National Housing Bank, a unit of Reserve Bank of India, which tracks housing prices in major cities has cited that there was a 2.8% increase in housing prices in the 1st quarter of 2012 (Jan to Mar) compared to the previous quarter (Oct – Dec 2011)
http://nhb.org.in/Events/Events.php#residexmay2012
Chennai also ranks no. 1 in price appreciation since 2007, the date when National Housing Bank started tracking housing prices in major cities.
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