India

Square Metre Prices - India Compared to Continent

Footnote

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Hong Kong	$16,052
Japan	$15,851
India	$11,413
Singapore	$10,723
Taiwan	$4,424
China	$2,697
Cambodia	$2,503
Thailand	$2,492
Vietnam	$2,070
Philippines	$1,969
Malaysia	$1,400
Indonesia	$1,354
Sri Lanka	$1,075

 

 

India: Square metre prices, premier city centre, US$.

Average per square metre (sq. m.) prices in US$/€ of 120-sq. m. apartments located in the centre of the most important city of each country, either the:

• Administrative capital; and/or
• Financial capital; and/or
• The centre of the rental market

Residential square metre prices published by the Global Property Guide are based on in-house research, using a simple method – we systematically scan web advertisements, looking at offers for sale, and offers for rent, of resale apartments and houses.

Properties are in excellent condition, with good facilities, and have been refurbished or redecorated within the last five years.

Newly-built and pre-sale property prices are not included. Buyers should expect the prices of new properties to be higher than house prices published by the Global Property Guide.

When was this data collected? Click on individual countries to see the data collection date.

Many countries produce residential house price time-series.

Source: Global Property Guide Research

 

India has just released the pilot issue of Residex (India’s house price index), covering five main cities, through the National Housing Bank (NHB). Since the Residex is new, its methodology is being revised every so often. Unfortunately, the Residex is not publicly available. General economics statistics are from the Reserve Bank of India.