Rise in cost of residential apartments in Surat is Highest
The residential price in Surat have increased fastest compared to other major cities in India. National Housing Bank track the housing prices with residential index (Residex).
It is also observed that the residex of Chennai (9.2), Pune (8.9) and Delhi (8.4) follows Surat (9.4).
As Surat is the city having highest annual household income in the country, people are investing more on real estate properties.
The residex also state that the major reduction in price happened in Kochi (-15.5) followed by Jaipur (-1.5), Patna (-0.7), Kolkata(-0.5) and Mumbai (-0.5).
Source : Business Standard
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