As per the sources available to www.propertykhazana.com, across the country 6 major cities witnessed the increase in the property values and mainly 3 metro cities namely Pune, Mumbai and Chennai are harshly affected in the property values. But still there is reduce in the second quarter of the present financial year,” said the National Housing Bank (NHB). And according to the National Housing Bank Residex Index Report the property values went up in Pune City by 13% in the quarter of July-September, while values are going up by 9% in Chennai and by 7% in Mumbai respectively.
On the other side the housing property values are raising significantly during the 2nd quarter in Delhi by 5%, in Jaipur by 2% and in Bangalore by 1%, claims the realty sources to www.propertykhazana.com . Divergent to this issue there are still 9 cities with downturn in values and often with Kochi which recorded the maximum drop in the property value.
Residex spokes on the property values movement on 15 cities and Kochi dropped down by 9% and this was followed by Hyderabad with 8%, Bhopal by 7% and Surat by 7% and Faridabad by 6%. Likewise, in the 2nd quarter in the present financial year the rates in Ahmedabad and Lucknow were declined by 4%, whereas Patna and Kolkata saw the decline of 3% & 2% correspondingly in the property value.
Source: NIMMA BENGALURU
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