<p>Housing prices have increased by up to 9 per cent in the last one year across nine major cities despite demand slowdown and over-supply in the overall property market, according to News Corp-backed PropTiger data.</p>.<p>According to the housing brokerage firm's report 'Real Insight: Q4 FY20', the weighted average prices rose in seven cities, while rates were stable in one city and declined in another one during January-March 2020 compared to the corresponding period the previous year.</p>.<p>Apartment prices are of primary market and not the secondary (or resale) market.</p>.<p>As per the data, Hyderabad saw the maximum increase of 9 per cent in basic selling price (BSP) to Rs 5,434 per sq ft.</p>.<p>Housing prices rose 6 per cent in Ahmedabad to Rs 3,032 per sq ft, while prices went up by 4 per cent in Pune to Rs 5,017 per sq ft.</p>.<p>Bengaluru and Kolkata witnessed 3 per cent increase in prices to Rs 5,275 per sq ft and Rs 4,134 per sq ft, respectively.</p>.<p>In the Mumbai Metropolitan Region (MMR), rates were up by 2 per cent to Rs 9,472 per sq ft.</p>.<p>Housing prices in Noida went up by 1 per cent to Rs 3,922 per sq ft.</p>.<p>In Chennai, rates were flat at Rs 5,184 per sq ft.</p>.<p>However, housing prices fell one per cent in Gurugram to Rs 4,893 per sq ft.</p>.<p>Gurugram market includes Bhiwadi, Dharuhera and Sohna, while the Mumbai Metropolitan Region includes Navi Mumbai and Thane. Noida includes Greater Noida, Noida Extension and Yamuna Expressway.</p>.<p>During the fourth quarter of last fiscal, housing sales fell 26 per cent to 69,235 units across these nine cities.</p>.<p>New launches, too, fell by more than a half to 35,668 units from 72,932 flats during the period under review.</p>.<p>Singapore-based Elara Technologies, co-founded by Dhruv Agarwala, owns Housing and Makaan.com are classifieds platforms.</p>.<p>Its investors are News Corp, REA Group, Softbank, Accel and SAIF Partners.</p>.<p>In January this year, US-based News Corp and its Australian group firm REA made a fresh investment of around USD 70 million (Rs 500 crore) in Elara Technologies. The company has raised USD 175 million since 2011. </p>
<p>Housing prices have increased by up to 9 per cent in the last one year across nine major cities despite demand slowdown and over-supply in the overall property market, according to News Corp-backed PropTiger data.</p>.<p>According to the housing brokerage firm's report 'Real Insight: Q4 FY20', the weighted average prices rose in seven cities, while rates were stable in one city and declined in another one during January-March 2020 compared to the corresponding period the previous year.</p>.<p>Apartment prices are of primary market and not the secondary (or resale) market.</p>.<p>As per the data, Hyderabad saw the maximum increase of 9 per cent in basic selling price (BSP) to Rs 5,434 per sq ft.</p>.<p>Housing prices rose 6 per cent in Ahmedabad to Rs 3,032 per sq ft, while prices went up by 4 per cent in Pune to Rs 5,017 per sq ft.</p>.<p>Bengaluru and Kolkata witnessed 3 per cent increase in prices to Rs 5,275 per sq ft and Rs 4,134 per sq ft, respectively.</p>.<p>In the Mumbai Metropolitan Region (MMR), rates were up by 2 per cent to Rs 9,472 per sq ft.</p>.<p>Housing prices in Noida went up by 1 per cent to Rs 3,922 per sq ft.</p>.<p>In Chennai, rates were flat at Rs 5,184 per sq ft.</p>.<p>However, housing prices fell one per cent in Gurugram to Rs 4,893 per sq ft.</p>.<p>Gurugram market includes Bhiwadi, Dharuhera and Sohna, while the Mumbai Metropolitan Region includes Navi Mumbai and Thane. Noida includes Greater Noida, Noida Extension and Yamuna Expressway.</p>.<p>During the fourth quarter of last fiscal, housing sales fell 26 per cent to 69,235 units across these nine cities.</p>.<p>New launches, too, fell by more than a half to 35,668 units from 72,932 flats during the period under review.</p>.<p>Singapore-based Elara Technologies, co-founded by Dhruv Agarwala, owns Housing and Makaan.com are classifieds platforms.</p>.<p>Its investors are News Corp, REA Group, Softbank, Accel and SAIF Partners.</p>.<p>In January this year, US-based News Corp and its Australian group firm REA made a fresh investment of around USD 70 million (Rs 500 crore) in Elara Technologies. The company has raised USD 175 million since 2011. </p>