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Indian residential prices head north in most major cities

Posted on 03 November 2010

From Property-report.com: The Reserve Bank of India has said that residential property prices are on a northward spiral in most of the major cities, especially in Delhi and Bangalore, while in Mumbai it seems to have reached a plateau.
According to the ‘Macroeconomic and monetary developments second quarter review by the RBI’, released this week, while prices in Mumbai in the last three quarters have been showing moderate growth, in Delhi, they have been growing at a faster rate, which it thinks was partly due to the activities in relation to the recent Commonwealth Games……………………………………….Full Article: Source

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