RESIDEX : Residential Property Index like SENSEX for Indian Real estate

RESIDEX is an index that shows the price of property in various cities in India based on transactions. It was initiated in 2007 and is maintained by National Housing board. Hope it was done earlier :-) that would have given us a perspective of how much real estate had really boomed in the last decade.

Its like the SENSEX for Indian Real estate. Here is some values from the National Housing board website.

The cool thing is it has even details about zones within big cities. So for eg. Chennai has 10 zones and it gives the index for each of it. Look at the index value as Rs 100 paid for something, what's the cost now. In Chennai it says the prices have dropped by 27% in Mylapore; Adyar; Velachery; Thriuvanmiyur. RESIDEX for Chennai zone.

There is a company website that gives good stats for analysis about the real estate market - http://www.knightfrank.co.in/.

Cities	2007	2008 Jan- June	2008 July- Dec	2009 Jan-Jun
Delhi	100	124	130	121
Bengaluru	100	73	76	58
Mumbai	100	112	117	124
Kolkata	100	114	140	159
Bhopal	100	139	151	139
Hyderabad	100	96	92	65
Faridabad	100	100	121	136
Patna	100	103	100	107
Ahmedabad	100	106	100	127
Chennai	100	104	95	120
Jaipur	100	119	115	71
Lucknow	100	103	102	104
Pune	100	101	97	103
Surat	100	101	98	111
Kochi	100	106	95	90

http://www.nhb.org.in./Residex/Data&Graphs.php