Housing price growth moderates in first quarter: RBI
Quotes

Housing price growth moderates in first quarter: RBI

Last Updated: Saturday, November 2, 2013, 11:21
 
 Comment 0
 
Housing price growth moderates in first quarter: RBI
New Delhi: Average housing price inched up by a meagre 0.89 percent during first quarter of current fiscal, although property rates were nearly 14 percent higher from year-ago levels, an RBI report said.

"The quarter-on-quarter growth in the Reserve Bank house price index at the all-India level was lower at 0.89 per cent in Q1 of 2013-14 as compared to 2.46 percent in the previous quarter," RBI said in Macroeconomic and Monetary Developments Second Quarter Review 2013-14.

The price increase was the highest for Lucknow, followed by Ahmedabad and Kochi.

In Lucknow, housing prices rose by 4.66 percent on q-o-q basis, while rates in Ahmedabad and Kochi were up by 4.47 percent and 2.28 percent, respectively.

However, the all-India average price rose by 13.75 percent in April-June period on year-on-year (y-o-y) basis.

The index is a weighted average of city indices, weights based on population proportion. The base year is 2010-11.

Kochi and Lucknow saw the highest y-o-y increases of 28.55 percent and 27.56 percent, respectively.

Prices in Delhi and Mumbai were up by 21.15 percent and 8.38 percent respectively.



PTI

First Published: Saturday, November 2, 2013, 11:16


Comments


comments powered by Disqus
Reminiscing Lincoln Continental
Reminiscing Lincoln Continental
Jaguar high-wire water crossing
Jaguar high-wire water crossing
2015 DFW Auto Show
2015 DFW Auto Show
Samsung Galaxy S6, Galaxy S6 Edge
Samsung Galaxy S6, Galaxy S6 Edge
Hyundai i20 Active
Hyundai i20 Active

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved