News
Residential realty prices rise in 16 cities


The latest report by Residential Index prepared by National Housing Bank (NHB) said that the prices of residential properties showed an increasing trend in 16 cities in October-December quarter, 2013 — ranging from 1.1% in Dehradun to 8% in Nagpur — compared to the July-September quarter. Prices in eight cities have shown decreasing trend ranging from (-1.2)% in Kochi to (-3.6)% in Vijayawada.
While the prices for two cities namely Mumbai and Ludhiana have remained stable, the NHB survey said.
However, in the last one year, since October-December 2012, prices of residential properties in 13 cities witnessed an increasing trend, while in seven cities, the fell.
Residential prices in Delhi have shown an increase of 3.1% in October-December 2013 from the previous quarter. However, over the last one year, the residential prices increased by 0.5%. This showed Delhi has finally bucked the trend of declining prices of the last two quarters.
In Mumbai, however, the property prices remained flat for the last three quarters. Annually, the prices have shown appreciation of 2.3% due to rise in prices in January-March 2013 quarter. Similarly, Pune and Chennai have also shown rising trend.
-
News2 weeks ago
Prateek Group Demands High-Level Inquiry Against Another Developer for Illegal Diversion, Blockage of Drainage Path
-
Guest Column2 weeks ago
War’s Effects on Indian Real Estate When Conflict Meets Concrete
-
News3 weeks ago
DLF’s 116-Acre Integrated Township Takes Shape in Gurugram
-
News3 weeks ago
Rishab Rikhiram Sharma’s Sitar at Omaxe New Chandigarh, Downtown, Moves Audience
-
Guest Column4 weeks ago
Yamuna Expressway: Catalysing Growth in Noida and Greater Noida’s Real Estate Landscape
-
News2 weeks ago
Della Resorts, Hiranandani Communities, Krisala Developers Team up for a ₹1,100 crore Themed Mega Township in Pune
-
Guest Column3 weeks ago
Gurugram’s Green Revolution: How Low-Rise Homes Are Redefining Urban Luxury
-
News4 weeks ago
Flex Workspace Provider, CorporatEdge Expands Presence in Delhi NCR, Launches New Centre at World Trade Center (WTC), Delhi