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Mumbai and Delhi witnessed the maximum increase in housing price at 9.6 per cent each.

Housing prices have risen in 18 major cities, including Delhi and Mumbai, by up to 9.6 per cent during October-December period 2012 compared with the previous quarter, according to National Housing Bank (NHB).

Mumbai and Delhi witnessed the maximum increase in housing price at 9.6 per cent each. Out of 20 cities tracked by NHB ‘Residex’, prices have dropped in only two cities — Faridabad and Indore.

The movement in prices of residential properties has shown increasing trend in 18 cities ranging from 0.6 per cent in Chennai to 9.6 per cent in Delhi & Mumbai, and fall in only two cities namely Indore (-1.0 per cent) and Faridabad (-5.1 per cent) during the quarter October-December 2012 in comparison to the previous quarter July-September 2012,” it added. Prices have shot up by 9.4 per cent each in Kolkata and Patna, followed by Kochi (8.8 per cent), Surat (8.7 per cent), Bengaluru (8.2 per cent) and Lucknow (8 per cent).

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02 Mar 2013

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