The National Housing Bank's (NHBs) property price index, NHB RESIDEX, for the January to March 2012 quarter shows a mixed trend with five cities showing a rise and ten recording a decline.
A key feature of the latest NHB RESIDEX is that 5 more cities have been covered by India's first and only residential property price index, taking the total to 20. The new cities are Indore, Vijayawada, Ludhiana, Bhubaneswar and Guwahati.
The index for the quarter January to March 2012 has witnessed moderation or stable property prices in a majority of the cities over the previous quarter, except in Jaipur and Hyderabad, which have witnessed significant increase. Kochi, Bangaluru and Patna witnessed significant corrections.
The other cities that showed a declining trend were Bangalore, Surat, Bhopal, Pune, Ahmedabad, Mumbai, Lucknow and Faridabad
A key feature of the latest NHB RESIDEX is that 5 more cities have been covered by India's first and only residential property price index, taking the total to 20. The new cities are Indore, Vijayawada, Ludhiana, Bhubaneswar and Guwahati.
The index for the quarter January to March 2012 has witnessed moderation or stable property prices in a majority of the cities over the previous quarter, except in Jaipur and Hyderabad, which have witnessed significant increase. Kochi, Bangaluru and Patna witnessed significant corrections.
The other cities that showed a declining trend were Bangalore, Surat, Bhopal, Pune, Ahmedabad, Mumbai, Lucknow and Faridabad
MUMBAI
- NHB RESIDEX (2007 Index Base = 100
points)
|
Zones Cities Mumbai
|
|
Jan-Mar
2010 Index
|
Oct-Dec
2010 Index
|
Jan-Mar
2011 Index
|
Oct-Dec
2011 Index
|
Jan-
Mar 2012 Index
|
|
Zone 1
|
Cuffe Parade and Malabar Hill
|
143
|
206
|
206
|
243
|
212
|
|
Zone 2
|
Lower Parel, Matunga East and Mahim West
|
176
|
266
|
266
|
248
|
288
|
|
Zone 3
|
Bandra West, Andheri East and Oshivara
|
145
|
181
|
170
|
204
|
205
|
|
Zone 4
|
Kurla East, Tungwa/ Chadivali, and
Chembur
|
121
|
125
|
144
|
157
|
160
|
|
Zone 5
|
Malad, Borivali/ Kandivali,
Dahisar and Goregaon
|
153
|
159
|
178
|
191
|
205
|
|
Zone 6
|
Bhandup and Mulund
|
134
|
149
|
157
|
170
|
172
|
|
Navi Mumbai
|
Vashi, Khar Garh Road
|
118
|
171
|
161
|
171
|
174
|
|
Thane
|
Pokaran Road 1 and 2
|
89
|
123
|
111
|
118
|
133
|
|
Kalyan
|
Near Railway Station
|
79
|
131
|
120
|
118
|
104
|
|
Mira Byander
|
Mira Road
|
104
|
134
|
143
|
119
|
129
|
|
Virar Vasai
|
Virar, Nala Sopara
|
104
|
135
|
112
|
86
|
99
|
|
Other Municipalities
|
Badlapur
|
99
|
145
|
110
|
82
|
93
|
|
Mumbai City Index
|
|
134
|
173
|
175
|
193
|
190
|
Source: NHB
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