Housing prices rise by around 1 pc in 20 major cities: NHB

by Paul Joseph on June 6, 2013 · 0 comments

NEW DELHI: Housing prices have increased marginally by an average 1.1 per cent in 20 major cities, including Delhi and Mumbai, in January-March 2013 over the previous quarter due to slowdown in demand, National Housing Bank said today. Residential housing prices in 12 cities have shown increase in prices in this quarter ended March, 2013 over the previous quarter (October-December, 2012), quarterly update of NHB Residex said. On the contrary, eight cities have shown decline in prices over the previous quarter with maximum fall observed in Guwahati (-7.84 per cent) followed by Ludhiana (-6.71 per cent), Surat (-6.67 per cent). Besides, price correction was witnessed in Kolkata by 5.75 per

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

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