Residential property prices across the top seven cities in India - Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Pune, Hyderabad, Chennai, Bengaluru, Kolkata -rose 4-7% between September 2021 and September 2022, according to data from Anarock Property Consultants.

This increase comes on the back of an inflationary rise in construction input costs and a rise in demand post-Covid Anarock said in its Q3 housing report.

Residential units in MMR (Mumbai and adjoining satellite towns) and Bengaluru saw the highest rise of 7%, closely followed by NCR and Hyderabad where property prices have increased by 6%. 

Data for Q3 2022 and Q2 2022 shows that the rise in prices was marginal at 1-2%, sequentially.

New inventory has seen a notable jump of 45% since September 2021, with MMR, Bengaluru and Pune witnessing the highest increase in supply of 118%, 81% and 43%, respectively.