Average property prices in top 7 cities increase 14%, rise most in Pune

Among the top 7 cities, Pune saw the maximum rise of 38 per cent during the period

Topics
Property prices in India | Pune | Bangalore

Raghavendra Kamath 

Average property prices in the top 7 cities (2013-2020-end) saw close to an increase of 14 per cent. The average price of a home in the top 7 cities rose from around Rs 4,895 per square ft in 2013 to Rs 5,599 per sq ft by 2020-end. Among the top 7 cities, Pune saw the maximum rise of 38 per cent during the period.

This was followed by Bangalore and Hyderabad with 20 per cent growth each. Affordability of homes – calculated as the ratio of home loan repayment to income – is expected to touch 27 per cent in FY21 (as against 53 per cent in FY12). With housing ...

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First Published: Wed, December 16 2020. 15:48 IST
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