Property Price up by 7% in 12 Major Cities of India

Property price

Property market in India is slowly opening up. Demand rise and formation of stable government is two major reason behind it. From January 2014 to March 2014 it is observed that property price is increasing in majority of cities. As per latest NHB report property price has gone up by 7% in 12 major cities of India.

Metro city like Mumbai is observing slow but steady property price gain since last three quarters. As per NHB report Surat is leading top position with price gain of 7.1% followed by Ahmedabad and Chennai where price gain of 6.1% and 5.8% is observed. This price rise is also observed in Calcutta, Raipur Lucknow and Mumbai.

Let’s look at 12 major cities where price gain in property is observed as per NHB.

Property Rise

Let’s now look at 12 major cities where price fall in property market is observed as per NHB.

Property_fall

 

In Patna biggest property fall is observed. Patna is down by 5.7%. Followed by Jaipur, Guwahati and Bangalore where price fall of -3.8%,-.375% and -3.6% is observed. Another cities where major price fall is observed are Maruth, Bhubaneswar, Ludhiana, Chandigarh, Indore, Pune and Vijayawada.

Kochi and Faridabad price is stagnant no change is observed in property price.

This data is taken from NHB website. NHB does survey every quarter where it include 26 main city in this survey.  This data report is from Jan 2014 to March 2014 only. For more information kindly visit NHB website.

Article by Raviraj

Raviraj is the man behind moneyexcel.com. He is graduate in finance, engaged in blogging since 6 years. Moneyexcel blog is ranked as one of the Top 10 Personal Finance Blog in India. He is not affiliated with any financial product, service provider, agent or broker. The purpose of this blog is to spread financial awareness and help people in achieving excellence for money. Please note that the views expressed on this Blog/Comments are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion.

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1 Comment

  1. sanjeev says:

    Thanks for so much informative website.Keep it up.

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