NHB to release home & rental rate changes across cities from Jan’17

The Residex initiative was aimed at providing a better understanding of the trends in the residential property market and its various nuances. The idea was to bring greater transparency in the property market. Kalyanaraman said NHB Residex — which now covers 26 cities — would cover 50 cities by 2017 and 61 by 2018. For its indices, NHB is now moving to “market collection” of data by partnering with specialised private institutions, in addition to the data supplied by banks/ institutions and CERSAI, he said.

Strong financials
NHB — which is probably the only ‘nil’ net NPA financial institution-in India – reported a net profit of ₹792 crore for the financial year ended June 30, 2016. This represented a 6 per cent increase over the net profit of ₹747 crore in the previous financial year. Total income during the period stood at ₹4,213 crore (₹3,866 crore).

Credits The Hindu Business Line

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