Home prices marginally up on demand growth

Sat Jun 14 2014, 17:54 hrs
Home prices have increased by up to 7.1% in 12 major cities, including Delhi and Mumbai, in January-March quarter due to a surge in demand, the National Housing Bank (NHB) said in its latest Residex that tracks housing prices in 26 cities. (Image Credit: Thinkstock)
Home prices have increased by up to 7.1% in 12 major cities, including Delhi and Mumbai, in January-March quarter due to a surge in demand, the National Housing Bank (NHB) said in its latest Residex that tracks housing prices in 26 cities. (Image Credit: Thinkstock)
For the period under review, prices have shown an increasing trend from 1.3% in Bhopal to 7.1% in Surat as compared to the preceding quarter. Twelve cities saw prices falling ranging from 0.6% in Vijayawada to 5.7% in Patna. Prices in Faridabad and Kochi have remained stagnant. (Image Credit: Thinkstock)
For the period under review, prices have shown an increasing trend from 1.3% in Bhopal to 7.1% in Surat as compared to the preceding quarter. Twelve cities saw prices falling ranging from 0.6% in Vijayawada to 5.7% in Patna. Prices in Faridabad and Kochi have remained stagnant. (Image Credit: Thinkstock)
The NHB Residex was launched in 2007 and monitors prices with base year as 2007. (Image Credit: Thinkstock)
The NHB Residex was launched in 2007 and monitors prices with base year as 2007. (Image Credit: Thinkstock)
The Index for the current quarter is based upon the transaction data received from Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). (Image Credit: Thinkstock)
The Index for the current quarter is based upon the transaction data received from Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). (Image Credit: Thinkstock)
Rising Trend
Rising Trend
Declining Trend
Declining Trend
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