Housing.com launches Housing Price Index in collaboration with ISB

NEW DELHI: Online real estate portal Housing.com on Monday launched a “Housing Price Index” in collaboration with the Indian School of Business (ISB). The index will be based on the survey of prices of eight cities including as Ahmedabad, Bengaluru, Chennai, Delhi NCR (Faridabad, Ghaziabad, Gurugram, Greater Noida and Noida), Hyderabad, Kolkata, Mumbai, and Pune from 2017. The index values will be arrived at by giving weight to transaction value share of that locality across the country. The data will be collected on a quarterly basis for 1-3 BHK flats.

Speaking on the virtual launch of the index, Durga Shanker Mishra, secretary, Ministry of Housing and Urban Affairs, said,