India, Feb. 25 -- Housing prices rose by an average of 10% during the December quarter across eight major cities, driven by strong demand and higher input costs, according to a report by CREDAI, Colliers, and Liases Foras. Delhi-NCR recorded the highest annual appreciation of 31% during the October-December period of 2024.

Real estate developers' body CREDAI, real estate consultant Colliers India, and data analytic firm Liases Foras said in their joint report that the average housing prices across the top eight markets in India witnessed a 10% YoY rise during the last quarter of 2024, led by healthy demand momentum and positive market sentiment.

Price appreciation was evident in all the eight major cities, with Delhi NCR witnessing the ...