Housing prices on the rise in Jaipur: NHB data
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While the housing prices went into a tailspin during the Covid years, the demand surged later.
The 50-city Housing Price Index (HPI), based on valuation prices of properties collected from banks and housing finance companies, recorded an annual increase of 7.5% during the fourth quarter of 2024-25 compared to 5.1% a year ago. Rajesh Dukia, a real estate developer, said, "Housing prices have been on the rise for the past four years and the momentum is likely to continue."
However, Bhiwadi, the second city in Rajasthan that the index tracks, has witnessed a decline in housing prices. Dukia said, "Pollution, traffic, and the overcrowded nature of the town are some of the reasons which are dragging down the prices. On the other hand, Jaipur scores better on these counts, which is reflected in the price appreciation."
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