FE » Story Housing prices in Delhi, Mumbai soar the most, shows NHB ‘Residex’

Housing prices have risen in 18 major cities, including Delhi and Mumbai, by up to 9.6 per cent during October-December period 2012 compared with the previous quarter, according to National Housing Bank (NHB). Mumbai and Delhi witnessed the maximum increase in housing price at 9.6 per cent each. Out of 20 cities tracked by NHB ‘Residex’, prices have dropped in only two cities — Faridabad and Indore. “In majority of the cities prices are witnessing upward trend,” NHB said in a statement. “The movement in prices of residential properties has shown increasing trend in 18 cities ranging from 0.6 per cent in Chennai to 9.6 per cent in Delhi &

Housing prices have risen in 18 major cities, including Delhi and Mumbai, by up to 9.6 per cent during October-December period 2012 compared with the previous quarter, according to National Housing Bank (NHB). Mumbai and Delhi witnessed the maximum increase in housing price at 9.6 per cent each. Out of 20 cities tracked by NHB ‘Residex’, prices have dropped in only two cities — Faridabad and Indore. “In majority of the cities prices are witnessing upward trend,” NHB said in a statement. “The movement in prices of residential properties has shown increasing trend in 18 cities ranging from 0.6 per cent in Chennai to 9.6 per cent in Delhi &

[via India Properties – Real Estate India – Indian Property News Site]

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