RBI House Price Index 2014

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According to the Reserve Bank of India’s (RBI) house price index (HPI), the index had been growing at an annual average rate of 20 per cent year-on-year in 2011-12 and 2012-13.

However, the pace of growth in the average house prices slowed in 2013-14 at 12.7 per cent, plausibly reflecting a correction in trends on the back of subdued demand.

For the latest Q4 of 2013-14 quarter, the y-o-y increase in the HPI at the all-India level was 11.4 per cent compared to 10.5 per cent in the preceding quarter.Of the 10 cities tracked by the HPI, six out of 10 cities witnessed a moderation in the pace of house price appreciation, with two cities (Jaipur and Kanpur) seeing an outright y-o-y decline.

The growth in house prices has moderated in 2013-14 for Mumbai, Delhi, Kolkata, Jaipur and Kanpur.

For instance, the house price in Mumbai increased on an average annual basis by 30.0 and 18.5 per cent respectively for 2011-12 and 2012-13. This has declined to 8.7 per cent in 2013-14.

However, in cities like Bengaluru and Ahmedabad, house prices grew at relativity slower pace during 2012-13, but picked up momentum in 2013-14.

Kolkata and Delhi which picked up momentum in the 2012-13, showed some moderation in price increase in 2013-14.

However, in the southern metros of Chennai and Bangalore, house prices increased significantly . The country has witnessed a tremendous housing boom, specifically in the last decade.

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Newer locations have come to the fore expanding the boundaries further. While the metropolitan cities continue to remain in demand.

There have been some attempts in recent years to create securities that would permit profiting on a real estate decline, but none has so far been able to establish a sizeable, liquid market

A lot of the finance profession basically looked at how to make money in the stock market, at what explains patterns of risk and returns and things like that.

From a little over 90 million sqft in 2005 to more than 400 million sqft in 2014, country's investment grade office stock has undergone a generational shift in its composition, structure and spread backed by the private sector as well as intervention by the government.

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Areas like Thane, New Mumbai, Panvel around Mumbai and areas like Gurgoan, Noida around New Delhi have become centres of trade with excellent infrastructure support like state-ofthe-art commercial, retail and integrated township projects offering world-class lifestyle amenities.

Also, many other areas within the heart of the cities, which were earlier categorised as industrial or textile mills, have also been opened up for development which is also leading to high-end luxurious projects being launched in these areas.