Monday, June 04, 2012

Real Estate Price Trend : Mumbai City From 2007 to 2012


The National Housing Bank's (NHBs) property price index, NHB RESIDEX, for the January to March 2012 quarter shows a mixed trend with five cities showing a rise and ten recording a decline.

A key feature of the latest NHB RESIDEX is that 5 more cities have been covered by India's first and  only residential property price index, taking the total to 20. The new cities are Indore, Vijayawada, Ludhiana, Bhubaneswar and Guwahati.

The index for the quarter January to March 2012 has witnessed moderation or stable property prices in a majority of the cities over the previous quarter, except in Jaipur and  Hyderabad, which have witnessed significant increase. Kochi, Bangaluru and  Patna witnessed significant corrections.

The other cities that showed a declining trend were Bangalore, Surat, Bhopal, Pune, Ahmedabad, Mumbai, Lucknow and Faridabad


MUMBAI -  NHB RESIDEX  (2007 Index Base  = 100 points)
 
Zones Cities Mumbai

Jan-Mar 2010 Index
Oct-Dec 2010 Index
Jan-Mar 2011 Index
Oct-Dec 2011 Index

Jan- Mar 2012 Index
Zone 1
Cuffe Parade and Malabar Hill
143
206
206
243
212
Zone 2
Lower Parel, Matunga East and  Mahim West
176
266
266
248
288
Zone 3
Bandra West, Andheri East and  Oshivara
145
181
170
204
205
Zone 4
Kurla East, Tungwa/ Chadivali, and Chembur
121
125
144
157
160
Zone 5
Malad, Borivali/ Kandivali, Dahisar and Goregaon
153
159
178
191
205
Zone 6
Bhandup  and Mulund
134
149
157
170
172
Navi Mumbai
Vashi, Khar Garh Road
118
171
161
171
174
Thane
Pokaran Road 1  and 2
89
123
111
118
133
Kalyan
Near Railway Station
79
131
120
118
104
Mira Byander
Mira Road
104
134
143
119
129
Virar Vasai
Virar, Nala Sopara
104
135
112
86
99
Other Municipalities
Badlapur
99
145
110
82
93
Mumbai City Index

134
173
175
193
190




 Source: NHB

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