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.

    Buying a House in Top 39 Indian Cities Gets Costlier

    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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