Delhi-NCR housing prices rise 12% in Q3, highest among top seven cities: Report

Housing prices in the Delhi-NCR primary market rose 12 per cent annually during the July-September quarter, the highest increase among India's top seven cities, as higher input costs and developers' growing focus on premium and luxury projects pushed up average residential prices, according to real estate consultant Anarock.Anarock data showed that the average residential property price in Delhi-NCR increased to Rs 9,980 per square foot in the September quarter from Rs 8,900 per square foot in the same period last year.Across the top seven cities, average residential prices rose 7 per cent annually to Rs 9,714 per square foot from Rs 9,105 per square foot a year earlier.The seven cities covered in the analysis are Bengaluru, Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Chennai, Hyderabad and Kolkata.Higher input costs push up pricesAnarock vice chairman Santhosh Kumar said housing prices had risen sharply across major cities since the Covid-19 pandemic, driven by…