What is NHB Residex?
What is NHB Residex?
NHB Residex from the National Housing Bank, designed by a technical advisory committee comprising Government representatives, lenders and property market players, is a set of benchmarks that aims to track housing price indicators across Indian cities.
WHO releases residex?
NHB launched the first official residential property index (NHB RESIDEX) for 5 cities namely Mumbai, Delhi, Bangalore, Kolkata and Bhopal.
When was NHB Residex launched?
Notes: RESIDEX, India’s first official housing price index which is released by the National Housing BANK (NHB). It was introduced in the year 2007. The index tracks the movement of housing prices across different cities in India on quarterly basis.
What is the base year of residex?
NHB RESIDEX, India’s first official housing price index (HPI), was launched in July, 2007, to track the movement in prices of residential properties in select cities on quarterly basis, taking 2007 as the base year.
What is a ResiDex?
What is ResiDex? ResiDex offers complete solutions for managing housing and clinical care, human resource, and billing requirements.
What is house price index India?
The Reserve Bank releases a quarterly house price index (HPI) based on transaction-level data received from housing registration authorities in ten major cities. On a sequential or quarter-on-quarter basis, the all-India HPI registered a 0.5 per cent growth in the April-June period of 2021-22.
What is house price index in India?
The Reserve Bank releases a quarterly house price index (HPI) based on transaction-level data received from housing registration authorities in ten major cities. The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.
What is service price index?
Considering the growing share of services in the GDP, the govt has been planning to introduce a service price index on the lines of WPI and CPI for measuring inflation. The current WPI captures only price changes in commodities.
What is the average return in real estate in India?
The average 10-year return on real estate investment has been 10 percent. This is based on the reports published by several real estate research firms that compared returns from nine biggest cities in India. However, the rates may vary if you look at particular cities.
What is GDP deflator how is it calculated?
The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100. GDP Deflator Equation: The GDP deflator measures price inflation in an economy. It is calculated by dividing nominal GDP by real GDP and multiplying by 100.
What is the difference between GDP and CPI?
The CPI measures price changes in goods and services purchased out of pocket by urban consumers, whereas the GDP price index and implicit price deflator measure price changes in goods and services purchased by consumers, businesses, government, and foreigners, but not importers.