Residential Price Trends Across India's 14 Major Cities

10. Kolkata

191 (Jan-Mar 2012 Index)

190 (Oct-Dec 2011 Index)

Base Year: 2007 = 100

The capital city of West Bengal, Kolkata is witnessing healthy real estate movement. The demand for housing and commercial property is increasing at a faster pace with the emergence of multinational companies, especially information technology (IT) firms.

According to Sudhir Sinha, India president and chief operating officer of Best Western, "The realty sector in Bengal is expected to grow at a handsome rate of 15-20 per cent in 2012."

11. Mumbai

190 (Jan-Mar 2012 Index)

193 (Oct-Dec 2011 Index)

Base Year: 2007 = 100

Mumbai, the financial hub of India is one of the hottest property destinations in Indian real estate market. The city promises major infrastructure growth and development which has led to the real estate development in residential and commercial segment.

Moreover, the city is witnessing residential and commercial growth in suburban areas. For instance, the Vasai-Virar region in western suburb of the city is famous for budget housing, the area near Panvel, where the developers have launched integrated township projects as the region is close proximity to infrastructure like upcoming international airport, the Trans-Harbour Link, railway station and mono rail, according to ET Bureau.