After posting an article on Rental prices last week, I was looking at the owned property prices to check if there was any data available. Reserve Bank through its owned subsidiary, National Housing Bank, has been collecting statistics since 2001 but has folded them into an index called RESIDEX and has expanded the index to cover more cities starting 2007. RESIDEX comes with a base of 100 in the year 2007. Here is the graphic how the housing inflation has been since 2007.
Chennai gets the recognition for the city with the highest inflation in housing prices since 2007. The inflation is 200%.
If you have more data that you are aware of with respect to housing, please share with me your inputs. Thx.
Chennai gets the recognition for the city with the highest inflation in housing prices since 2007. The inflation is 200%.
If you have more data that you are aware of with respect to housing, please share with me your inputs. Thx.
Additionally there is current data for the following cities but there are no trends available.
| City | 2007 | Q1 2012 |
|---|---|---|
| Bhubaneshwar | 100 | 161 |
| Guwahati | 100 | 157 |
| Ludhiana | 100 | 163 |
| Vijayawada | 100 | 184 |
| Indore | 100 | 208 |
