During last three years, Bangalore has seen utmost appreciation of 41percent in the mid-income housing segment. However, Pune is one the top of the list with an average increase of 39 percent in the high-end properties among seven major cities of the country. According to a report by global property consultant Cushman & wakefield, housing prices rose by 24 percent in the mid segment and high-end categories, thus, over the last three years between June 2011 to June 2014.
The report has analyzed the performance of the residential segment of the major cities, to rank the average capital value appreciation
“ Mid-segment residential Properties in Bangalore has witnessed highest average capital values appreciation in last three years, while Pune has the highest average appreciation in the high-end properties in the the same time period,” Cushman & Wakefield stated in a report.
The capital values of mid-segment housing have grown in the range of 14-41 percent during the last three years while those of high-end properties in the range of 16-39 percent during the period under review. In the mid segment, Bangalore registered the biggest average appreciation of 41percent, followed by Pune at 28 percent Chennai (27 percent), Delhi-NCR (22 percent) and Kolkata (17 percent). Mumbai registered an aggregate capital values increase of 16 percent while Hyderabad saw a rise of 14 percent.
In high-end segment, Pune recorded the largest expansion in capital values of 39 per cent, followed by Bengaluru at 37 percent and Chennai 34 percent. Mumbai and Delhi-NCR recorded the same average increase of 24 percent while Hyderabad remained last with a mean increase of 16 percent.
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