If you want to buy a house, then do it quickly, the price is going to increase every year, new report may increase the worries of home buyers, New Delhi. There is big news for home buyers. If you are also preparing to buy your house then do it quickly. The Confederation of Indian Industry (CII) has said that house prices are likely to increase significantly every year in the coming few years. The report says that house prices may double every 10 years in the future. A joint report by CII and Colliers said that due to better demand, house prices are likely to increase by 5 to 10 percent annually in the next few years. Industry body CII and real estate consultant Colliers India released a report titled ‘Real Estate 2047: Building India Growth Future Corridors’ at a conference on Thursday. Sales will also increase along with prices. It has been estimated in the report that annual sales may increase from the current three-four lakh units to 10 lakh units by the year 2047. This report was released by Harleen Kaur, Deputy Secretary, Ministry of Road Transport and Highways. According to the report, annual sales could potentially double to 1 million units by 2047 due to rising income levels, demographic changes and progressive housing policies. Prices are rising due to demand The report further said that due to rising incomes, urban migration and demand for premium housing, average property prices are expected to increase by 5 to 10 percent annually in the next few years. If prices continue to rise according to this estimate, house prices will double in the next 10 years. This means that the house which is currently worth Rs 1 crore, will increase to Rs 2 crore. 20 percent decline in the third quarter. The property advisory firm says that in the third quarter (July-September) of the year 2025, house sales in the major 7 cities of the country have fallen by 20 percent to 96,285. If we look at the figures for the year 2022, 3.64 lakh houses were sold in the third quarter. Not only this, if we look at the price increase figures, it has increased by 19 percent in the major 8 cities of the country. Real estate experts say that due to such increase in prices, there is a decline in sales. House Price Hike: According to CII, house prices may increase by more than 10 percent annually in the coming years. However, despite this increase, house sales are likely to continue increasing.