The rapid increase in the price of housing might have kept the buyers in Delhi at a distance, nevertheless, the National Housing Bank’s property price index portray a different kind of story. Moreover, as per the newspaper report, Delhi’s residential property prices have shown a decline of 1.5 % during January and March 2014 as compared to the last year, same month.
National Housing Bank’s residential property price index, and the paper also reported that housing prices in II-tier cities has shown a sharp down fall. Meerut, which is close to NCR vicinity, traced 13.6 decline in prices.
And in 12 cities the residential prices have shown increase in this quarter ended March 2014 (Jan-March) over the previous quarter ended December, 2013. And a wide growth in price was observed in Ahmedabad (6.1%) followed by, Chennai (5.8%), Kolkata (5.1%), Lucknow (4.9%), Delhi (1.5%), Bhopal (1.3%) and Dehradun (2.7%).
