Home prices rise in top markets with Mumbai, Bangalore leading by 9%

Major markets are experiencing robust growth in housing prices. As per the data from the Knight Frank Report 2022, the housing demand has increased post pandemic, owing to buyers’ realization of owning a home, low-interest rates, and reviving the economy. Since the second half of 2015, housing prices are seen rising for the first time. The affordability factor is also playing a major role. Mumbai and Bangalore have witnessed around a 9% rise in housing whereas Pune is experiencing a 7% rise. Progressive economic growth and low-interest rates are setting a momentum for housing sales.?

Source:- The Economic Times