Property prices falling in 7 cities:

House prices in seven cities across India from 2.63 percent to 17.6 percent in January-March fell during the quarter, according to the latest data from the National Housing Bank (NHB) published.

Five other cities have shown a marginal change in prices over the same period. Ute, three cities showed an increase in homeownership rates by 2.6 percent to five percent.

NHB data on housing price index for the first quarter of calendar year 2011 or Residex is a comparative study with the previous quarter. Year after year, increased the prices of goods in all 15 cities are covered in the NHB Residex.

The current findings are in contrast to the data NHB Residex quarter. While from October to December 2010, house prices rose in 13 cities from 15 survey, compared with the July-September 2010 data. In both cities, the prices stayed the same or decreased slightly, or had.

When asked about the possible range of correction in the prices of goods in the coming months, President NHB RV Verma refused to give a figure. . "We can not guess the danger Any correction in the prices of goods that may have the market, there is an impact," Verma said at a press conference to trends to be discussed in the housing industry, he added: "There are ups and downs the property market. "

The wait is over-production of the state should now, the prices shall be according to Verma. Pick up increases in interest rates have added real estate, officials indicated.

Cities that have shown a significant correction (lower house prices), while from January to March 2011 are Bangalore (-17.6 percent), Kochi (-14.92 percent), Faridabad (-6, 37 per cent), Hyderabad (- 4.6 per cent), Surat (-3.76 percent), Bhopal (-3.55 percent) and Jaipur (-2.63 percent). In Kolkata, prices dipped slightly to 0.77 percent. Among other things, Ahmedabad has shown an increase of 0.4 percent, 1.66 percent in Chennai, Mumbai 1.39 percent. Patna shows no change. Of those who attended higher prices in Pune (5.02 percent), Lucknow (3.09 percent) and Delhi (2.64 percent).

NHB plans to add five other cities on Residex this year, the number rises to 20 cities. He also wants to expand the coverage - cities and towns in a city that envisaged in order to determine the price.

The residential price index is designed to increase transparency in the real estate market and help home buyers make informed decisions. The index is compiled from the data of credit institutions.