Capital Mind’s All India Housing Index, based on the NHB Residex, shows an anaemic 3.7% growth over the earlier year. While prices continue to tick upward, we see the growth slowing and actually turning negative in a number of cities.
While overall trends seem to be slowing everywhere, the Metros show a better annual growth than they did in the last quarter.
We have seen prices actually fall, year on year, in many cities.
- Jaipur worst at -9.8%
- Kochi at -4.5%
- Bangalore, Delhi and Patna also in negative territory
We have a much more detailed post with all city graphs at Capital Mind Premium.