Price per Square Meter/Square Foot in India compared to Asia

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Georgia, Tbilisi $ 1,237 $ 115
Hong Kong $ 21,853 $ 2,030
India, Mumbai $ 2,474 $ 230
Indonesia, Jakarta $ 812 $ 75
Japan, Tokyo $ 4,768 $ 443
Malaysia, Kuala Lumpur $ 2,700 $ 251
Philippines, Manila $ 1,317 $ 122
Singapore $ 12,912 $ 1,200
Taiwan, Taipei $ 7,000 $ 650
Thailand, Bangkok $ 4,108 $ 382
Vietnam/HCMC, Hanoi $ 1,858 $ 173

India launched Residex (India's house price index) in July 2007, through the National Housing Bank (NHB). Since Residex is relatively new, its methodology is being revised every so often. The eventual aim is to cover residential housing for 63 cities, before extending coverage to commercial property and land. At date of writing (early 2014) Residex covered 26 cities, with 2007 as base year. Residex is publicly available and can be accessed at the National Housing Bank's site. General economics statistics are from the Reserve Bank of India.