National Housing Bank (NHB)
According to the National Housing Bank, important cities such as Delhi and Mumbai have experienced a price rise of about 7.1%. This has occurred within the months of January to March 2014. The reason for this is the surge in demand. Seeing the recent updates of the NHB Residex, one can see price rise in [...] Continue Reading »
Most of the middle class people save all their lives to invest in their dream home. For most it is the utmost security. With rising economy and availability of jobs in MNCs, the salaries have seen an upward trend in the last decade. With the emergence of IT and ITES in India, double income families [...] Continue Reading »
The urban housing fund which was announced recently by the Finance Minister in the Budget is likely to function within a month. The minister proposed an allocation of Rs. 2,000 crore to the National Housing Bank (NHB) for initiating it. According to an official, the fund will be used for the refinancing of the banks [...] Continue Reading »
Surat- The city’s realty sector has witnessed slow and steady progress in the year 2012. Many residential projects were launched in the city. In the year 2012, the capital value of residential projects noted an average escalation of 10-12 percent across the city. This news was confirmed by National Housing Bank (NHB) when they realised the residex [...] Continue Reading »
Bangalore- Good news to builders and developers whose projects have been kept on hold due to liquidity crisis. The finance ministry has planned to initiate a measure which is expected to improve the realty sector. Banks will be allowed to permit funds to stalled projects, which would revive the growth in economy. As per RBI‘s [...] Continue Reading »
New Delhi- A report by National Housing Bank ( NHB) showed the real estate housing trend in 11 cities which included Bangalore and Kolkata. These cities witnessed a decline of about 5 percent from July-September meanwhile the other 9 cities saw an increase of about 10 percent. The highest price rise of 10.1 percent was witnessed [...] Continue Reading »
Due to the inventory build-up in certain areas in the city, it was stated by the National Housing Bank (NHB) that there might be certain amount of price correction in the housing sector. The projects which are unsold due to the high price perception will witness price correction simultaneously to the current reduced revision in the housing loans, announced [...] Continue Reading »
National Housing Bank (NHB) has expressed hopes that price correction in housing market is due soon. NHB, the regulator of housing finance companies, has predicted a decline in the real estate prices in the near future. NHB attributes the fall in prices to the large number of empty houses which is due to be sold. [...] Continue Reading »
The residential real estate index prepared by the National Housing Bank (NHB), the housing prices in 16 cities including Delhi, Mumbai, Chennai, Bangalore, Pune, and Kolkata improved in the quarter ending June 2012, compared to the previous quarter ending March 2012. The prices of residential properties in 16 cities have shown an increasing trend in [...] Continue Reading »
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 [...] Continue Reading »
