This is a short note.
RBI
has just yesterday released this data on Housing price index that I found worth
sharing
http://rbi.org.in/scripts/PublicationsView.aspx?id=15110#t5
The data is self evident – so I do not want to spend your
time trying to explain it. But here are the key takes aways for me -
- There has been an average 19% YOY increase All India (BSE Sensex has given a 12.86% YOY return as of today).
- Kolkatta at 63.3 YOY growth looks over heated – e careful and avoid buying.
- Chennai and Delhi are doing really well. If you are buying – please buy fast – do not delay. And if you are selling your property – please go slow
- Mumbai seems to have slowed down
- Bangalore has finally started
showing a small growth.
- Kanpur and Lucknow – not sure what’s happening in UP ( any of my readers from UP want to explain?)
Sir a small doubt. While calculating these indexes will they take actual market rates or the Registration rates? Bcoz generally actual market rates will vary from Registration rates.
ReplyDeletePraveen -I am sure everyone understands that the market rates are the real rates - the problem here would be to find the real market rates - that is easy to solve if you stop looking at Govt. data and look at other sources (like the real estate advertisements)
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