Residential Price Trends Across India's 14 Major Cities

Bangalore: Housing price trends across India’s prominent cities has been tracked by National Housing Bank’s Residex Index. The Index has given an estimated price for the cheapest as well as the expensive cities in the residential housing segment. The year 2007 has taken into consideration for the base year and the index has been set at 100. Below is the list of cities with comparative housing prices for the period quarter ended March 2012, as listed by Yahoo.com.

1.  Hyderabad

86 (Jan-Mar 2012 Index)

79 (Oct-Dec 2011 Index)

Base Year: 2007 = 100

The city of Pearls, Hyderabad has been one of the major hubs for IT/ITeS industry, and has observed massive growth in this sector over the past decade. The city’s real estate sector is gaining popularity and developers are launching increasing number of new residential projects and luxury housing projects, which has made this city as one of the favorable realty destination in India.

However, Hyderabad is observing more real estate activities as the areas have the benefit of being strategically located near IT corridors, good connectivity of roads and availability of space at affordable prices, are the key features that are attracting developers to construct new projects under residential, commercial and retail.