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Average housing prices up by 5% across 8 cities: Report

Pune saw highest price increase, at about 7 percent, followed by Bengaluru at 6 percent.

Owing to rising input costs and a significant recovery in demand, average house prices have increased by about 5 percent since the beginning of 2022, according to a report by PropTiger.

Pune saw the highest price increase, at about 7 percent, followed by Bengaluru at 6 percent.

The report said the average prices of residential properties in primary markets across eight cities stood at Rs 6,600 - Rs 6,800 per square feet. The prices have appreciated by nearly 5 percent from Rs 6,300 - Rs 6,500 sq ft since the end of the December quarter.

"While the weighted average prices have risen marginally (5-6 percent) across the top cities, they have risen at a higher rate in key micro markets of major cities such as Hyderabad, Bengaluru and Gurugram," the report added.