NATIONAL HOUSING BANK

New Delhi June 04, 2014

Press Release

NHB RESIDEX – RESIDENTIAL HOUSING PRICE INDEX

Quarterly Update January-March, 2014 (26 cities)

NHB RESIDEX was launched in July 2007 and it tracks the movement in prices of residential properties on a quarterly basis. From the quarter January-March, 2013 NHB RESIDEX has been expanded to include 6 new cities namely Chandigarh, Coimbatore, Dehradun, Meerut, Nagpur and Raipur. The NHB RESIDEX now covers 26 cities.

This latest NHB RESIDEX for the quarter January-March, 2014 covers 26 cities, with base year as 2007. The Residex for the quarter January-March, 2014 constructed for 26 cities has taken into account the price trends for residential properties in different locations and zones in each city and is based upon the transaction data received from Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). The data based on actual transactions are put through a Model that depicts the trend in the market. The Residex is expected to bring greater uniformity and standardisation as well as greater transparency in the valuation of properties across the industry.

Price Movement for the quarter January-March, 2014 (26 Cities)

The movement in prices of residential properties for the quarter January-March, 2014 has shown increasing trend in twelve (12) cities ranging from 1.3% in Bhopal to 7.1% in Surat, and fall in twelve (12) cities ranging from -0.6% in Vijayawada to -5.7% in Patna in comparison to the previous quarter October-December, 2013. Indices for 2 cities namely Faridabad and Kochi have remained stagnant. Rising Trend: Residential housing prices in 12 cities have shown increase in prices in this quarter ended March, 2014 (January-March, 2014) over the previous quarter ended December, 2013 (October-December, 2013). Maximum increase was observed in Surat (7.1%) followed by Ahmedabad (6.1%), Chennai (5.8%), Kolkata (5.1%),

Lucknow (4.9%), Raipur (4.4%), Mumbai (3.2%), Nagpur (2.9%), Dehradun (2.7%), Hyderabad (2.2%), Delhi (1.5%) and Bhopal (1.3%). Declining Trend: 12 cities have shown decline in prices over the previous quarter with maximum fall observed in Patna (-5.7%) followed by Jaipur (-3.8%), Guwahati (-3.75%), Bengaluru (-3.6%), Meerut (-3.5%), Bhubaneshwar (-3.47%), Ludhiana (-3.3%), Chandigarh (-2.7%), Coimbatore (-1.7%), Indore (-1.6%), Pune(-1.3%) and Vijayawada (-0.6%). Indices for 2 cities namely Faridabad and Kochi have remained stagnant.

CITY WISE HOUSING PRICE INDEX FOR THE QUARTER JANUARY-MARCH, 2014

CITIES 2007 Index

Jan-Mar 2012 Index

Apr-Jun 2012 Index

Jul-Sep 2012 Index

Oct-Dec 2012 Index

Jan-Mar 2013 Index

Apr- Jun 2013 Index

July-Sep 2013 Index

Oct-Dec 2013 Index

Jan-March 2014 Index

Hyderabad 100 86 85 84 90 88 84 88 93 95Faridabad 100 217 217 216 205 207 202 204 209 209Patna 100 129 140 138 151 152 147 150 159 150Ahmedabad 100 164 174 180 191 192 186 191 197 209Chennai 100 304 309 312 314 310 303 318 330 349Jaipur 100 80 78 85 87 112 110 108 105 101Lucknow 100 164 171 175 189 183 187 191 185 194Pune 100 181 200 201 205 221 219 219 235 232Surat 100 144 145 138 150 140 142 145 154 165Kochi 100 72 73 80 87 89 86 86 85 85Bhopal 100 204 207 206 216 230 227 220 223 226Kolkata 100 191 196 191 209 197 189 199 196 206Mumbai 100 190 197 198 217 222 221 222 222 229Bengaluru 100 92 100 98 106 109 108 107 111 107Delhi 100 168 172 178 195 202 199 190 196 199Bhubaneshwar 100 161 164 168 172 197 195 193 202 195Guwahati 100 157 159 158 166 153 147 149 160 154Ludhiana 100 163 171 168 179 167 157 150 150 145Vijayawada 100 184 186 181 185 184 174 167 161 160Indore 100 208 203 196 194 195 184 180 184 181Chandigarh 100 194 191 192 188 183Coimbatore 100 184 178 178 173 170Dehradun 100 183 184 184 186 191Meerut 100 191 189 176 171 165Nagpur 100 163 168 162 175 180Raipur 100 156 155 157 159 166