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Housing prices rise in 16 cities: NHB

Comments(2) Sub Category:Mumbai,Residential Real Estate Posted On: Aug 14, 2012

According to National Housing Bank (NHB) data, housing prices have risen by up to 10.5 per cent in 16 major cities of the country in the April-June period, while only three towns have witnessed a marginal fall.

The data is taken from NHB ‘RESIDEX’ which tracks the movement in prices of residential properties on a quarterly basis since 2007, covering 20 cities.

The maximum increase in housing prices was observed in Pune (10.5 per cent) followed by Bangalore (8.7 per cent). The data shows that homes became costlier in Mumbai by 3.7 per cent, Delhi and Kolkata by 2.6 per cent each, Bhubaneshwar, Bhopal and Chennai by 1.7 per cent each, Surat and Guwahati 1.2 per cent each, and Vijaywada and Kochi by 1.1 per cent each.

However, housing prices declined in Jaipur by 2.6 per cent, Indore by 2.4 per cent and Hyderabad by one per cent. The prices in Faridabad remained stable.

To read more real estate news:

Tata Housing increases price by 26%

2 Responses to “Housing prices rise in 16 cities: NHB”

  1. [...] in reality, it has not been so and prices have continued to rise. In 2011, the price per sq. meter of a 250-sq.m. apartment in New Delhi was around US$4,300. In the [...]

  2. [...] Housing prices rise in 16 cities: NHB [...]

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