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National: Real estate market see a high due to residential sector


There has been an increase in capital values in most micro markets with respect to residential real estate projects across major cities including Chennai, National Capital Region and Mumbai.

The fact that developers have chosen to launch more residential projects seemed to have saved the real estate market in Mumbai, where there has been an increase in the mid end segment by 14%. However, Chennai and NCR are leading with a rise of nearly 15% and 16% respectively. If one were to look at individual locations, the high end residential segment of Baner in Pune has recorded the highest year on year price appreciation of approximately 57%. It is also noteworthy tha NCR has the highest average growth in the high end residential segment of 22%, which is followed by Pune at 20%.


These facts are taken from a report released by Cushman and Wakefield India.

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