Residential Index by NHB

City Wise Index
City	2001	2002	2003	2004	2005	2006	2007
Delhi	100	106	129	150	201	269	298
Bangalore	100	133	170	224	275	272	313
Mumbai	100	116	132	149	178	224	268
Bhopal	100	120	136	154	179	192	260
Kolkata	100	115	129	148	172	180	237

Source: National Housing Bank RESIDEX

NHB RESIDEX provides an index for average capital values of residential properties across five Indian cities - Delhi, Bangalore, Mumbai, Bhopal and Kolkata.

Observations

• Residential rates in Bhopal have increased more than Kolkata, which can be due to a low-base effect.
• Despite a real estate boom in other sectors - Office and Retail, increase in Residential rates slowed down in Bangalore, Bhopal and Kolkata in 2006.
• Bangalore is the only city to witness a technical correction in index. This could be due to the early high growth of residential rates between 2001-2005. Bangalore was ahead in the residential property cycle than other cities, similar to office and retail sectors.

Disclaimer: NHB RESIDEX is placed in the public domain ‘as-is’ and the National Housing Bank (NHB) makes no warranty, expressed or implied, including but not limited to, warranties to merchantability and fitness for a particular purpose. In no event will NHB be liable for any direct, special, indirect, consequential or other damages, however caused. Persons are free to share or otherwise use the indices as they see fit, provided that they cite the source and do not modify the original slides.