The latest market analysis from eXp India has revealed that Gurugram, Greater Noida and Bhubaneswar have been the strongest performing areas of the Indian property market over the last year having registered the highest rates of annual price growth.
eXp India analysed the latest market data for Q4 2024, looking at how property values have changed across the Indian property market on an annual basis (Q4 2023).
The analysis shows that it’s the Gurugram region that has seen the strongest market performance, with property values increasing by a notable 33.9% in the last year alone.
Greater Noida has seen the second strongest rate of growth at 24.2%, with Bhubaneswar sitting in third where property values are up 22.1% over the last year.
Coimbatore (+21.1%) and Noida (21%) have also seen an annual rate of growth in excess of 20%.
Such has been the strength of the Indian property market over the last year that just three areas of the market have seen a decline in property values.
Thiruvananthapuram has seen the largest decline with property values falling by -5.8% on an annual basis, whilst Howrah (-3.5%) and Ludhiana (-1.6%) have also seen a decline.
Whilst house prices across Delhi are up over the course of the year, the annual rate of growth of 0.4% is the lowest of all areas to have seen positive movement.
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