Minister for Housing and Urban Affairs M Venkaiah Naidu released the new version of NHB RESIDEX on the occasion of the annual day of National Housing Bank, entering its 30th year in New Delhi.
The NHB RESIDEX captures movements in the prices of residential real estate prices. NHB RESIDEX for January-March,2017 revealed that price indices for residential properties based on actual market prices for ongoing construction prices have increased over the previous quarter in 24 of the 47 cities covered in the Index.
Important Takeaways from Above News-
- The Head Office of NHB is at New Delhi.
- NHB was set up on July 9, 1988, under the National Housing Bank Act, 1987.
- Shri Sriram Kalyanaraman is the MD & CEO of NHB.
Source- Press Information Bureau (PIB)