Square Metre Prices in India compared to Asia
|Hong Kong||$ 28,570|
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 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.