The housing prices in Mumbai and Delhi witnessed the maximum increase about 9.6%, according to the National Housing Bank (NHB) Residex. Over 20 cities were covered by the Residex among the prices for 18 cities have marginally went up. Indore and the Faridabad are the only two cities that has seen drop in prices of about -1.0% and -5.1%.
The variation of prices among the cities are as follows
- Mumbai 9.6%
- Delhi 9.6%
- Kolkata 9.4%
- Patna 9.4%
- Kochi 8.8%
- Surat 8.7%
- Bangalore 8.2%
- Lucknow 8%
- Hyderabad 7.1%
- Ludhiana 6.5%
- Ahmadabad 6.1%
- Guwahati 5.1%
- Bhopal 4.9%
- Bhubneswar 2.4%
- Jaipur 2.4%
- Vijayawada 2.2%
- Pune 2.0%
- Chennai 0.6%
- Indore -1.0%
- Faridabad -5.1%
National housing Bank (NHB) is tracking the movement of residential properties rate from 2007 on quarterly basis.
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Hi there,
Thanks for this post. I wanted to know what factor influenced these price hikes over the last couple of years. Also, what do all these price hikes mean for the Indian economy?
Alana