Capital appreciation of properties- Bangalore and Pune top the list
The IT Capital of India Bangalore and the Oxford of the east Pune have witnessed maximum appreciation in the price of properties. Bengaluru has witnessed the maximum appreciation of 41 % in the mid-income housing segment during the last three years, while Pune tops the list with an average increase of 39 % in the high-end properties among the country’s seven major cities.
Over the last three years between June 2011 and June 2014, in Delhi-NCR, housing prices rose by 22 % and 24 % in mid segment and high-end categories, respectively. This report was released by the global property consultant Cushman & Wakefield. And this report analyses the performance of the residential segment of seven major cities Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.
This report has come up with the ranking according to the average capital value appreciation. The capital values of mid-segment housing have increased in the range of 14-41 % during the last three years on an average, while those of high-end properties in the range of 16-39 % during the period under review.
In the mid segment, Bengaluru recorded the highest average appreciation of 41 %, followed by Pune at 28 %, Chennai at 27 %, Delhi-NCR at 22 %, Kolkata at 17 %, Mumbai at 16% and Hyderabad at 14%.
In high-end segment, Pune recorded the highest increase in capital values of 39 %, followed by Bengaluru at 37 %, Chennai at 34 %, Mumbai and Delhi-NCR at 24% and Hyderabad at 16%.
Source- Financial Chronicle
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