Latest news with #NationalHousingBank
Time of India
25-05-2025
- Business
- Time of India
Housing prices on the rise in Jaipur: NHB data
Jaipur: Housing prices in Jaipur have been on a steady rise except for the Covid pandemic years, according to the National Housing Bank's Residex index. The index's 2017-18 base-year point of 100 rose to 142 for Jaipur as per the latest survey. Tired of too many ads? go ad free now While the housing prices went into a tailspin during the Covid years, the demand surged later. The 50-city Housing Price Index (HPI), based on valuation prices of properties collected from banks and housing finance companies, recorded an annual increase of 7.5% during the fourth quarter of 2024-25 compared to 5.1% a year ago. Rajesh Dukia, a real estate developer, said, "Housing prices have been on the rise for the past four years and the momentum is likely to continue." However, Bhiwadi, the second city in Rajasthan that the index tracks, has witnessed a decline in housing prices. Dukia said, "Pollution, traffic, and the overcrowded nature of the town are some of the reasons which are dragging down the prices. On the other hand, Jaipur scores better on these counts, which is reflected in the price appreciation."
Hindustan Times
24-05-2025
- Business
- Hindustan Times
Property prices rise in 48 cities in Q4 of FY25: NHB RESIDEX
New Delhi, May 24 (PTI) As many as 48 cities out of 50 registered an increase in property prices during the fourth quarter of 2024-25, according to data released by the National Housing Bank (NHB). Out of the 50 cities covered, two cities Howrah and Thiruvananthapuram registered a decline in property prices, the latest residential housing price index NHB RESIDEX said. The 50-city Housing Price Index (HPI), based on valuation prices of properties collected from banks and housing finance companies, recorded an annual increase of 7.5 per cent during the fourth quarter of 20224-25 compared to 5.1 per cent a year ago, it added. Eight key primary residential markets witnessed an appreciation in property prices during January-March 2025, it said. As per the Housing Price Index, published by the NHB, prices in Ahmedabad recorded a 6.1 per cent rise, Bengaluru (13.1 per cent), Chennai (9 per cent), Delhi (2.9 per cent), Hyderabad (4.8 per cent), Kolkata (9.6 per cent), Mumbai (5.9 per cent) and Pune (6.8 per cent). On a quarter-on-quarter basis, the 50-city index registered an expansion of 1.9 per cent in January-March 2025. The index has shown an increasing trend on the Q-o-Q basis since September 2021. Meanwhile, the interest rate on home loans moderated by 25 basis points in February 2025, when RBI reduced the repo rate by 25 basis points, the first rate cut in 5 years.
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Business Standard
24-05-2025
- Business
- Business Standard
Property prices rose in 48 of 50 cities in Q4 FY25: NHB RESIDEX data
Eight key primary residential markets witnessed an appreciation in property prices during January-March 2025 Press Trust of India New Delhi As many as 48 cities out of 50 registered an increase in property prices during the fourth quarter of 2024-25, according to data released by the National Housing Bank (NHB). Out of the 50 cities covered, two cities Howrah and Thiruvananthapuram registered a decline in property prices, the latest residential housing price index NHB RESIDEX said. The 50-city Housing Price Index (HPI), based on valuation prices of properties collected from banks and housing finance companies, recorded an annual increase of 7.5 per cent during the fourth quarter of 20224-25 compared to 5.1 per cent a year ago, it added. Eight key primary residential markets witnessed an appreciation in property prices during January-March 2025, it said. As per the Housing Price Index, published by the NHB, prices in Ahmedabad recorded a 6.1 per cent rise, Bengaluru (13.1 per cent), Chennai (9 per cent), Delhi (2.9 per cent), Hyderabad (4.8 per cent), Kolkata (9.6 per cent), Mumbai (5.9 per cent) and Pune (6.8 per cent). On a quarter-on-quarter basis, the 50-city index registered an expansion of 1.9 per cent in January-March 2025. The index has shown an increasing trend on the Q-o-Q basis since September 2021. Meanwhile, the interest rate on home loans moderated by 25 basis points in February 2025, when RBI reduced the repo rate by 25 basis points, the first rate cut in 5 years.
Time of India
24-05-2025
- Business
- Time of India
Property prices rise in 48 of 50 cities in Q4 FY25: NHB report
Property prices increased in 48 out of 50 cities during the fourth quarter of the financial year 2024–25, according to data released by the National Housing Bank (NHB). The NHB's RESIDEX report revealed that only Howrah and Thiruvananthapuram recorded a decline in property values among the surveyed cities. Tired of too many ads? go ad free now The Housing Price Index (HPI), which tracks residential property valuation data sourced from banks and housing finance companies across 50 cities, registered a year-on-year increase of 7.5 per cent in Q4 FY25, up from 5.1 per cent during the same period in the previous year. According to a PTI report, all eight major residential markets saw price appreciation during the January–March 2025 period. NHB data showed that Ahmedabad recorded a rise of 6.1 per cent, Bengaluru 13.1 per cent, Chennai 9 per cent, Delhi 2.9 per cent, Hyderabad 4.8 per cent, Kolkata 9.6 per cent, Mumbai 5.9 per cent and Pune 6.8 per cent. The 50-city index also recorded a quarterly growth of 1.9 per cent during January–March 2025, continuing a consistent trend of quarter-on-quarter growth since September 2021. The property market was further supported by a reduction in home loan interest rates in February 2025, when the (RBI) cut the repo rate by 25 basis points—its first rate cut in five years.
Time of India
24-05-2025
- Business
- Time of India
Property prices rise in 48 cities in Q4 of FY25: NHB RESIDEX
As many as 48 cities out of 50 registered an increase in property prices during the fourth quarter of 2024-25, according to data released by the National Housing Bank (NHB). Out of the 50 cities covered, two cities Howrah and Thiruvananthapuram registered a decline in property prices, the latest residential housing price index NHB RESIDEX said. The 50-city Housing Price Index (HPI), based on valuation prices of properties collected from banks and housing finance companies, recorded an annual increase of 7.5 per cent during the fourth quarter of 20224-25 compared to 5.1 per cent a year ago, it added. Eight key primary residential markets witnessed an appreciation in property prices during January-March 2025, it said. As per the Housing Price Index, published by the NHB, prices in Ahmedabad recorded a 6.1 per cent rise, Bengaluru (13.1 per cent), Chennai (9 per cent), Delhi (2.9 per cent), Hyderabad (4.8 per cent), Kolkata (9.6 per cent), Mumbai (5.9 per cent) and Pune (6.8 per cent). On a quarter-on-quarter basis, the 50-city index registered an expansion of 1.9 per cent in January-March 2025. The index has shown an increasing trend on the Q-o-Q basis since September 2021. Live Events Meanwhile, the interest rate on home loans moderated by 25 basis points in February 2025, when RBI reduced the repo rate by 25 basis points, the first rate cut in 5 years.
