Realty consultant ranks average capital value appreciations across top 7 cities
In a recently-released report, real estate consultant Cushman & Wakefield analyzed the performance of the residential segment across India’s top seven cities — Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, and Pune.
On the basis of its analysis, the realty consultant has ranked the average capital value appreciations across the cities.
According to Cushman & Wakefield, all the seven cities witnessed capital value increases between 14 percent and 41 percent in the mid-segment residential properties over the last three years (2011-2014); and between 16 percent and 39 percent capital value increases in high-end properties during the same period.
Going by the Cushman & Wakefield figures, Bengaluru saw the highest – 41 percent – average capital value appreciation in the mid-segment residential properties; while Mumbai gained the least, 16 percent. Among the other cities, Pune recorded an average appreciation of 28 percent; Chennai 27 percent; Delhi-NCR 22 percent; Kolkata 17 percent.
So far as the high-end residential property is concerned, the maximum average capital value appreciation – of 39 percent – was recorded by Pune; followed by Bengaluru with a 37 percent increase in capital value. Chennai, Kolkata and Hyderabad saw 34 percent, 26 percent and 16 percent increase in capital value respectively; while Delhi-NCR and Mumbai both witnessed 24 percent increase.
Source – The Hindu Business Line
Cushman & Wakefield, high-end residential property, India’s top seven cities, realty consultant
