Property

New Delhi: Average housing price rose up to 15 per cent during April-June across 9 major cities, with Chennai witnessing the highest appreciation of 15 per cent, according to data analytic firm PropEquity. The weighted average price rose by 15 per cent in Chennai to Rs 6,744 per square feet in the June quarter from Rs 5,855 per square feet in the year-ago period. Gurugram witnessed 12 per cent increase in prices to Rs 11,517 per square feet from Rs 10,315 per square feet, and Hyderabad too saw 12 per cent rise to Rs 6,472 per square feet from Rs 5,764 per square feet. The average prices in Noida rose 9 per cent to Rs 7,411 per square feet from Rs 6,791 per square feet. In Bengaluru, the prices were up 8 per cent to Rs 6,196 per square feet from Rs 5,760 per square feet. Housing prices in Mumbai, Thane and Pune increased by 3 per cent. In Mumbai, the prices of residential properties rose to Rs 18,896 per square feet from Rs 18,259 per square feet, while in Thane, the rates appreciated to Rs 6,325 per square feet from Rs 6,165 per square feet. Housing prices in Pune too increased to Rs 5,348 per square feet from Rs 5,189 per square feet. Kolkata witnessed the minimum increase of 1 per cent in the average housing prices to Rs 5,431 per square feet in April-June 2022 from Rs 5,355 per square feet in the same period last year. "Residential market has been witnessing steady growth in sales and price appreciations over the last one year," Samir Jasuja, Founder and MD of PropEquity, said. As per the data, the housing sales rose 96 per cent year-on-year to 93,153 units during the June quarter this year. Sales, however, dropped 7 per cent to from the previous quarter. Total units launched across the top 9 cities rose 51 per cent annual ...