The price movement of residential properties has shown an increasing trend in 16 cities, ranging from 1.1 per cent in Kochi to 10.5 per cent in Pune. According to the National Housing Board Residex, the prices have shown a marginal decline in three cities while one city has shown stable prices in April-June 2012 quarter. The index for the current quarter witnessed marginal increase/decrease in property prices in most cities over the previous quarter, except in Pune, Patna and Bangalore which have witnessed significant increases. Hyderabad, Jaipur and Indore witnessed corrections in property prices compared to last quarter. Faridabad has remained stagnant in this quarter. NHB Residex has been tracking the movement in prices of residential properties on a quarterly basis since 2007. The index now covers 20 cities. — Our Bureau

(This article was published in the Business Line print edition dated August 20, 2012)
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