Real Estate Growth Despite Increased Construction Cost
The average cost of construction for a residential apartment in a mid-rise building was pegged at ` 3,125/sq. ft. in Mumbai, and ` 2,750/sq. ft. in Delhi and Pune. In Chennai and Bengaluru, the cost was ` 2,500/sq. ft., while in Hyderabad such an apartment would cost ` 2,375/sq. ft.
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