Chennai Tops in Housing Price Gains: Report
In Chennai, residential housing prices rose over 17 per cent during the April-June 2014 quarter
Nov 05, 2014
Source :
Real Estate


Chennai: Though the housing market overall in the country has remained sluggish over the past year, it has shown sharp gains in some cities. Chennai topped the list of price gains among major cities, according to National Housing Bank.

In Chennai, residential housing prices rose over 17 per cent during the April-June 2014 quarter, as compared to the same quarter a year earlier. This is according to the National Housing Bank's Residex index, which tracks the movement in prices of residential properties on a quarterly basis. It now covers 26 major cities in the country.

Chennai was followed by Ahmedabad (14.5 per cent) and Surat (13.38 per cent) in terms of price appreciation. The other three cities that saw double-digit gains in property prices in a year are Hyderabad (13 per cent), Kolkata (11.54 per cent) and Pune (10 per cent).

National Housing Bank's Residex tracks the price trends for residential properties based upon the transaction data received from Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI).

Despite Chennai and Hyderabad seeing double-digit price gains, prices showed stagnant or declining trend in major southern cities. Residential property prices were stagnant in Bangalore and Kochi on a yearly basis while in Coimbatore it declined 1 per cent. In Vijayawada, prices fell over 6 per cent.

The maximum price fall was seen in Meerut (15.8 per cent), followed by Chandigarh (8.3 per cent), Jaipur (7 per cent), Ludhiana (6 per cent)

In Delhi prices fell 3 per cent while in Mumbai it rose over 5 per cent.

Latest Realty News

Sebi-DLF case: SAT allows realty major to redeem Rs 1,806 crore worth mutual funds
Nov 05, 2014
MUMBAI: In an interim relief against Sebi order, realty giant DLF was today allowed by the Securities Appellate Tribunal to redeem mutual funds worth Rs 1,806 crore till next month
High costs, low returns inhibit developers about malls
Nov 05, 2014
New Delhi: Developers across the country are shying from building malls due to high land costs, spurt in property prices and saturation of the market
Land acquisition law may be eased for PPP projects
Nov 05, 2014
New Delhi: The National Democratic Alliance government is planning to exempt public-private partnership (PPP) projects from the need to obtain consent of affected families and the mandatory social-impact assessment, through amendments to the land acquisition law
Robert Vadra's Sky Light Realty inventory zooms tenfold over three years
Nov 05, 2014
New Delhi: The real estate inventories of Robert Vadra firm Sky Light Realty zoomed nearly 10 times in three years
'Exercise caution on projects in villages'
Nov 05, 2014
PUNE: Real estate developers from the city said closer supervision of construction projects and making architects and structural consultants more accountable was necessary
BDA makes 1000-acre infra plan for fringes
Nov 04, 2014
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) has announced it will prepare a master plan for a 1000-acre government plot in the city soon, fuelling speculation in the real estate market
Singapore-based engineering group focuses on Indian smart cities
Nov 04, 2014
SINGAPORE: A Singapore-based engineering consultancy is planning to set up Centres of Excellence in smart cities
Jindals' Rs 300 crore property caught in heritage row
Nov 04, 2014
MUMBAI: Morena House, the Carmichael Road property bought by steel tycoon Sajjan Jindal six years ago and now believed to be worth Rs 300 crore, is now caught in a heritage-versus-redevelopment row
Stage set for Bengal realty project
Nov 04, 2014
Calcutta: Real estate companies Siddha Group and Eden Realty said that they had cleared the decks for the two components of the Bonhooghly Tenement Housing project being developed in partnership with the Bengal government on 18 acres
NCR sees 54% decline in new realty projects
Nov 04, 2014
NEW DELHI: The slowdown in India's real estate sector continues with the number of new construction projects declining sharply in the three biggest realty markets in the third quarter

Latest Realty News Of State

Realty Talk's