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.
-
News3 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News4 weeks ago
Manasum Senior Living Launches IKIGAI GOA, A Senior Living Community in North Goa, in collaboration with Prescon Homes
-
News2 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
Bridging India Divide: Top 5 Tier- 2 Cities to Focus On
-
News3 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News4 weeks ago
Multipoint Connection – A Definite Boon
-
News3 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News1 week ago
Olive Announces Dhruv Kalro as Co-Founder