House prices not affected by economic slowdown
The National Housing Bank data shows a peculiar trend that despite economic slowdown in the country, house prices have not suffered.
Apparently, house prices have managed to beat the economic slowdown.
Rates displayed a rising trend in the April-June quarter as shown in the survey. National Housing Bank showed Pune posted the highest gains in the quarter, followed by Patna and Bangalore.
House prices across 17 out of 20 cities registered a gain between 0.7 to 10.5 per cent between January and March 2012 and April and June 2012. The survey also showed that there are supply side issues in prime markets like Mumbai while absorption levels in Chennai and Bangalore continue to remain active.
To read more real estate news:
Price rise continues in property: Kim Eng
absorption levels, Bangalore, Chennai, Economic slowdown, house prices, Housing rates, Mumbai, National Housing Bank, Patna, Pune, Real estate in India, Real Estate India, Realty News, supply side issues
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