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Residential property prices witnessed an upward trend in the January-March 2013 quarter in most of the 20 cities covered under the National Housing Bank RESIDEX.
The trend was noticeable on a year-on-year basis and also to a large extent on a sequential basis.
From the January-March 2013 quarter, the NHB RESIDEX has been expanded to include six new cities – Chandigarh, Coimbatore, Dehradun, Meerut, Nagpur and Raipur – taking the overall count to 26.
The NHB RESIDEX has been tracking the movement in prices of residential properties on a quarterly basis since 2007. Sequentially, residential property prices have been shown a rising trend in January-March 2013 quarter in 12 out of 20 cities already being covered.
The highest increase was seen in Jaipur (28.74 per cent) followed by Bhubaneswar (14.54 per cent), Pune (7.81 per cent), Bhopal (6.49 per cent), Delhi (3.59 per cent), Bangalore (2.83 per cent), Mumbai (2.31 per cent) and Kochi (2.30 per cent) besides others, according to an NHB release.
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