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Saturday 16 November 2013

Housing price growth moderates in first quarter: RBI

ew Delhi: Average housing price inched up by a meagre 0.89 percent during first quarter of current fiscal, although property rates were nearly 14 percent higher from year-ago levels, an RBI report said.

"The quarter-on-quarter growth in the Reserve Bank house price index at the all-India level was lower at 0.89 per cent in Q1 of 2013-14 as compared to 2.46 percent in the previous quarter," RBI said in Macroeconomic and Monetary Developments Second Quarter Review 2013-14.
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