Property values in top cities soar to decade highs
Image Credit: newsbytes
In 2023, India's top six cities saw a 10-15% increase in residential property values, the highest in a decade. This growth is due to factors like low inventory, increased buyer interest, and rising rental costs, according to a report by NoBroker, India's first property technology unicorn. Hyderabad and Bengaluru experienced the highest annual appreciation for two-bedroom homes at 15% and 13.5%, respectively, while Mumbai saw a 10.3% increase.