Residential prices surge by 49% in five years in Delhi and Mumbai

Record sales in Delhi and Mumbai cut inventory, raising prices 49% from H1 2019 to H1 2024. NCR, MMR saw price hikes per sq. ft. Anuj Puri noted a 52% stock drop in NCR, with pandemic-driven demand, rising costs, and luxury housing spurring growth. Aakash Ohri and Vivek Singhal highlighted reduced inventory overhang.