The National Housing Bank (NHB) aims to cover all cities with populations of over one million under its NHB Residex, which is the country’s first official residential property price index.
Current Coverage
The NHB Residex currently provides relative movements of residential property prices in different localities across fifteen cities.
Expansion Plan
According to Mr. S. Sridhar, Chairman of NHB, "By the end of next year, we want to cover sixty-three cities — all cities with over one million population."