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Buying a House in Top 39 Indian Cities Gets Costlier
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.
As per the index, change in under-construction properties in 50 Indian cities in March 2018 quarter :
| Particulars | Year on Year (No. of cities) | Quarter on quarter (No. of cities) |
|---|---|---|
| Increase | 39 | 34 |
| Decrease | 10 | 8 |
| No change | 1 | 8 |
As per the index, change in under-construction properties in 47 Indian cities in December 2017 quarter:
| Particulars | Year on Year (No. of cities) | Quarter on quarter (No. of cities) |
|---|---|---|
| Increase | 32 | 22 |
| Decrease | 10 | 3 |
| No change | 5 | 22 |
The results of the top 8 property markets of India in the March 2018 quarter:
| City | Annual change in price | Annual change in % |
|---|---|---|
| Kolkata | Increase | 8.5 |
| Hyderabad | Increase | 5 |
| Mumbai | Increase | 3.8 |
| Delhi | Increase | 3.3 |
| Bengaluru | Increase | 2.3 |
| Ahmedabad | Increase | 2.2 |
| Chennai | Increase | 0.7 |
| Pune | Decline | -1.4 |
Top 10 cities that experienced a decline in housing prices for March 2018 quarter:
| City | % decline |
|---|---|
| Patna | 12.2 |
| Faridabad | 7.1 |
| Vadodara | 3.5 |
| Rajkot | 1.8 |
| Bhopal | 1.7 |
| Howrah | 1.7 |
| Pune | 1.4 |
| Vasai-Virar | 0.9 |
| Meerut | 0.8 |
| Nashik | 0.8 |
Tier II (out of the 29 covered) that experienced the maximum increase in indices in March 2018:
| City | % increase |
|---|---|
| Lucknow | 9.4 |
| Indore | 7.1 |
| Chandigarh | 6.4 |
