<p>A housing price tracker report for 2022 by apex real estate body Credai, realty consultant Colliers India and data analytic firm Liases Foras says residential real estate prices have increased 5% in eight major cities including Bangalore during the April-June quarter while Delhi-NCR saw the highest increase in prices at 10%.</p>.<p>A rise in construction cost is one of the factors for the increase in property prices. The report said housing prices in India have surpassed pre-pandemic levels.</p>.<p>A resurgence in residential demand has led to a 5% increase in prices across the top eight cities (Delhi-NCR, Mumbai, Kolkata, Pune, Hyderabad, Chennai, Bengaluru, and Ahmedabad) while registering a marginal decline in unsold inventory during Q2 2022.</p>.<p>Residential prices, which have surpassed pre-pandemic levels, have been seeing an upward trend led by rising demand amidst rising prices of construction materials. Delhi-NCR saw the highest increase in residential prices at 10% YoY, followed by Ahmedabad and Hyderabad with 9% and 8% YoY increase respectively, the report said.</p>.<p>The sales momentum that started in the latter part of last year continued in Q2 2022 as well, led by pent-up demand and attractive pricing.</p>.<p>Hence, despite rising prices and an increase in new launches in the last few quarters, unsold inventory saw a dip in the majority of the cities.</p>.<p>Bengaluru witnessed the steepest decline of 21% YoY in its inventory overhang, led by higher sales, the report said.</p>.<p>Only Hyderabad, Mumbai and Ahmedabad saw an increase in unsold inventory, which was led by significant new launches. Mumbai still accounts for the highest share in unsold inventory at 36%, followed by 14% in Delhi- NCR and 13% in Pune.</p>
<p>A housing price tracker report for 2022 by apex real estate body Credai, realty consultant Colliers India and data analytic firm Liases Foras says residential real estate prices have increased 5% in eight major cities including Bangalore during the April-June quarter while Delhi-NCR saw the highest increase in prices at 10%.</p>.<p>A rise in construction cost is one of the factors for the increase in property prices. The report said housing prices in India have surpassed pre-pandemic levels.</p>.<p>A resurgence in residential demand has led to a 5% increase in prices across the top eight cities (Delhi-NCR, Mumbai, Kolkata, Pune, Hyderabad, Chennai, Bengaluru, and Ahmedabad) while registering a marginal decline in unsold inventory during Q2 2022.</p>.<p>Residential prices, which have surpassed pre-pandemic levels, have been seeing an upward trend led by rising demand amidst rising prices of construction materials. Delhi-NCR saw the highest increase in residential prices at 10% YoY, followed by Ahmedabad and Hyderabad with 9% and 8% YoY increase respectively, the report said.</p>.<p>The sales momentum that started in the latter part of last year continued in Q2 2022 as well, led by pent-up demand and attractive pricing.</p>.<p>Hence, despite rising prices and an increase in new launches in the last few quarters, unsold inventory saw a dip in the majority of the cities.</p>.<p>Bengaluru witnessed the steepest decline of 21% YoY in its inventory overhang, led by higher sales, the report said.</p>.<p>Only Hyderabad, Mumbai and Ahmedabad saw an increase in unsold inventory, which was led by significant new launches. Mumbai still accounts for the highest share in unsold inventory at 36%, followed by 14% in Delhi- NCR and 13% in Pune.</p>
