Index to track home prices in cities

In a bid to help homebuyers, investors, real estate developers and policymakers track high-frequency price movement in India’s key residential markets, Union Housing and Urban Affairs Secretary, Durga Shanker Mishra launched Housing Pricing Index (HPI), an indicator of economic activity in real estate. Continue Reading

Rs 1.56 lakh cr worth flats launched in 2011 and before still incomplete

Nearly 2.2 lakh housing units, worth Rs 1.56 lakh crore, launched in 2011 and before across seven major cities are yet to be completed by real estate developers, according to property consultant JLL India. Continue Reading