January to March 2013: House prices Up by 28.74% in Jaipur..!

Housing prices have increased marginally by an average 1.1% in 20 major cities, including Delhi & Mumbai, in Januaryto March 2013 over the previous quarter due to slowdown in demand, National Housing Bank (NHB) said on recently.

Six new cities, which were added in the Residex from the period January to March, 2013, witnessed an increase in the prices compared to the base year 2007 with maximum increase in prices in Chandigarh (94 %) followed by Meerut (91 %), Coimbatore (84 %), Dehradun (83 %), Nagpur (63 %) and Raipur (56 %).


Price increase Cities...!

1. Jaipur 28.74%

2. Bhubneshwar 14.54%

3. Pune 7.81%

4. Bhopal 6.49%

 5. Delhi 3.59%

 6. Bengaluru 2.83%

 7. Mumbai 2.31%

 8. Kochi 2.30%

 9. Faridabad 0.98%

8 Cities Shown Decline in Prices..!

Guwahati      - 7.84%

Ludhiana       - 6.71%

Surat             - 6.67 %

Kolkata          - 5.75%

 Lucknow       -   3.18%

 Hyderabad  -  2.23 %

Chennai          - 1.28%.

However, eight out of 20 cities saw a correction with residential property prices going down. The decline ranges from 0.54% in Vijayawada to 7.84% in Guwahati during the reported quarter, as compared to the previous December quarter.

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