National Housing Bank (NHB),  monitors the property prices through an index by name of  Residex and its data shows that prices of residential properties in Mumbai and Kolkata have seen a downward correction while residential property in Surat rose by 9.4 per cent , Chennai at 9.2 per cent, Pune at 8.9 per cent, Delhi 8.4 per cent, Bengaluru 7.5 per cent, Lucknow rose by 7.1 per cent, Faridabad 5.8 per cent, Ahmedabad 2.5 per cent and Bhopal 1.4 per cent during quarter.

Residex

The property valuation index is beneficial and helpful for consumers, stakeholders and property dealers as it  takes into account the price trends for residential properties in different locations and zones in each city as per classification devised for the purpose.
So we see that residents of Mumbai and Kolkatta have a reason to cheer with marginal drop. Bookmark us for best stock market news and make money with our sure tip of the day.