The Delhi Effect: How India's Real Estate Market is Being Driven by a Few Key Cities The latest report from Kotak Institutional Equities highlights a familiar phenomenon in India's real estate market: rising prices and sales volumes led by select few cities.
This story is not just about overall economic growth or increased demand for housing, but rather the way in which a handful of cities are driving the entire market.
Delhi, Noida, and Chennai stand out as top performers, along with Greater Noida and Bengaluru. These six cities have seen a 6% year on year increase in real estate prices, far outpacing the national average.