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Realty rates up in all cities barring Kolkata: Report

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“Realty rates up in all cities barring Kolkata: Report” : The Financial express
Housing prices in all cities, except Kolkata, have increased on a year-on year basis during the fourth quarter of financial year 2011-2012, according to the Reserve Bank of India’s (RBI) quarterly house price index (HPI) published in the macroeconomic report of RBI, on Monday. The all-India house price index saw an increase of 24.8%, while the increase from third quarter of financial year ended 2012 was only 7.8%, the index showed.
Also, compared to the previous quarter, housing prices show a moderation in Bangalore, Lucknow and Chennai. "The number of housing transactions on an annual basis shows mixed trends, with the average all-India Index remaining almost unchanged," says the report. While Mumbai, Delhi, Ahmedabad and Bangalore show a decline in transaction volumes on an annual basis, the quarterly decline in five out of nine cities has led to a decline of 1.9% in the all-India transaction volume index growth, it added. "Despite transaction volumes moderating in the later part of 2011-12, housing prices seem to have firmed up," adds the report.
Source: NBTVLIVE

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