50 percent rise this year already.
Demand for premium properties is significantly increasing this year. Prices of flats in premium projects under construction in areas like Delhi, Noida, Gurugram, Bangalore, and Mumbai have risen sharply. Compared to last year, prices have increased by as much as 50 percent. Property prices have risen by 30 percent in ongoing constructions. The availability of more amenities in new projects is the main reason for this.
In North Goa, known for its second home locations, villa prices have risen by 28 percent this year alone. Companies offering Work From Anywhere (WFA) are contributing to higher demand for properties in Goa due to higher rental income. Additionally, investor sentiment has significantly improved in the first half of 2024. Demand is high for old developments in Grade-A corridors, from both investors and renters alike.
