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Buying a House in Top 39 Indian Cities Gets Costlier
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National Housing Bank's housing price index (NHB RESIDEX) shows that purchasing price of homes in top 39 Indian cities have gained in the January-March 2018 quarter, with Lucknow leading the growth at 9.4 percent.

building in a palm

As per the index, change in under-construction properties in 50 Indian cities in March 2018 quarter :

ParticularsYear on Year (No. of cities)Quarter on quarter (No. of cities)
Increase 3934
Decrease108
No change18

As per the index, change in under-construction properties in 47 Indian cities in December 2017 quarter:

ParticularsYear on Year (No. of cities)Quarter on quarter (No. of cities)
Increase3222
Decrease103
No change522

The results of the top 8 property markets of India in the March 2018 quarter:

CityAnnual change in priceAnnual change in %
KolkataIncrease8.5
HyderabadIncrease5
MumbaiIncrease3.8
DelhiIncrease3.3
BengaluruIncrease2.3
AhmedabadIncrease2.2
ChennaiIncrease0.7
PuneDecline-1.4

Top 10 cities that experienced a decline in housing prices for March 2018 quarter:

City% decline
Patna12.2
Faridabad7.1
Vadodara3.5
Rajkot1.8
Bhopal1.7
Howrah1.7
Pune1.4
Vasai-Virar0.9
Meerut0.8
Nashik0.8

Tier II (out of the 29 covered) that experienced the maximum increase in indices in March 2018:

City% increase
Lucknow9.4
Indore7.1
Chandigarh6.4

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Story first published: Wednesday, June 27, 2018, 14:14 [IST]
See More On: housing index, national housing bank

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