MUMBAI: Demand for residential properties elevated 12.3% in the September quarter sequentially regardless of an increase of 8.3% in costs, a report launched by Magicbricks confirmed. Noida, which is residence to a number of corporates, noticed the very best improve in residential costs with a development of 16.9% on a quarterly foundation. Gurgaon and Greater Noida adopted with a rise of 15.5% and 15.1% in residential costs, respectively.
The demand was led by 3BHK models which accounted for 50% or extra of demand in most cities. In Chennai, Navi Mumbai and Thane, 2BHK models remained the popular selection, the report based mostly on the preferences of over 20 million clients confirmed. Growing curiosity in under-construction properties additionally resulted in a capital appreciation of 11% q-o-q.
