RBI To Track Realty Prices

Stepping up its vigilance mechanism to monitor volatility in real estate prices and ensuring transparency in property transactions, Reserve Bank of India (RBI) has called for collection of real estate property price data (sale/resale) directly from banks and housing finance companies.
It has recommended that this be done at transaction level from top 13 centres in the country: Greater Mumbai, Chennai, NCR Delhi, Bangalore, Hyderabad, Kolkata, Pune, Jaipur, Greater Chandigarh, Ahmedabad, Lucknow, Bhopal and Bhubaneswar.
The recommendations come following need for finding realistic measure of aggregate house price in order to understand the behaviour of house price and their influence on country’s economy.
Read the rest of the article, RBI steps up move to track realty prices.

Leave a Reply

Your email address will not be published. Required fields are marked *