National Property Index : Above 65% Demand for Multi-storey Apartments..!

Ghaziabad, Mumbai, Hyderabad, Pune, Delhi, Kolkata, Chennai, Gurgaon and Noida witnessed a rise in city index values..!.

Despite weak real estate buyer sentiment, the National Property Index went up by above 3% in the 2012 October-December quarter over the preceding 3 months last year, a survey has said.

* National Property Index ( NPI) is a weighted average of supply & prices across 11 cities.

* Of the 11 cities in the apartment index, 9 saw a marginal rise, while one recorded stable values and the other registered a small drop in the city index, leading property portal MagicBricks.com said in its report titled PropIndex.

Highlights of PropIndex..!

 * Ghaziabad, Mumbai, Hyderabad, Pune, Delhi, Kolkata, Chennai, Gurgaon and Noida witnessed a rise in city index values.

*  Ahmedabad registered stable values and Bangalore remained largely stable with a small two per cent drop in the index value during the October-December 2012 quarter..

* Ahmedabad, Hyderabad & Bangalore received greater demand for premium properties as compared to Delhi & Mumbai.

* Multi-storey apartments remained the most preferred property type across  India, where 6 out of 11 cities witnessed over 65% demand for multi-storey apartments.

* Further, residential property worth Rs. 30 lakh to Rs. 50 lakh registered maximum consumer demand of 24%.

* Affordable properties, in the price bracket of up to Rs. 20 lakh, witnessed second highest demand at 16%. 

Full Report..!

http://property.magicbricks.com/microsite/buy/propindex/index.html

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For enquiries, send email to propindex@timesgroup.com

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