GUWAHATI, Feb 18 - Guwahati registered the second highest rise in prices of residential properties among major cities in India during the last quarter of 2013.
As per the National Housing Bank (NBH), a wholly-owned bank of Reserve Bank of India (RBI), residential housing prices in 16 cities across India have shown increase in prices in October-December quarter of 2013 over the previous (July-September) quarter.
The highest increase of 8 per cent was in Nagpur, with Guwahati a close second with a rise of 7.4 per cent.
The house price index, with a base year of 2007, stood at 160 in Guwahati in October-December quarter as against 149 in the previous quarter, as per the NHB.
It is noteworthy that residential property prices in Guwahati in the July-September quarter had risen by only 1.4 per cent, while it was in decline during the first two quarters of 2013.
The index covered 26 major cities and has taken into account the price trends for residential properties in different locations and zones in each city.
Among other cities which showed a rising trend in prices during the December quarter were Pune (7.3 per cent), Surat (6.2 per cent), Patna (6.0 per cent), Hyderabad (5.7 per cent), Bhubaneshwar (4.7 per cent), Chennai (3.8 per cent), Bengaluru (3.7 per cent), Delhi (3.2 per cent), Ahmedabad (3.1 per cent), Faridabad (2.5 per cent), Indore (2.2 per cent), Bhopal (1.4 per cent), Raipur (1.3 per cent) and Dehradun (1.1 per cent).
Eight other cities witnessed a declining trend in prices of residential properties over the previous quarter with maximum fall observed in Vijayawada (-3.6 per cent), followed by Lucknow (-3.1 per cent), Meerut (-2.8 per cent), Coimbatore (-2.8 per cent), Jaipur (-2.8 per cent), Chandigarh (-2.1 per cent), Kolkata (-1.5 per cent) and Kochi (-1.2 per cent).
The index in two cities -- Mumbai and Ludhiana -- remained stagnant.
NHB is an apex financial institution for housing and was set up by an Act of Parliament in 1987 to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support incidental to such institutions.
It registers, regulates and supervises housing finance companies, keeps surveillance, coordinates with other regulators.