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20% rise in Delhi property prices in 2013
April 26, 2013, 8:37 am


The report says the Indian real estate market is continuing to grow [AP]

A new research report shows the capital city of India is in the midst of a property boom.

Delhi and the adjoining National Capital Region (NCR) has seen a 20 per cent rise in property prices over the past year, according to the report by

The rise is the highest among all metropolitan regions in the country, says the report, which has taken into account seven major cities across India.

Highest growth was seen in Sector 112 of Gurgaon, where capital values rose 72 per cent in the first quarter of 2013 over the same quarter in 2012, showed the report.

The seven cities covered in the report are Delhi-NCR, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad and Pune.

The report also said the Indian real estate market in 2013 continued to grow, despite subdued GDP growth trends and economic conditions.

A drop in home loan rates and a dip in domestic inflationary numbers has infused a sense of buoyancy among buyers.

Source: Agencies