National Housing Bank released its ‘NHB RESIDEX’ for quarter ended June 2022 which showed that the three prominent cities of Telangana and Andhra Pradesh - Hyderabad - 11.5%, Vizag - 6.7%, and Vijayawada - 3.0% - recorded significant improvement in the index on an annual basis.
Housing Price Index (HPI) tracks the movement in prices of residential properties in select 50 cities on quarterly basis with FY 2017-18 as the base year. On a sequential (quarter-of-quarter) basis, the 50-city index registered an expansion of 1.7% in April-June 2022 as against 2.6% in the previous quarter.
The index is showing an increasing trend since June-21 with Hyderabad - 1.9%, Vijayawada - 2.0%, and Vizag - 0.8% - recording moderate improvement in index during quarter April - June 2022 on a sequential basis, according to a press release on Thursday.
