coming up with luxury residential projects along with quality amenities and add-ons features.

9. Kochi

72 (Jan-Mar 2012 Index)

82 (Oct-Dec 2011 Index)

Base Year: 2007 = 100

Kochi, the commercial hub of Kerala is one of the best places that offer hot realty deals. The realty market has boost up because of growing information technology and related services.  Commercial properties are in huge demand with the increase of hotels, retail outlets and the growth in IT services that leads to the demand for office spaces.

Nangpal of DTZ stated that, Kochi’s real estate market is mainly dominated by non-resident Indians (NRIs). The city’s realty market is likely to see a major growth in under-development facilities like Vallarpadam international (shipping) container terminal and technology parks become operational.

As per the real estate dealers in Kochi, there are huge demands for land around the areas like Vypin, Parur, Aluva, Irimpanam and Mulanthuruthy.