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    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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    Item Reviewed: Real Estate Price Trend : Mumbai City From 2007 to 2012 Rating: 5 Reviewed By: S. Chitra
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