Indian Housing Price Trend in BENGALURU: From 2007 to 2012, June

NHB (National Housing Bank) data indicates, housing prices have risen by up to 10.5% in 16 major cities in India,  April to June 2012 period. While only three towns have witnessed a marginal fall. The NHB 'RESIDEX' tracks the movement in prices of residential properties on a 3 Month  (Quarterly) basis since 2007. The NHB RESIDEX now covers 20 cities. NHB said in a statement, "Residential housing prices in 16 cities have shown rise in prices in this quarter ended June, 2012 over the previous quarter ended March, 2012" . Mr. R.V.Verma, CMD, NHB told, "Housing prices are largely stable and there is no cause of worry. In the long run also, the prices are moving in a range bound. The prices have increased marginally in the 16 cities, which he attributed to local factors like improvement in infrastructure facilities." The maximum increase in housing prices was observed in Pune - 10.5% followed by Bengaluru - 8.7%

BENGALURU (Base year 2007 = 100)

Bengaluru  Localities Jan-Mar 2010 Index Apr-Jun 2010 Index Jul-Sep 2010 Index Oct-Dec 2010 Index Jan-Mar 2011 Index Apr-Jun 2011 Index Jul-Sept 2011 Index Oct-Dec 2011 Index Jan-Mar 2012 Index Apr-Jun 2012 Index Zone C Lavella Road etc 71 71 133 138 138 135 138 190 190 206 Zone D Richmond Town, Indira Nagar, HAL II & III stage, Domlur Layout, Sadashiv Nagar, Benson Town 67 81 75 134 100 111 109 131 123 129 Zone E Jaya Nagar,Rajaji Nagar, Koromagala,Air Port Road, Basveshwar Nagar, Malleshwaram, J P Nagar, Banashankari, R.T Nagar, Vijay Nagar                       60 61 66 86 82 73 90 82 74 84 Zone F Madivala, Banaswadi , Jagjeevan Ram Nagar, Yeswanthapura, Mathikhere, BTM Layout, Sultanpalya, Lingarajpura, BCC Layout 67 69 72 88 76 96 75 85 75 80 City Index 64 68 74 101 88 92 93 100 92 100

Source:  National Housing Bank,                                                                                                                                            Core 5-A, India Habitat Centre, Lodhi Road, New Delhi-110003                                                                                                            (PBX) 011-2464 9031-35                                                                                                                                                               Fax : 011-2464 9030 E-mail: ho@nhb.org.in          

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