Bangalore tops in growth of mid-income hsg & Pune tops for high-end hsg says report

By Accommodation Times News Services

image of buildings for Housing demand storyBangalore has witnessed maximum appreciation of 41 per cent in the mid-income housing segment during the last three years, while Pune tops the list with an average increase of 39 per cent in the high-end properties among the country’s seven major cities.

In Delhi-NCR, housing prices rose by 22 per cent and 24 per cent in mid segment and high-end categories, respectively, over the last three years (June 2011 and June 2014), according to a report by global property consultant Cushman & Wakefield.

The report analyses the performance of the residential segment of seven major cities — Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad — to rank the average capital value appreciation. “Mid-segment residential properties in Bengaluru market have seen the highest average capital values appreciation in the last 3 years
(H1 2011–H1 2014), while Pune recorded the highest average appreciation in the high-end properties in the same period,” C&W said in a statement.

The capital values of mid-segment housing have increased in the range of 14-41 per cent during the last three years, while those of high-end properties in the range of 16-39 per cent during the period under review.

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