National Housing Bank Data: Housing Prices Rise By Upto 10.5% in 16 Cities

According to NHB (National Housing Bank) data, housing prices have risen by up to 10.5% in 16 major cities of our country India in the April to June (2012) period, while only 3 towns have witnessed a marginal fall.

NHB 'RESIDEX' tracks the movement in prices of residential properties on a quarterly (3 Month) 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, Chairman and Managing Director, NHB said, "Housing prices are largely stable & 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."

Pune 10.5% Rise..!

The maximum increase in housing prices was observed in Pune (10.5%) followed by Bengaluru (8.7%), Patna (8.6%), Ahmedabad (6.4%) and Ludhiana (5.3%).

Housing prices rose by 4.1% in Lucknow, while houses became costlier in Mumbai by 3.7%, Delhi & Kolkatta by 2.6% each, Bhubaneshwar, Bhopal & Chennai by 1.7% each, Surat & Guwahati 1.2% each, and Vijaywada & Kochi by 1.1% each.

However, housing prices declined in Jaipur by 2.6%, Indore by 2.4% and Hyderabad by 1%.

Prices in Faridabad remained stable.

NHB Residex

Base Year: 2007 = 100

CITY WISE HOUSING PRICE INDEX (UPDATING UPTO QUARTER APRIL-JUNE 2012) CITIES Jan-June 2008 Index July- Dec 2008 Index Jan-June 2009  Index Jan-Mar 2010 Index Apr-Jun 2010 Index Oct-Dec 2010 Index Jan-Mar 2011 Index Apr-Jun 2011 Index Oct-Dec 2011 Index Jan-Mar 2012 Index Apr-Jun 2012 Index Hyderabad 96 92 65 81 82 87 83 91 79 86 85 Faridabad 100 121 139 154 152 176 165 220 218 217 217 Patna 103 100 107 127 124 146 146 146 140 129 140 Ahmedabad 106 100 127 113 131 164 165 169 167 164 174 Chennai 104 95 120 164 183 214 218 248 296 304 309 Jaipur 119 115 71 66 61 69 67 64 64 80 78 Lucknow 103 102 104 112 133 152 157 160 165 164 171 Pune 101 97 103 124 135 141 148 150 184 181 200 Surat 101 98 111 109 136 133 128 149 152 144 145 Kochi 106 95 90 79 83 101 86 107 82 72 73 Bhopal 139 151 139 158 153 173 167 224 211 204 207 Kolkata 114 140 162 165 176 213 211 194 190 191 196 Mumbai 112 117 124 134 160 173 175 181 193 190 197 Bengaluru 73 76 58 64 68 101 88 92 100 92 100 Delhi 124 130 121 106 110 123 126 147 167 168 172 Bhubaneshwar 161 164 Guwahati 157 159 Ludhiana 163 171 Vijaywada 184 186 Indore 208 203

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          

Share: