Housing Prices Rise in 42 Cities in Q1 of FY23: NHB
On a sequential basis, the 50-city index registered an expansion of 1.7 per cent in April-June 2022 against 2.6 per cent in the previous quarter, it said, adding the index is showing an increasing trend on a quarter-on-quarter basis since June 21
NEW DELHI: Housing prices rose in 42 cities in the first quarter of 2022-23, while the rates of residential units fell in five cities and remained stable in three cities, according to the price index Residex released by NHB.
All the eight major metros recorded an increase in the index on an annual basis -Ahmedabad (13.5 per cent), Bengaluru (3.4 per cent), Chennai (12.5 per cent), Delhi (7.5 per cent), Hyderabad (11.5 per cent), Kolkata (6.1 per cent), Mumbai (2.9 per cent) and Pune (3.6 per cent), National Housing Bank (NHB) Residex said.
On a sequential basis, the 50-city index registered an expansion of 1.7 per cent in April-June 2022 against 2.6 per cent in the previous quarter, it said, adding the index is showing an increasing trend on a quarter-on-quarter basis since June 21.
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