It is reported by the National Housing Bank sources to the www.propertykhazana.com that the realty market is hiked radically in 6 cities comprising Pune, Mumbai and in Chennai.
According to the NHB’s Residex directory for the July-September Q, inhabited housing rates in Pune has increased by 13%, followed by a hike of 9% in Chennai and 7% in Mumbai. Other cities, as rates of housing lands valued during the span were Delhi, Silicon City and Jaipur. On the other side, there are 9 cities which as revealed refuse in rates with Kochi by recording the highest fall. According to Residex, the way land rates moved in 15 cities, housing land prices in Kochi chop down by 9% and Hyderabad by 8%, Bhopal by 7%, Surat by 7% and Faridabad by 6% respectively.
According to the sources available to www.propertykhazana.com, rates in Ahmedabad and in Lucknow are down by 4%, Patna and Kolkata with down fall of 3 & 2% correspondingly. Index had taken rate survey for housing lands in various places and zones in each city according to the survey plan. Index likely to give an enhanced considerate in the housing land market and is helping the clients, land traders and other shareholders. While the Residex develops, it is estimating to carry big consistency and regularity in the evaluation of lands in the industry.
Source: NIMMA BENGALURU
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