House prices have increased sharply during 2021-22 in 41 cities of the country. At the same time, prices of residential properties registered a decline in 5 cities, while prices remained stable in 4 cities. According to National Housing Bank (NHB) data, Ahmedabad saw the highest price hike of 13.8% among the top eight cities. Prices have gone up by 11% in Hyderabad, 7.7 percent in Chennai, 3.2 percent in Delhi, 2.6 percent in Kolkata, 1.9% in Mumbai, and 0.9 percent in Pune. However, the prices of houses in Navi Mumbai have come down by 5.9 percent. In the index of 50 cities every quarter, prices have increased by 2.6 percent from January-March 2022.
According to the index, the trends have been bullish since June 2021 every quarter. The residential market is improving after Corona. Prices of under-construction and ready-made homes that have not been sold have also risen sharply. Their prices increased by 4.8 percent in the March 2022 quarter, compared to a one percent rise in the same quarter a year ago.
high price volatility
There is a lot of fluctuation in prices. For example, in Bhubaneswar, the prices increased by 23.9%, while in Indore they declined by 10.8%. The index of 50 cities changed by 1.9% in the quarter January-March 2022. There was a change of 0.9% in the prior quarter.
prices will continue to rise
Prices will continue to rise in the future also. The reason is that people are looking for their own house. In addition, the cost of construction is also increasing. According to another report, between January and June this year, the sale of houses increased by 60%. There has also been an increase of 56% in the construction of new houses.
A train accident happened in Chhattisgarh on Tuesday morning. Shivnath Express has derailed in Do
The picture of corona vaccine and vaccination in India is different from Britain.
The Indian Army is training its soldiers in unarmed combat and mixed martial arts techniques so t
42-year-old Indian-origin Rishi Sunak has become the new Prime Minister of Britain. On Tuesday, S
Risk of loan default on Pakistan deepens, Fitch downgrades rating; issued this warning
Another bad news for the beleaguered Pakistani economy. After a sharp decline in foreign exchange
The ever-increasing cases of digital arrest are a matter of concern for the people. Due to this n
The sport of Jallikattu continues in Tamil Nadu. The third day's play began at 8 am at Alanganall
In the fifth match of IPL 2023, Mumbai Indians suffered a crushing defeat by 8 wickets against Ro
The James Webb Space Telescope has photographed a pair of merging galaxies, also known as II ZW 9
The help of psychologists is also being taken in the investigation of the Shraddha Walker murder
