Real Estate Trend in Chennai: From 2007 to 2012, June

According to NHB - National Housing Bank- data, housing prices have risen by up to 10.5 per cent in 16 major cities of India in the April to June (2012) period, while only three towns have witnessed a small fall.

NHB 'RESIDEX' tracks the changes in prices of residential properties on a quarterly (three Month) basis since 2007. The NHB RESIDEX now covers 20 cities.

The highest rise in housing prices was observed in Pune is10.5% followed by Bengaluru - 8.7%, Patna - 8.6%, Ahmedabad  -6.4% and Ludhiana (5.3%).

Housing prices rise by 4.1% in Lucknow, while homes became costlier in Mumbai by 3.7%, Delhi & Kolkatta by 2.6% each, Bhubaneshwar, Bhopal and Chennai by 1.7% each.

NHB Residex -  Chennai Base year 2007 = 100 ponits

Chennai Localities 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 Zone 1 Dr Radhakrishnan Nagar 158 143 116 116 137 202 202 202 Zone 2 Tondiarpet; Narayanappa Garden 187 206 238 207 308 252 257 261 Zone 3 Perambur; Choolai; Edapalayam 197 231 296 267 351 377 337 353 Zone 4 Ayanavaram; Purasawalkam; Kolathur 283 454 593 568 557 618 652 638 Zone 5 Virugambakkam; Anna Nagar; Kilpauk; Nungambakkam 163 262 390 391 397 604 634 630 Zone 6 Nehru Nagar; Chepauk; Marina 175 155 166 134 185 267 228 219 Zone 7 Chetpet; Egmore 103 110 124 170 153 157 183 180 Zone 8 Ashok Nagar; Thyagaraya Nagar; Saligramam 232 242 248 275 323 427 496 564 Zone 9 Kodambakkam; Guindy; Chromepet 171 156 197 210 244 228 264 292 Zone 10 Mylapore; Adyar; Velachery; Thriuvanmiyur 141 196 217 205 252 382 352 328 City Index 164 183 214 218 248 296 304 309

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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