India Home Price Growth Muted by West Asia Conflict: Anarock
India's top seven housing markets saw a muted 2% growth in average prices during January-March due to the West Asia conflict. The conflict led to a decline in sales, with a 7% drop in volume terms and a 6% drop in value-wise sales during the same period.
India's housing market has been impacted by the West Asia conflict. Average prices across seven major cities rose 2% to Rs 9,456 per square feet in January-March. Sales fell 7% in volume terms and 6% in value-wise sales. The conflict affected buying sentiments, particularly in March. Cities like Delhi-NCR, Mumbai, and Bengaluru saw price appreciations of 3%, 1%, and 2% respectively. The long-term outlook for India's housing market remains positive, with a 9% annual increase in sales.
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