According to RBI, Residential Property Index over the past 19 quarters, has seen an upward trend. It was released on 7th of May. A compounded growth rate of 10.5% was observed between first quarter of 2010-11 and 2014-2015. However, the index also showed that there was almost no growth between the fourth quarter of 2013-14 and third quarter of 2014-15. The same trend is expected to continue and an upward trend is expected in 2 to 3 quarters.
The biggest jump in the previous 19 quarter period was see in Jaipur at 13%. The lowest rise was seen in Greater Chandigarh and Hyderabad at 7.31%.
According to the survey, house prices grew faster than rents in the financial year 2013. The survey also compared returns from real estate prices to returns from gold and other forms of investment.
Equity is seen to have outperformed gold and equity in the period between first quarter of 2011 and 2015.