Property prices in Hyderabad remains stable in February 2012 - says Makaan.com Property Index
Makaan.com Property Index – City level
- Monthly Trend: The property prices in Hyderabad have remained stable in the last one month. The Hyderabad Property Index in February 2012 stands at 1012 as against 1009 in January 2012.
- Quarter Analysis: Over the last 3 months, the MPI figure has seen a drop of 6%, indicating a dip in property prices. The index has moved from 1076 in November 2011 to 1012 in February 2012
- Year-on-Year Movement: As compared to last year, the Hyderabad Property Index in February 2012 has dropped by 10.9%, indicating depreciation in property prices over the year. The Hyderabad index has moved from 1136 in February 2011 to 1012 in February 2012.
- City Level: In the last one month most cities have seen stable property prices. Property prices in key markets - Mumbai, Bangalore, Chennai, Ahmedabad, Hyderabad and Pune have remained stable. Only Delhi and Kolkata registered a slight appreciation.
- Going forward: Indian Real Estate market is going through a challenging phase with multiple macro economic headwinds like poor liquidity for developers, increased cost of construction, high land prices, delayed projects, high interest rates. These factors are keeping the home buyers away from the market. Over the coming months the property prices in India are likely to move in a narrow range with a slight negative bias.
Last Updated: Mon Jun 11 2012