RBI plans two real estate indices
Apr 2010:
The Reserve Bank of India (RBI) may soon come out two real estate indices - one reflecting movements in residential property prices and another for commercial property rates. A RBI report on asset price monitoring system has recommended that the indices should be revised every quarter.
If RBI accepts the suggestions, the indices could be handy for financial markets as well as the central bank which decides the monetary policy. Several countries like the US, Canada, France and Hong Kong rely on their respective property index to gauge the asset price movement in the country.
Source: Magicbricks | Back to Realty News