Which Indian Cities Doubled your Real Estate Investment in the last 7 Years?
It is not uncommon to hear this phrase in India from every second person you meet.
"Bhai saahab, realestate me paise invest karo aur paanch-saat saal me paise double karo!" (English translation - Bro, invest your money in realestate today and double your investment in the next 5 to 7 years!)
Admit it, you have said this a couple of times yourself. On a serious note, is that double your money game real when it comes to Indian Real Estate investments? Yes and No!
Take a look at that Indian City Wise Housing Prices Index Graph above (Source - NHB Residex - An RBI Organisation) that lists housing prices of all major Indian cities from 2011 right up to the first quarter of 2014! The base year for this index is 2007 and quarterly housing price values are charted starting April-June 2011. Way to go National Housing Bank & RBI!
So which Indian Cities Really Doubled your Real Estate Investment in the last 7 years?
#1. Chennai Tops the list here. If you had invested INR 100 into a decent housing project in Chennai in the year 2007, you would be sitting on INR 349 right now (2014). Yes, that spells a 'much more than double' 3.5 times price appreciation.
#2. Ahmedabad, Delhi, Kolkata and Mumbai would also have doubled your 2007 realestate investment by now!
And which Indian Cities could not keep up with the double game?
#1. Bengaluru- If you would have invested 100 bucks into a housing project in Bangalore in 2007, you would get back 107 bucks today. Double? You should be blooming glad that you did not lose your capital!
#2. Hyderabad - Rs. 100 in 2007 is Rs. 95 today. Lets not hurt you anymore.
Get to that source link and you might find your city there too. Use these figures to make your investors and customers understand trends and clear the myths around realestate investments.
The data chart for the graph above is below (LOL);
Food for thought, eh? So much so for 'paise double.'
Cheers!
The Indian Real Estate for Dummies Team.
"Bhai saahab, realestate me paise invest karo aur paanch-saat saal me paise double karo!" (English translation - Bro, invest your money in realestate today and double your investment in the next 5 to 7 years!)
Admit it, you have said this a couple of times yourself. On a serious note, is that double your money game real when it comes to Indian Real Estate investments? Yes and No!
Take a look at that Indian City Wise Housing Prices Index Graph above (Source - NHB Residex - An RBI Organisation) that lists housing prices of all major Indian cities from 2011 right up to the first quarter of 2014! The base year for this index is 2007 and quarterly housing price values are charted starting April-June 2011. Way to go National Housing Bank & RBI!
So which Indian Cities Really Doubled your Real Estate Investment in the last 7 years?
#1. Chennai Tops the list here. If you had invested INR 100 into a decent housing project in Chennai in the year 2007, you would be sitting on INR 349 right now (2014). Yes, that spells a 'much more than double' 3.5 times price appreciation.
#2. Ahmedabad, Delhi, Kolkata and Mumbai would also have doubled your 2007 realestate investment by now!
And which Indian Cities could not keep up with the double game?
#1. Bengaluru- If you would have invested 100 bucks into a housing project in Bangalore in 2007, you would get back 107 bucks today. Double? You should be blooming glad that you did not lose your capital!
#2. Hyderabad - Rs. 100 in 2007 is Rs. 95 today. Lets not hurt you anymore.
Get to that source link and you might find your city there too. Use these figures to make your investors and customers understand trends and clear the myths around realestate investments.
The data chart for the graph above is below (LOL);
Food for thought, eh? So much so for 'paise double.'
Cheers!
The Indian Real Estate for Dummies Team.
Expecting Bangalore to get more doubled in upcoming years
ReplyDeleteDear Rahul, I went to the NHB site & studied localitywise the index provided for Delhi, Jaipur & Lucknow. I am sorry to say that it is way off & very low for some areas where I or my friends , relatives hold property. I am amazed at this. How come the NHB doesn't know figures which an individual like myself gets in the market. - Rajesh
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